Production and Direct Labor Cost Budgets Two-Leg Company manufactures slacks and jeans under a varlety of brand names, such as Kickers and 101 Denims. Slacks and jeans are assembled by a variety of different sewing operations. Assume that the sales budget for Kickers and 101 Denims shows estimated sales of 21,610 and 44,680 pairs, respectively, for May. The finished goods inventory is assumed as follows: Kickers 101 Denims May 1 estimated inventory 970 1,260 May 31 desired inventory 360 1,580 Assume the following direct labor data per 10 pairs of Kickers and 101 Denims for four different sewing operations: Direct Labor per 10 Pairs Kickers 101 Denims Inseam 17 minutes 11 minutes Outerseam 21 14 Pockets Zipper 10 Total 54 minutes 39 minutes

Q: (Flexible budget) Tom's Shoe Repair provides a variety of shoe repair services. Analysis of monthly…

A: The variable cost per unit is calculated as total variable cost divided by number of units produced.

Q: Production Budget Healthy Measures Inc. produces a Bath and Gym version of its popular electronic…

A: Production Budget: It is a budget that quantifies the units that a company must produce to meet the…

Q: bor Cost Budget Rip Court Racket Company manufactures two types of tennis rackets, the Junior and…

A: Rip Court Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker…

Q: Production and direct labor cost budgetsLevi Strauss & Co. manufactures slacks and jeans under a…

A: SOLUTION- BUDGETING IS A PROCESS TO PREPARE THE FINANCIAL STATEMENT BY THE MANGER TO ESTIMATE THE…

Q: Weightless Inc. produces a Bath and Gym version of its popular electronic scale. The anticipated…

A: A production budget calculates the number of units to be produced during a period.

Q: Tracie Corporation manufactures and sells women's skirts. Each skirt (unit) requires 22 yards of…

A: In standard costing, difference between the Budgeted Cost and Actual Cost of any activity is called…

Q: Sales and Production Budgets Sonic Inc. manufactures two models of speakers, Rumble and Thunder.…

A: (a). Sales budget Sonic Inc.  Sales Budget For the Month Ending June 30    Unit Sales…

Q: Direct labor cost budget Rip Court Racket Company manufactures two types of tennis rackets, the…

A: Direct Labor Cost Budget estimates the total amount of wages to be paid to the workers for the…

Q: Production and Direct Labor Cost Budgets Two-Leg Company manufactures slacks and jeans under a…

A: The question is based on the concept of Cost Accounting.

Q: Direct Labor Cost Budget Ace Racket Company manufactures two types of tennis rackets, the Junior…

A:

Q: Budget Performance Report Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles for…

A: Manufacturing cost budget: Manufacturing cost budget is a budget comprised of the budgeted costs for…

Q: Direct Labor Cost Budget Donner Racket Company manufactures two types of tennis rackets, the Junior…

A: Donner Racket Company   Forming department Assembly department Hours required for…

Q: Production Budget Weightless Inc. produces a Bath and Gym version of its popular electronic scale.…

A: Given that , Expected sales :  Bath scale - 49300 units Gym scale - 68900 units Beginning inventory…

Q: Production Budget Healthy Measures Inc. produces a Bath and Gym version of its popular electronic…

A: A production budget calculates the number of units to be produced during a period.

Q: Sales and Production Budgets Sonic Inc. manufactures two models of speakers, Rumble and Thunder.…

A:

Q: Budget Performance Report Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles…

A: Genie in a Bottle CompanyManufacturing Costs-Budget Performance Report:::: Mfg.          . Actual…

Q: Sales and Production Budgets Sonic Inc. manufactures two models of speakers, Rumble and Thunder.…

A: Sales Budget : A Sales budget represents the quantity and the per unit sales price of the product or…

Q: Production Budget Weightless Inc. produces a small and large version of its popular electronic…

A: Production budget estimates the units to be manufactured for a given period. Units to be produced =…

Q: Direct Labor Cost Budget Ace Racket Company manufactures two types of tennis rackets, the Junior…

A: Direct labor cost budget shows total direct labor cost and the number of direct labor hours needed…

Q: Direct Labor Cost Budget Ace Racket Company manufactures two types of tennis rackets, the Junior and…

A: The direct labor budget is utilized to figure the quantity of work hours that will be expected to…

Q: Tucker Company makes chairs. Tucker has the following production budget for January - March. January…

A: Formula for purchase of board feet: Material required for February production + Ending budgeted…

Q: The following information applies to questions 20-23 The following information (in units of…

A: Raw material budget is prepared to estimate the required quantities to produce and purchase.

