mooth Incorporated manufactures hair brushes that sell at wholesale for $2.60 per unit. Budgeted production in both 2021 and 2022 was 7,000 units. There ummarized the 2021 and 2022 operations: 2021 2022 Units sold 4,500 7,000 7,200 7,000 Units produced Costs: Variable factory overhead per unit Fixed factory overhead Variable marketing per unit Fixed Selling and Administrative $ 0.55 $ 3,150 $ 0.75 $ 650 $ 8.65 $ 3,150 $ 1.00 $ 650 ull costing operating income for 2021 is calculated to be: (Do not round intermediate calculations. Round your final answers to whole dollar amounts.)

Q: Crane Company has accumulated the following budget data for the year 2022. 1. Sales: 37,800 units,…

A: Cost of goods sold = sales units ×cost per unit

Q: Bowshar Hills Company sells shoes and expects to produce and sell 40,000 units during the year 2022…

A: The cost of goods sold include the cost incurred on the goods that are sold during the period.

Q: Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours.…

A: Manufacturing Overhead Flexible budget performance report: First step of preparing a flexible budget…

Q: Zhender Inc. manufactures hair brushes that sell at wholesale for $2.60 per unit. Budgeted…

A: The absorption costing is also known as full costing, where fixed manufacturing costs are also…

Q: BLZ manufactures very strong bricks for walls and security installations. Each brick is sold for…

A: Sale revenue=Number of units sold×Price per unit=50,000×K 20=K 1,000,000

Q: Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours.…

A: Variable cost changes with the change in the level of production at a constant rate of variable cost…

Q: HairNeat Inc. manufactures hair brushes that sell at wholesale for $2.60 per unit. Budgeted…

A: Ending inventory (units) in 2016 = Units produced - Units sold = 3,000 units - 2,500 units = 500…

Q: The Monroe Corporation manufactures lamps. It has set up the following standards per finished unit…

A:

Q: Tokyo Division of Toy King manufactures “Togo Toy” and sells them in the Japanese market for P6,000…

A: Target income [Total assets*20%] 2500000Add: Fixed overhead (P) 6080000Target contribution (P)…

Q: Writer One Inc. manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted…

A: Fixed factory overhead per unit = Fixed factory overhead / Units produced = $2,200/11,000 units =…

Q: Porus Corporation makes and sells a single product called a Yute. The company is in the process of…

A: Variable cost: It is the cost that changes with the change in level of activity. E.g., direct…

Q: HairNeat Inc. manufactures hair brushes that sell at wholesale for $2.60 per unit. Budgeted…

A: In Variable Costing method: Unit Product Cost = Variable manufacturing cost per unit. So, Unit…

Q: Echo Amplifiers prepared the following sales budget for the first quarter of 2018: Jan. Feb. Mar.…

A: Sales Expenses are those expenses that are incurred to increase to sales unit of Product  Example of…

Q: Sales are expected to be 15,500 units at $46.00 each. Each unit requires 3 pounds of direct…

A: Budgeted cost of goods sold is the estimated total of all the expenses incurred by a company to…

Q: The Puyer Corporation makes and sells only one product called a Deb. The company is in the process…

A: All amounts are in dollar ($).

Q: Bowshar Hills Company sells shoes and expects to produce and sell 50,000 units during the year 2022…

A: The question is multiple choice question. Required  Choose the Correct Option.

Q: Evergreen Corporation manufactures circuit boards and is in the process of preparing next year's…

A:

Q: Marta Mfg. Co. manufactures cellular phones. For the coming year, the company has budgeted the…

A: please like the answer your response matters     Budgeted Costs Consideredper Pair Percentage…

Q: Ceder Company has compiled the following data for the upcoming year:   Sales are expected to be…

A: Solution: Calculation of cost of goods sold: Particulars Amount ($) Opening Direct raw…

Q: Ceder Company has compiled the following data for the upcoming year: Sales are expected to be 14,000…

A: Income statement: Under this Statement showing the company’s performance over a period of time by…

Q: Evergreen Corporation manufactures circuit boards and is in the process of preparing next year's…

A: Selling price: Selling price is a price set by the supplier at which he is ready to sell his goods.…

Q: HairNeat Inc. manufactures hair brushes that sell at wholesale for $2.60 per unit. Budgeted…

A: Operating Income will be sales - Cost of Units sold

Q: Porus Corporation makes and sells a single product called a Yute. The company is in the process of…

