60.1K

Verified Solution

Link Copied!

Darky Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following dota pertain to Darley Manutacturing's opdrations: (Click the ioen to view the data.) (C) (Click the icon to view addisional data) Road the tepvirements. Requirement 1. Prepare a schedule of cash collections for January, Febcuary, and March, and for the quarter in total. Requirement 2. Prepare a production budget. (Utint Unit sales e Sales in dollars + Selling price per unit) Darley Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Darley Manufacturing's ope (Click the icon to view the data.) (i) (Click the icon to view additional data.) Read the requirements. Total cash collections Requirement 2. Prepare a production budget. (Hint: Unit sales = Sales in dollars + Selling price per unit ) Requirement 3. Prepare a direct materials budget. (Round your answers to the nearest whole dollar.) Darley Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Darley Manufacturing's operations: (Click the icon to view the data.) (i) (Click the icon to view additional data) Read the requirements. Requirement 3. Prepare a direct materials budget. (Round your answers to the noarest whole dollar.) payment in January) (Round your answers to the nearest whole dolar) Requirement 4. Prepare a cash payments budget for the direct material purchases from Requirement 3. (Use the accounts payable balance at December 31 of prior year for the prior nonth payment in January) (Round your answers to the nearest whole dollar.) Darley Manulacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Darley Manufacturing's operations: (Click the icon to view the data.) (Click the icon to view additional data.) Read the tequirements. Total cash payments Requirement 5. Prepare a cash payments budget for direct labor. Requirement 6. Prepare a cash payments budget for manufacturing overhead costs. (Round your answers to the nearest whole dellar.) Darley Manufacturing Cash Payments for Manufacturing Overhead Budget Danley Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Darley Manufacturing's operatio (CCbck the icon to view the data.) (i) (Click the icon to view additional data.) Read the requirements. Total cost of direct labor Requirement 6. Prepare a cash payments budget for manufacturing overhead costs. (Round your answers to the nearest whole dollar.) Darify Manulacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Darley Manufacturing's opeera (Cick the icon to view the data.) (1) (Click the icon to view additional date.) Read the reguirements: Cash payments for manufacturing overhead Requirement 7. Prepare a cash payments budget for operating expenses. (Round your answers to the nearest whole dollar.) Requirement 8. Propare a combined cash budget. of an input field is not used in the table leave the input field empty, do not enfor a zero. Use parentheses ora n balances and tinancing payments.) Darity Manufacturing is preparing its master budget for the frst quarter of the upcoming year. The following data pertain to Dariey Manufacturing's oporations: (Click the kon to view the data, (i) (Cick the icon to view additional data) Read the requirements: Requirement 8. Propare a cornbined cash budget. (It an input feld is not uted in the table leave the input fiold empty do not enter a zoro. Use parentheses or a minis sign for negative balonces and franoing payments.) Darley Manfacturing is preparing its master budget for the first quarter of the upcoming yoar. The following data pertain to Darley Manufocturing's operations: (Click the icon to vew the data.) (1) (Cick the icon to view adisional data) Read the reguirements. nearest oent) Darley Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Darley Manufacturing's oparatons: (ft] (Click the icon to view the data) Read the thauirements. (i) (Click the icon to view additional data.) antwen to the nearest whole dollar.) Data table More info a. Actual sales in December were $70,000. Selling price per unit is projected to remain stable at $10 per unit throughout the budget period. Sales for the first five months of the upcoming year are budgeted to be as follows: b.Sales are 30% cash and 70% credit. All credit sales are collected in the month following the sale. c. Darley Manufacturing has a policy that states that each month's ending inventory of finished goods should be 25% of the following month's sales (in units). d.Of each month's direct material purchases, 20% are paid for in the month of purchase, while the remainder is paid for in the month following purchase. Two pounds of direct material is needed per unit at $2.00 per pound. Ending inventory of direct materials should be 10% of next month's production needs. e. Most of the labor at the manufacturing facility is indirect, but there is some direct labor incurred. The direct labor hours per unit is 0.01 . The direct labor rate per hor is $12 per hour. All direct labor is paid for in the month in which the work is performed. The direct labor total cost for each of the upcoming three months is as follows: 1. Monthly manufacturing overhead costs are $5,000 for factory rent, $3,000 for other fixod manufacturing expenses, and $1.20 per unit for variable manufacturing overhead. No depreciation is included in these figures. All expenses are paid in the month in which thas are incurmat