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WFU Corporation expects for the unit sales of Product MSA to increase by 10%, while Product MA will increase by 5% of last year's sales. The company will increase the priceof Product MSA by $10, while Product MA will remain the same. Prepare the budgeted revenue for the upcoming year, 2016 with the information below for 2015. WFU Corporation Sales Budget For the Year Ended December 31, 2016 Units Sales (2015) Unit Sales (2016) Selling Price per Unit 16,500 10,500 roduct MSA 15,000 $110.00 roduct MA 10,000 $75.00 WFU Corporation has a desired ending inventory of 5% of the upcoming year's sales for each year. In 2017, the company expects to sell 20,000 of Product MSA and 12,000 of Product MBA. Prepare the company's production budget for2016. Each finished good of Product MSA and Product MA requires two materials, Product M and Product A, which is measured in pounds. Product M costs $7.50 per pound and Product A costs $5.00 per pound. The required pounds of material per finished good andbeginning and ending inventories are shown. Prepare the 2016 purchases budget. Product M Product A 2.00 Product MSA 1.40 Product MA 1.20 1.00 Beginning inventory 15,000 12,000 Ending inventory 16,500 11,750 Each finished good of WFU Corporation must go through two departments, Production and Finishing. The employees in the Production Department are paid an hourly wage of $10, while the Finishing Department employeesare paid an hourly wage of $9. The time spent in each department for the products are shown below. Prepare a direct labor cost budget for 2016, rounding hours to the nearest whole hour. Production Finishing Product MSA 1.75 2.000 Product MA 1.50 1.00

WFU Corporation expects for the unit sales of Product MSA to increase by 10%, while Product MA will increase by 5% of last year's sales. The company will increase the priceof Product MSA by $10, while Product MA will remain the same. Prepare the budgeted revenue for the upcoming year, 2016 with the information below for 2015. WFU Corporation Sales Budget For the Year Ended December 31, 2016 Units Sales (2015) Unit Sales (2016) Selling Price per Unit 16,500 10,500 roduct MSA 15,000 $110.00 roduct MA 10,000 $75.00 WFU Corporation has a desired ending inventory of 5% of the upcoming year's sales for each year. In 2017, the company expects to sell 20,000 of Product MSA and 12,000 of Product MBA. Prepare the company's production budget for2016. Each finished good of Product MSA and Product MA requires two materials, Product M and Product A, which is measured in pounds. Product M costs $7.50 per pound and Product A costs $5.00 per pound. The required pounds of material per finished good andbeginning and ending inventories are shown. Prepare the 2016 purchases budget. Product M Product A 2.00 Product MSA 1.40 Product MA 1.20 1.00 Beginning inventory 15,000 12,000 Ending inventory 16,500 11,750 Each finished good of WFU Corporation must go through two departments, Production and Finishing. The employees in the Production Department are paid an hourly wage of $10, while the Finishing Department employeesare paid an hourly wage of $9. The time spent in each department for the products are shown below. Prepare a direct labor cost budget for 2016, rounding hours to the nearest whole hour. Production Finishing Product MSA 1.75 2.000 Product MA 1.50 1.00

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter18: Pricing And Profitability Analysis
Section: Chapter Questions
Problem 20E: Eastman, Inc., manufactures and sells three products: R, S, and T. In January, Eastman, Inc.,...
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WFU Corporation expects for the unit sales of Product MSA to increase by 10%, while Product MA will increase by 5% of last year's sales. The company will increase the priceof Product MSA by $10, while Product MA will remain the same. Prepare the budgeted revenue for the upcoming year, 2016 with the information below for 2015. WFU Corporation Sales Budget For the Year Ended December 31, 2016 Units Sales (2015) Unit Sales (2016) Selling Price per Unit Product MSA 15,000 16,500 $110.00 Product MA 10,000 10,500 $75.00 WFU Corporation has a desired ending inventory of 5% of the upcoming year's sales for each year. In 2017, the company expects to sell 20,000 of Product MSA and 12,000 of Product MBA. Prepare the company's production budget for2016. Each finished good of Product MSA and Product MA requires two materials, Product M and Product A, which is measured in pounds. Product M costs $7.50 per pound and Product A costs $5.00 per pound. The required pounds of material per finished good andbeginning and ending inventories are shown. Prepare the 2016 purchases budget. Product M Product A Product MSA 2.00 1.40 Product MA 1.20 1.00 Beginning inventory 15,000 12,000 Ending inventory 16,500 11,750 Each finished good of WFU Corporation must go through two departments, Production and Finishing. The employees in the Production Department are paid an hourly wage of $10, while the Finishing Department employeesare paid an hourly wage of $9. The time spent in each department for the products are shown below. Prepare a direct labor cost budget for 2016, rounding hours to the nearest whole hour. Production Finishing Product MSA 1.75 2.00 Product MA 1.50 1.00
Transcribed Image Text:WFU Corporation expects for the unit sales of Product MSA to increase by 10%, while Product MA will increase by 5% of last year's sales. The company will increase the priceof Product MSA by $10, while Product MA will remain the same. Prepare the budgeted revenue for the upcoming year, 2016 with the information below for 2015. WFU Corporation Sales Budget For the Year Ended December 31, 2016 Units Sales (2015) Unit Sales (2016) Selling Price per Unit Product MSA 15,000 16,500 $110.00 Product MA 10,000 10,500 $75.00 WFU Corporation has a desired ending inventory of 5% of the upcoming year's sales for each year. In 2017, the company expects to sell 20,000 of Product MSA and 12,000 of Product MBA. Prepare the company's production budget for2016. Each finished good of Product MSA and Product MA requires two materials, Product M and Product A, which is measured in pounds. Product M costs $7.50 per pound and Product A costs $5.00 per pound. The required pounds of material per finished good andbeginning and ending inventories are shown. Prepare the 2016 purchases budget. Product M Product A Product MSA 2.00 1.40 Product MA 1.20 1.00 Beginning inventory 15,000 12,000 Ending inventory 16,500 11,750 Each finished good of WFU Corporation must go through two departments, Production and Finishing. The employees in the Production Department are paid an hourly wage of $10, while the Finishing Department employeesare paid an hourly wage of $9. The time spent in each department for the products are shown below. Prepare a direct labor cost budget for 2016, rounding hours to the nearest whole hour. Production Finishing Product MSA 1.75 2.00 Product MA 1.50 1.00
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