v2.cengagenow.com + Upper lowa University x B W5: Assignment - ACCT-202-6A-77 Acc... My Home CengageNOWv2...
60.1K
Verified Solution
Link Copied!
Question
Accounting
v2.cengagenow.com + Upper lowa University x B W5: Assignment - ACCT-202-6A-77 Acc... My Home CengageNOWv2 | Online teaching and le... *Homework Help - Q&A from Online Tutor... Week 5 Assignment Chapters 21 thro eBook ? 1. PR.21.01A Budgeted Income Statement and Supporting Budgets The budget director of Birds and Beyond Inc., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for 2. PR.21.02A use in developing the budgeted income statement for January: 3. PR.22.01A a. Estimated sales for January: Birdhouse 7,500 units at $66 per unit 4. PR.22.03A Bird feeder 5,000 units at $82 per unit b. Estimated inventories at January 1: 5. PR.22.04A Direct materials: 6. PR.23.01A Wood 198 ft. Plastic 420 lb. 7. PR.23.02A Finished prod Birdhouse 500 units at $28 per unit Bird feeder 210 units at $40 per unit c. Desired inventories at January 31: Direct materials: Wood 220 ft. Plastic 340 lb. Finished products: Birdhouse 400 units at $28 per unit Bird feeder 250 units at $40 per unit d. Direct materials used in production: In manufacture of BirdHouse: Wood 0.80 ft. per unit of product Plastic 0.50 lb. per unit of product In manufacture of Bird Feeder: Previous Next Progress: 4/7 items Check My Work 3 more Check My Work uses remaining. Assignment Score: 42.64% All work saved. Email Instructor Save and Exit Submit Assignment for Grading 9 Upper Iowa University Week 5 Assignment Chapters 21 thro 1. PR.21.01A " 2. PR.21.02A ' 3. PR.22.01A a '4. PR.22.03A . 5. PR.22104A . 6. PR.23.01A . 7. PR.23.02A 0 Progress: 417 items Assignment Score: 42.64% I) w5: Assignment - ACCT202-6A77 Ace... eBook In manufacture of Bird Feeder: Wood 1.20 ft. per unit of product Plastic 0.75 lb. per unit of product 0 v2.cengagenow.com {:0 My Home e. Anticipated cost of purchases and beginning and ending inventory of direct materials: Wood $9.00 per :. Plastic $1.40 per lb. f. Direct labor requirements: Birdhouse: Fabrication Department Assembly Department Bird Feeder: Fabrication Department Assembly Department 9. Estimated factory overhead costs for January: Indirect factory wages Depreciation of plant and equipment Power and light Insurance and property tax h. Estimated operating expenses for January: Sales salaries expense Advertising expense Ofce salaries expense Depreciation expenseofce equipment Telephone expenseselling Telephone expenseadministratlve 0.25 hr. at $20 per hr. 0.30 hr. at $15 per hr. 0.40 hr. at $20 per hr. 0.35 hr. at $15 per hr. $92,000 34,000 10,100 2,800 $85,100 17,600 19,200 1,100 1,000 400 o I .0 + U Homework Help - Q&A from Online Tutor... m CengageNOWvZ | Online teaching and Ie... (x. 1. eck My Work 3 more Check My Work uses remaining. All work saved. ( Previous Next ) Submit Assignment for Grading v2.cengagenow.com + Upper lowa University B W5: Assignment - ACCT-202-6A-77 Acc... My Home CengageNOWv2 | Online teaching and le.. Homework Help - Q&A from Online Tutor... Week 5 Assignment Chapters 21 thro eBook g. Estimated factory overhead costs for January: ? 1. PR.21.01A Indirect factory wages $92,000 2. PR.21.02A Depreciation of plant and equipment 34,000 Power and light 10,100 3. PR.22.01A Insurance and property tax 2,800 h. Estimated operating expenses for January: 4. PR.22.03A Sales salaries expense $85,100 5. PR.22.04A Advertising expense 17,600 Office salaries expense 19,200 6. PR.23.01A Depreciation expense-office equipment 1,100 7. PR.23.02A Telephone expense-selling 1,000 Telephone expense-administrative 400 Travel expense-selling 3,800 Office supplies expense 350 Miscellaneous administrative expense 250 i. Estimated other income and expense for January: Interest revenue $450 Interest expense 294 j. Estimated tax rate: 25% Required: 1. Prepare a sales budget for January. Birds and Beyond Inc. Sales Budget Progress: 4/7 items Check My Work 3 more Check My Work uses remaining. Previous Next Assignment Score: 42.64% All work saved. Email Instructor Save and Exit Submit Assignment for Grading v2.cengagenow.com + Upper lowa University B W5: Assignment - ACCT-202-6A-77 Acc... My Home CengageNOWv2 | Online teaching and le... Homework Help - Q&A from Online Tutor... Week 5 Assignment Chapters 21 thro eBook Required: ? 