Shakira Inc. sells drones. The company is in the process of preparing its Selling and Administrative Expense Budget for the year. The following budget data are available:                                      Variable Cost Per Drone Sold      Monthly Fixed Cost Sales commissions                                      $0.40                               $ 12,000 Shipping                                                         3.20 Advertising                                                     0.25 Executive salaries                                                                                   60,000 Depreciation on office equipment                                                          4,000   Expenses are paid in the month incurred. If the company has budgeted to sell 20,000 drones in July, how much is the total budgeted selling and administrative expenses for July?

The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and Administrative Expense Budget for next year. The following budget data are available:     Monthly Fixed Cost Variable Cost Per Deb Sold Sales commissions   $ 1.05 Shipping   $ 1.55 Advertising $ 51,500 $ 0.35 Executive salaries $ 61,500   Depreciation on office equipment $ 21,500   Other $ 41,500     All of these expenses (except depreciation) are paid in cash in the month they are incurred.   If the company has budgeted to sell 16,500 Debs in February, then the total budgeted fixed selling and administrative expenses for February is:

Rollers, Inc. uses a continuous or rolling budget. The month of March is about to end, so the company is now preparing estimates for April. Figures for the period January to March pertaining to factory supplies are as follows: Production Factory Supplies Januar 90,000 144,612 February 108,000 170,712 March 96,000 153,312 If the budgeted production for April is 94,000 units, how much should the budgeted factory supplies be?

Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation: a. The Marketing Department has estimated sales as follows for the remander of the year (in units): July August Septemben 33,000 October 76,000 November 45,000 December 23,000 9,500 10,000 The selling price of the beach umbrellas is $15 per unit. b. All sales are on account. Based on past experience, sales are collected in the following pattern: 30% in the month of sale 65% in the month following sale 5% uncollectible Sales for June totaled $375,000. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of June. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden be equal to 50% of the following month's production…

NuFloor Manufacturing produces floor tiles. The managers at NuFloor are trying to develop budgets for the upcoming quarter. The following data have been gathered for a particular tile design.          Projected unit sales   3,600 cases Selling price per case $ 200   Inventory at the beginning of the quarter   600 cases Target inventory at the end of the quarter   800 cases Direct labor hours needed to produce one case   0.40 hours Direct labor wages $ 15 per hour Direct material cost per case $ 16   Variable manufacturing overhead cost per case $ 10   Fixed overhead costs for the upcoming quarter $ 319,200

Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation:   The Marketing Department has estimated sales as follows for the remainder of the year (in units):   July 41,000 October 31,000 August 92,000 November 17,500 September 61,000 December 18,000   The selling price of the beach umbrellas is $13 per unit. All sales are on account. Based on past experience, sales are collected in the following pattern:   30% in the month of sale 65% in the month following sale 5% uncollectible   Sales for June totaled $533,000. The company maintains finished goods inventories equal to 15% of the following month’s sales. This requirement will be met at the end of June. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden be equal to 50%…

Mama Italiano Sauce is in the process of preparing a production cost budget for May.  The actual costs in April were: Mama Italian Sauce Production Cost Budget April 2008 Production - Jars of sauce 20,000 Ingredient cost (variable) $16,000 Labor cost (variable) 9,000 Rent (fixed) 4,000 Depreciation (fixed) 6,000 Other (fixed) 1,000 Total $36,000 Using this information, prepare a budget for May stating the total amount for the May budget.  Assume the budget will increase to 23,000 jars of sauce reflecting anticipated sales increase related to a new marketing campaign Round to two decimal places.

Classic Loungers is in the process of preparing a production cost budget for August. Actual costs in July for 400 chaise lounge chairs were: Materials cost                                           $  6,000 Labor cost                                                    8,000 Rent                                                             2,000 Depreciation                                                 4,000 Other fixed costs                                          5,000 Total                                                         $ 25,000             Material cost and Labor cost are considered variable. Each chair was sold for $160 in July. Management estimates that sales will increase to 440 chairs during August if the company lowers the selling price to $150 per chair.  What is the incremental profit (loss) associated with the price reduction?       $(200)     $(2,200)     $2,100     $800     $600

Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation:   A) The Marketing Department has estimated sales as follows for the remainder of the year (in units):   July 30,500 October 20,500 August 71,000 November 7,000 September 40,000 December 7,500 The selling price of the beach umbrellas is $10 per unit.   B) All sales are on account. Based on past experience, sales are collected in the following pattern:   30% in the month of sale 65% in the month following sale 5% uncollectible   Sales for June totaled $200,000. C) The company maintains finished goods inventories equal to 15% of the following month’s sales. This requirement will be met at the end of June. D) Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden be equal to 50%…

Movers Company manufactures sneakers. Production of their new sneaker for the coming three months is budgeted as follows: August 50,000 September 62,000 October 48,000 Each sneaker requires 1.5 hours of direct labor time. Direct labor wages average $16 per hour. Monthly variable overhead averages $8 per direct labor hour plus fixed overhead of $700,000. What is the total overhead budgeted for the month of September?