Darky Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following dota pertain to Darley Manutacturing's opdrations: (Click the ioen to view the data.) (C) (Click the icon to view addisional data) Road the tepvirements. Requirement 1. Prepare a schedule of cash collections for January, Febcuary, and March, and for the quarter in total. Requirement 2. Prepare a production budget. (Utint Unit sales e Sales in dollars + Selling price per unit) Darley Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Darley Manufacturing's ope (Click the icon to view the data.) (i) (Click the icon to view additional data.) Read the requirements. Total cash collections Requirement 2. Prepare a production budget. (Hint: Unit sales = Sales in dollars + Selling price per unit ) Requirement 3. Prepare a direct materials budget. (Round your answers to the nearest whole dollar.) Darley Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Darley Manufacturing's operations: (Click the icon to view the data.) (i) (Click the icon to view additional data) Read the requirements. Requirement 3. Prepare a direct materials budget. (Round your answers to the noarest whole dollar.) payment in January) (Round your answers to the nearest whole dolar) Requirement 4. Prepare a cash payments budget for the direct material purchases from Requirement 3. (Use the accounts payable balance at December 31 of prior year for the prior nonth payment in January) (Round your answers to the nearest whole dollar.) Darley Manulacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Darley Manufacturing's operations: (Click the icon to view the data.) (Click the icon to view additional data.) Read the tequirements. Total cash payments Requirement 5. Prepare a cash payments budget for direct labor. Requirement 6. Prepare a cash payments budget for manufacturing overhead costs. (Round your answers to the nearest whole dellar.) Darley Manufacturing Cash Payments for Manufacturing Overhead Budget Danley Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Darley Manufacturing's operatio (CCbck the icon to view the data.) (i) (Click the icon to view additional data.) Read the requirements. Total cost of direct labor Requirement 6. Prepare a cash payments budget for manufacturing overhead costs. (Round your answers to the nearest whole dollar.) Darify Manulacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Darley Manufacturing's opeera (Cick the icon to view the data.) (1) (Click the icon to view additional date.) Read the reguirements: Cash payments for manufacturing overhead Requirement 7. Prepare a cash payments budget for operating expenses. (Round your answers to the nearest whole dollar.) Requirement 8. Propare a combined cash budget. of an input field is not used in the table leave the input field empty, do not enfor a zero. Use parentheses ora n balances and tinancing payments.) Darity Manufacturing is preparing its master budget for the frst quarter of the upcoming year. The following data pertain to Dariey Manufacturing's oporations: (Click the kon to view the data, (i) (Cick the icon to view additional data) Read the requirements: Requirement 8. Propare a cornbined cash budget. (It an input feld is not uted in the table leave the input fiold empty do not enter a zoro. Use parentheses or a minis sign for negative balonces and franoing payments.) Darley Manfacturing is preparing its master budget for the first quarter of the upcoming yoar. The following data pertain to Darley Manufocturing's operations: (Click the icon to vew the data.) (1) (Cick the icon to view adisional data) Read the reguirements. nearest oent) Darley Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Darley Manufacturing's oparatons: (ft] (Click the icon to view the data) Read the thauirements. (i) (Click the icon to view additional data.) antwen to the nearest whole dollar.) Data table More info a. Actual sales in December were $70,000. Selling price per unit is projected to remain stable at $10 per unit throughout the budget period. Sales for the first five months of the upcoming year are budgeted to be as follows: b.Sales are 30% cash and 70% credit. All credit sales are collected in the month following the sale. c. Darley Manufacturing has a policy that states that each month's ending inventory of finished goods should be 25% of the following month's sales (in units). d.Of each month's direct material purchases, 20% are paid for in the month of purchase, while the remainder is paid for in the month following purchase. Two pounds of direct material is needed per unit at $2.00 per pound. Ending inventory of direct materials should be 10% of next month's production needs. e. Most of the labor at the manufacturing facility is indirect, but there is some direct labor incurred. The direct labor hours per unit is 0.01 . The direct labor rate per hor is $12 per hour. All direct labor is paid for in the month in which the work is performed. The direct labor total cost for each of the upcoming three months is as follows: 1. Monthly manufacturing overhead costs are $5,000 for factory rent, $3,000 for other fixod manufacturing expenses, and $1.20 per unit for variable manufacturing overhead. No depreciation is included in these figures. All expenses are paid in the month in which thas are incurmat

Answer & Explanation Solved by verified expert

See Answer