1. PR.21.01A 1. Prepare a sales budget for January. 2. PR.21.02A Birds and Beyond Inc. 3. PR.22.01A Sales Budget For the Month Ending January 31 4. PR.22.03A Unit Sales Unit Selling 5. PR.22.04A Volume Price Total Sales Birdhouse 7,500 66 $ 495,000 6. PR.23.01A Bird feeder 5,000 82 410,000 7. PR.23.02A Total revenue from sales tA 905,000 2. Prepare a production budget for January. Birds and Beyond Inc. Production Budget For the Month Ending January 31 Units Birdhouse Bird Feeder Expected units to be sold 7,500 5,000 Plus desired inventory, January 31 400 250 Total units re 7,900 5,250 Less estimated inventory, January 1 500 210 Total units to be produced 7,400 5,040 Previous Next Progress: 4/7 items Check My Work 3 more Check My Work uses remaining. Assignment Score: 42.64% All work saved. Email Instructor Save and Exit Submit Assignment for Grading v2.cengagenow.com + Upper lowa University B W5: Assignment - ACCT-202-6A-77 Acc... My Home CengageNOWv2 | Online teaching and le... Homework Help - Q&A from Online Tutor... Week 5 Assignment Chapters 21 thro eBook ? 1. PR.21.01A 2. Prepare a production budget for January. 2. PR.21.02A Birds and Beyond Inc. 3. PR.22.01A Production Budget nth Ending January 31 4. PR.22.03A Units 5. PR.22.04A Birdhouse Bird Feeder 6. PR.23.01A Expected units to be sold 7,500 5,000 Plus desired inventory, January 31 400 250 7. PR.23.02A Total units required 7,900 5,250 Less estimated inventory, January 1 500 210 Total units to be produced 7,400 5,040 3. Prepare a direct materials purchases budget for January. Round your unit price answers to two decimal places. Birds and Beyond Inc. Direct Materials Purchases Budget For the Month Ending January 31 Wood Plastic Total Required units for production: Birdhouse Bird feeder Plus desired units of inventorv. January 31 Check My Work 3 more Check My Work uses remaining. Previous Next Progress: 4/7 items Assignment Score: 42.64% All work saved. Email Instructor Save and Exit Submit Assignment for Grading v2.cengagenow.com + Upper lowa University B W5: Assignment - ACCT-202-6A-77 Acc... My Home CengageNOWv2 | Online teaching and le.. Homework Help - Q&A from Online Tutor... Week 5 Assignment Chapters 21 thro eBook ? 1. PR.21.01A 3. Prepare a direct materials purchases budget for January. Round your unit price answers to two decimal places. 2. PR.21.02A Birds and Beyond Inc. 3. PR.22.01A Direct Materials Purchases Budget For the Month Ending January 31 4. PR.22.03A Wood Plastic Total 5. PR.22.04A Required units for production: Birdhouse 6. PR.23.01A Bird feeder 7. PR.23.02A Plus desired units of inventory, January 31 Total units required Less estimated units of inventory, January 1 Total units to be purchased Unit price Total direct materials to be purchased $ to to 4. Prepare a direct labor cost budget for January. Birds and Beyond Inc. Direct Labor Cost Budget For the Month Ending January 31 Fabrication Assembly Department Department Total Check My Work 3 more Check My Work uses remaining. Previous Progress: 4/7 items Assignment Score: 42.64% All work saved. Email Instructor Save and Exit Submit Assignment for GradingEC I) v2.cengagenow.com C [II] + E] 9 Upper Iowa University W5: Assignment - ACCT202-6A77 Ace... {:0 My Horne { CengageNOWvZ | Online teaching and Ie... U Homework Help - Q&A from Online Tutor... (x. Week 5 Assignment Chapters 21 thro eBook ' .' 1. PR.21.01A " 4. Prepare a direct labor cost budget for January. 