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Question 1: The Jansen Company manufactures and sells two products: plastic boxes and plastic trays. Estimated needs for a unit of each are- Воxes Trays Cost per unit Material A 2 pounds 1 pound $2.5 per pound Material B 4 pounds 3 pounds $1.5 per pound Direct labor 2 hours 2.5 hours $2 per hour The estimated sales by product for the year 2021 are, 42,000 Boxes and 24,000 Trays. Price per Box is $20 and per Tray is $18. The beginning inventories are expected to be as follows: 4,000 pounds 6,000 pounds 1,000 units Material A Material B Воxes Trays 500 units The desired inventories 5,000 pounds 10,000 pounds 4,000 units 2000 units Material A Material B Boxes Trays Requirements 1. Prepare a revenue budget 2. Production schedule (in units) 3. Purchases of raw materials budget (in units)

Question 1: The Jansen Company manufactures and sells two products: plastic boxes and plastic trays. Estimated needs for a unit of each are- Воxes Trays Cost per unit Material A 2 pounds 1 pound $2.5 per pound Material B 4 pounds 3 pounds $1.5 per pound Direct labor 2 hours 2.5 hours $2 per hour The estimated sales by product for the year 2021 are, 42,000 Boxes and 24,000 Trays. Price per Box is $20 and per Tray is $18. The beginning inventories are expected to be as follows: 4,000 pounds 6,000 pounds 1,000 units Material A Material B Воxes Trays 500 units The desired inventories 5,000 pounds 10,000 pounds 4,000 units 2000 units Material A Material B Boxes Trays Requirements 1. Prepare a revenue budget 2. Production schedule (in units) 3. Purchases of raw materials budget (in units)

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 54P: Preparation of Income Statement: Manufacturing Firm Laworld Inc. manufactures small camping tents....
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Question 1: The Jansen Company manufactures and sells two products: plastic boxes and plastic trays. Estimated needs for a unit of each are- Boxes Trays Cost per unit Material A 2 pounds 1 pound $2.5 per pound Material B 4 pounds 3 pounds $1.5 per pound Direct labor 2 hours 2.5 hours $2 per hour The estimated sales by product for the year 2021 are, 42,000 Boxes and 24,000 Trays. Price per Box is $20 and per Tray is $18. The beginning inventories are expected to be as follows: 4,000 pounds 6,000 pounds 1,000 units 500 units Material A Material B Воxes Trays The desired inventories 5,000 pounds 10,000 pounds 4,000 units 2000 units Material A Material B Boxes Trays Requirements 1. Prepare a revenue budget 2. Production schedule (in units) 3. Purchases of raw materials budget (in units) 4. Purchases of raw materials budget (in $) 5. Direct labor budget in hours 6. Direct labor budget in amount ($) 7. Overhead to be charged to production
Transcribed Image Text:Question 1: The Jansen Company manufactures and sells two products: plastic boxes and plastic trays. Estimated needs for a unit of each are- Boxes Trays Cost per unit Material A 2 pounds 1 pound $2.5 per pound Material B 4 pounds 3 pounds $1.5 per pound Direct labor 2 hours 2.5 hours $2 per hour The estimated sales by product for the year 2021 are, 42,000 Boxes and 24,000 Trays. Price per Box is $20 and per Tray is $18. The beginning inventories are expected to be as follows: 4,000 pounds 6,000 pounds 1,000 units 500 units Material A Material B Воxes Trays The desired inventories 5,000 pounds 10,000 pounds 4,000 units 2000 units Material A Material B Boxes Trays Requirements 1. Prepare a revenue budget 2. Production schedule (in units) 3. Purchases of raw materials budget (in units) 4. Purchases of raw materials budget (in $) 5. Direct labor budget in hours 6. Direct labor budget in amount ($) 7. Overhead to be charged to production
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