The quantities of direct materials expected to be used for each unit of finished product are given below. Budgeted sales for the year are anticipated to be 669,000 units, estimated beginning inventory is 105,000 units, and desired ending inventory is 80,000 units. Do not round interim calculations.ĭ.$414,033 b.$409,237 The budgeting process does not involve which of the following activities?Ĭ.increased marketing efforts to boost salesĭ.periodic comparison of actual results to goals c.increased marketing efforts to boost sales Mandy Corporation sells a single product. Round your final answer to the nearest dollar. The appropriate total budget for the department, assuming it uses flexible budgeting, is The department actually completed 10,300 hours of production. The amount to budget for additional sales clerks for the holiday season isĭ.$209,952 b.$23,328 At the beginning of the period, the Cutting Department budgeted direct labor of $136,000, direct materials of $156,000 and fixed factory overhead of $13,500 for 7,600 hours of production. Each additional sales clerk will work a six-hour shift and will be paid $16 per hour. The average daily sales is anticipated to increase by $135,000 from Black Friday until Christmas Eve, or 27 shopping days. From past history, the store determines that it needs one additional sales clerk for each $15,000 in daily sales. The cash payments for Finch Company expected in the month of June areĭ.$188,800 c.$212,000 The operating budgets of a company include theĭ.capital expenditures budget c.production budget Carillon's Department Stores is planning its staffing for the upcoming holiday season. ***Property tax is paid once a year in November. **Insurance expense is $1,000 a month however, the insurance is paid four times yearly in the first month of the quarter (i.e., January, April, July, and October). *Of the manufacturing costs, three-fourths is paid for in the month they are incurred one-fourth is paid in the following month. A formal written statement of management's plans for the future, expressed in financial terms, is aĭ.responsibility report c.budget Finch Company began its operations on March 31 of the current year.
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