A: Variable cost is defined as the cost which remains fix on the basis of per unit but would increases…

Q: The following information has been by New Inc. in preparing its budget for November and December…

A: Variable FOH means that factory related overhead costs that will change with change in level of…

Q: Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours.…

A: Manufacturing Overhead Flexible Budget Report contains all the manufacturing costs, that will be…

Q: Bowshar Hills Company sells shoes and expects to produce and sell 50,000 units during the year 2022…

A: Budgeted direct material cost =Number of units produced × Budgeted direct material cost per unit…

Q: Plastic Pro, Inc. (PPI), developed standard costs for direct material and direct labor. In 2022, PPI…

A: Standard costing means where standard is set for various cost element and actual cost is then…

Q: Manama Corporation uses budgeted machine-hours to allocate the fixed-overhead cost. The following…

A: Formula for allocated fixed cost:

Q: The following are the flexible budget of Coco Corporation in different levels of direct labor hours.…

A: The factory overhead rate is calculated as estimated overhead cost divided be allocated base.

Q: Bowshar Hills Company sells shoes and expects to produce and sell 50,000 units during the year 2022…

A: Cost of goods sold means total costs incurred in manufacturing of products that are to be sold in…

Q: Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours.…

A: The flexible budget represents the variable and fixed costs to be incurred on various level of…

Q: Bramble Company uses a flexible budget for manufacturing overhead based on direct labor hours.…

A: Flexible Budget: A budget that is based on a different volume of activities is called a Flexible…

Q: Ceder Company has compiled the following data for the upcoming year: • Sales are expected to be…

A: 1. Particulars Amount Direct material used (13000*4*3.3) $171600 Direct labor (13000*1.5*16)…

Q: Flores Company budgeted total variable costs at P250,000 for the current year. In addition, they…

A: Lets understand basics. Applied overhead is a overhead which is calculated for actual activity…

Q: Martin Footwear produces high quality computer bags.  The accountant has prepared the following…

A: Solution:- 1)Calculation of  break-even point for 2019 in units and in sales dollars as follows:-…

Q: Bowshar Hills Company sells shoes and expects to produce and sell 50,000 units during the year 2022…

A: The profits can be arrived from the income statement of the company. All the revenues, and expenses…

Q: Evergreen Corporation manufactures circuit boards and is in the process of preparing next year's…

A: Total variable costs =  Direct Material + Direct labor + Variable Overhead + Variable Selling and…

Q: Bramble Company estimates that 384,000 direct labor hours will be worked during the coming year,…

A: Budgeting is a process of planning future expenses and income for a particular period. Budgeting…

Q: Bowshar Hills Company sells shoes and expects to produce and sell 50,000 units during the year 2022…

A: Ans. Cost of Goods Sold refers to the cost incurred in the sale of goods produced by an…

Q: Ahlia Company developed standard costs for direct material and direct labor. In 2021, Ahlia…

A: Cost Variance: It is the difference between what company is  planned to spend on a project and what…

Q: Flores Company budgeted total variable costs at P250,000 for the current year. In addition, they…

A: The predetermined overhead rate is calculated as estimated overhead cost divided by estimated base…

Q: Zhender Inc. manufactures hair brushes that sell at wholesale for $2.60 per unit. Budgeted…

A: The income statement is one of the essential parts of the financial statement used for reporting the…

Q: This is the budget for the year ended 30 April 2021 for company XTZ Total production & sales =…

A: The break even sales are the sales where business earns no profit no loss during the period.  Break…

Q: The Schuyler Corporation manufactures lamps. It has set up the following standards per finished unit…

A: 1.

Q: Haigh Ltd produces garden chairs. The budgeted output and sales for the month of April 2020 was…

A:

Q: Baskerville Cereals manufactures dog biscuits. The standard costs and revenues of each tonne of…

A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three…

Q: The following data get out from Samsung industrial company: Direct materials costs JD 75 Direct…

A: Answer 1: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…

Q: JEROME POGI has the following budget estimates for its 4th year of operations: Inventories are…

A: Cost of goods sold is the business means total costs incurred on manufacturing and selling of goods…

Q: Budget for january, Variable costs: Indirect Material (5 TL per DL hour) 5,000 Indirect Labor (4 TL…

A: Budget means the expected value of future. Budget is not affected by the actual value as it is…

Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making. 

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.