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Calculate the:

1. Sales revenue budget

2. Production budget

3. Direct materials usage and purchases budget

4. Direct labour budget

5. Manufacturing overhead budget

6. Ending inventories budget

7. Cost of goods sold budget

8. Support department budget

9. Budgeted income statement

Budgets & Budgetory Controls The management accountant for Wow Wheels, a manufacturer of sports bikes, is in the midst of preparing the master budget for the upcoming year. The company's managers are forecasting an increase in the sales because of the success of their current advertising campaign. Relevant data about revenues inventories and production costs from last period's accounting records are presented, together with information pertaining changes in sales volumes and prices, production processes, manufacturing costs and support department costs. Details are as follows 1) The managers forecasted that 100,000 bikes would be sold at a price of RM800 each 2) According to the prior accounting records, beginning finished goods inventory consists of 2,500 bikes at a cost per unit of RM454.75, or RM1,136,875 in total. Given the anticipated increase in sales volume, the managers want to increase finished goods inventory to 3,500 units Direct materials beginning inventory consists of The cost per unit of direct materials is expected to be Wheels and tyres Components Frames Total 20,000 70,000 50,000 140,000 Wheels and tyres Components Frames RM 20 70 50 The managers want ending inventories to be Wheels and tyres Components Frames Total 25,000 87,500 62,500 175,000

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