Prepare Revenues BudgetPrepare production budget in unitsDirect Material Usage Budgets Discussion Question 2 CCCari Furniture has the following information in respect of Coffee tables for 2021:Production specifications:BeginningTarget EndingInventoryInventoryDirect Materials:Particle board20,000 b.f.18,000 b.f.Teak25,000 b.f.22,000 b.f.Finished goodsCoffee tables5,000 units3,000 unitsRevenue expected for 2021 are:Selling price$392 per tableUnits sold52,000 coffee tablesEach coffee table requires 9.00 b.f. of particle board and 10.00 b.f. of Teak.Costs for 2020 and expected for 2021include:20202021Particle board (per b.f.)$ 3.90$ 4.00Teak (per b.f.)$ 5.80$ 6.00Laminating labor (per hour)$24.00$25.00Machining labor (per hour)$29.00$30.00

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

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Business

Accounting

Prepare Revenues Budget Prepare production budget in units Direct Material Usage Budgets

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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