Q: Direct Labor Cost Budget MatchPoint Racket Company manufactures two types of tennis rackets, the…

A: The direct labor cost budget is utilized to ascertain the quantity of work hours that will be…

Q: Production and Direct Labor Cost Budgets Two-Leg Company manufactures slacks and jeans under a…

A: Answer a

Q: Required information [The following information applies to the questions displayed below.] Shadee…

A: Budgeted  Total sales = Expected units to be sold × selling price per unit.

Q: Weightless Inc. produces a small and large version of its popular electronic scale. The anticipated…

A: The budget that helps in determining the units that are required by the company to produce and it is…

Q: Budget Performance Report Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles…

A: Cost Variance = Actual Costs - Standard cost at actual volume

Q: Each finished unit of merchandise Haw contains 1.25 cm of Material H. Budgeted sales of merchandise…

A: Inventory refers to the stock that a company holds for resale purposes or the inventory that has not…

Q: Direct Labor Cost Budget MatchPoint Racket Company manufactures two types of tennis rackets, the…

A: 1. Labour Cost Budget: Labour Cost Budget is prepared to determine the budgeted Labour cost of…

Q: The sales department of F. Pollard Manufacturing Co. has forecast sales in March to be 25,000 units.…

A: The production budget is usually generated from a mixture of the sales projections and the…

Q: Factory Overhead Cost Budget Nutty Candy Company budgeted the following costs for anticipated…

A: Variable factory overhead costs:     Manufacturing supplies 15,030   Power and light 44,820…

Q: Direct Labor Cost Budget MatchPoint Racket Company manufactures two types tennis rackets, the Junior…

A: Direct labor budget: A direct labor budget demonstrates the direct labor hours and its associated…

Q: Sales and Production Budgets Sonic Inc. manufactures two models of speakers, Rumble and Thunder.…

A: The sales budget is prepared to measure the total number of units sold by the company and the total…

Q: Direct Labor Cost Budget Donner Racket Company manufactures two types of tennis rackets, the Junior…

A: Direct labour cost budget shows how many labour hours are required for production and that is their…

Q: Production and Direct Labor Cost Budgets Two-Leg Company manufactures slacks and jeans under a…

A: A budget is a forecast of revenue and expenses for a certain future period of time that is generally…

Q: Production Budget Healthy Measures Inc. produces a Bath and Gym version of its popular electronic…

A: The production budget is prepared to estimate the no. Of units to be produced.

Q: Direct Labor Cost Budget MatchPoint Racket Company manufactures two types of tennis rackets, the…

A: The budget is prepared by the management on the basis of past experience. It is helpful for the…

Q: Sales and Production Budgets Sonic Inc. manufactures two models of speakers, Rumble and Thunder.…

A: Total units available is the sum of closing inventory and sales unit. Units to be produced is total…

Q: Prepare the direct labor cost budget for July.

A:

Q: Direct Labor Cost Budget Ace Racket Company manufactures two types of tennis rackets, the Junior…

A: The budget is prepared by the management based on experience. Based on the budget, It is helpful for…

Q: Tucker Company makes chairs. Tucker has the following production budget for January - March. January…

A: The production budget plan computes the number of units of items that should be made and is gotten…

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A: Direct labor cost: Direct labor costs are linked to the labor employed in the process of…

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A: Forming department Assembly department Hours required for production:     Junior (A) 1,700…

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A: We know that variable cost changes with the change in the amount of activity and fixed cost remains…

Q: Budget Performance Report Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles…

A: Variance Analysis is a technique of comparing standard or budgeted costs with actual costs and find…

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A: Solution:   Manufacturing cost budget at planned level is as under:

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A: Cost of goods sold budget shows how much amount needs to be spent on total production of goods.

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A: Budgetary control: It is the process under which the budget is compared with actual performance to…

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.