2. PR.21.02A ' Birds and Beyond Inc. 3. PR.22.01A I Direct Labor Cost Budget For the Month Ending January 31 '4. PR,22.03A 0 . _ Fabrication Assembly 5' PR.22.04A . Department Department Total Hours required for production: 7. PR.23.02A 0 Bird feeder [: [: Total hours required :] :] e Hourly rate as: $[: Total direct labor cost $| I $1 I $| 5. Prepare a factory overhead cost budget for January. Blrds and Beyond Inc. Factory Overhead Cost Budget For the Month Ending January 31 Indirect factory wages $l Depreciation of plant and equipment Power and light : Insurance and property tax I: Progress: 4\" items eck My Work 3 more Check My Work uses remaining, ( Previous Assignment Score: 42.64% All work saved. Submit Assignment for Grading 4 EC I) v2.cengagenow.com C [II] + E] 9 Upper Iowa University W5: Assignment - ACCT202-6A77 Ace... {:0 My Home { CengageNOWv2 | Online teaching and Ie... U Homework Help - Q&A from Online Tutor... (x. Week 5 Assignment Chapters 21 thro eBook ' .' Total hm required _ Hourly rate $:] $:] 2' PR'21'02A I Total direct labor cost $| I $l I $| 1. PR.21.01A " 3. PR.22.01A a 5. Prepare a factory overhead cost budget for January. '4. PR,22.03A o 5, PR.22'04A . Birds and Beyond Inc. Factory Overhead Cost Budget 6. PR.23.01A . For the Month Ending January 31 Indirect factory wages $1 7. PR.23.02A 0 Depreciation of plant and equipment a Power and light Insurance and property tax Total 3! 6. Prepare a cost of goods sold budget for January. Work in process at the beginning of January is estimated to be $33,600, and work in process at the end of January is estimated to be $41,200. Blrds and Beyond Inc. Cost of Goods Sold Budget For the Month Ending January 31 4 i: 4 1;: Direct materials: 4 Progress: 4\" items eck My Work 3 more Check My Work uses remaining, ( Previous Assignment Score: 42.64% All work saved. Submit Assignment for Grading EC I) v2.cengagenow.com C [II] + E] 9 Upper Iowa University W5: Assignment - ACCT202-6A77 Ace... {:0 My Home { CengageNOWvZ | Online teaching and Ie... U Homework Help - Q&A from Online Tutor... (x. Week 5 Assignment Chapters 21 thra eBook ' .' 1. PR.21.01A " 6. Prepare a cost of goods sold budget for January. Work in process at the beginning of January is estimated to be $33,600, and work in process at the end of January is estimated to be $41,200. 2. PR.21.02A ' 3. PR.22.01A I Birds and Beyond Inc. Cost of Goods Sold Budget '4. PR,22.03A . For the Month Ending January 31 4 5. PR.22.04A o 4:] ' $:] Direct materials: 7. PR.23.02A o v s:] v : a Cast of direct materials available for use 35:] ...._v :] Cost of direct materials placed in production $:] v : v : Total manufacturing costs 6. PR.23.01A . Total work in process during the period $ V c....................... :1 Cost of nished goods available for sale 4:] v [:1 Progress: 4,7 items eck My Work 3 more Check My Work uses remaining, ( Previous Next ) Assignment Score: 42.64% All work saved. Submit Assignment for Grading v2.cengagenow.com + Upper lowa University B W5: Assignment - ACCT-202-6A-77 Acc... My Home CengageNOWv2 | Online teaching and le... Homework Help - Q&A from Online Tutor... Week 5 Assignment Chapters 21 thro eBook ? 1. PR.21.01A Cost of finished goods available for sale 2. PR.21.02A Cost of goods sold 3. PR.22.01A 4. PR.22.03A 7. Prepare a selling and administrative expenses budget for January. 5. PR.22.04A Birds and Beyond Inc. Selling and Administrative Expenses Budget 6. PR.23.01A For the Month Ending January 31 7. PR.23.02A Selling expenses: Sales salaries exp Advertising expense Telephone expense-selling Travel expense-selling Total selling expenses $ Administrative expenses: Office salaries expense Depreciation expense-office equipment Telephone expense-administrative Office supplies expense Miscellaneous administrative expense Total administrative expenses Check My Work 3 more Check My Work uses remaining. Previous Progress: 4/7 items Assignment Score: 42.64% All work saved. Email Instructor Save and Exit Submit Assignment for Grading v2.cengagenow.com + Upper lowa University B W5: Assignment - ACCT-202-6A-77 Acc... My Home CengageNOWv2 | Online teaching and le... Homework Help - Q&A from Online Tutor... Week 5 Assignment Chapters 21 thro eBook 1. PR.21.01A Telephone expense-administrative ? Office supplies exp 2. PR.21.02A Miscellaneous administrative expense 3. PR.22.01A Total administrative expenses 4. PR.22.03A Total operating expenses $ 5. PR.22.04A 8. Prepare a budgeted income statement for January. 6. PR.23.01A Birds and Beyond Inc. 7. PR.23.02A Budgeted Income Statement For the Month Ending January 31 A Operating expenses: $ Total operating expenses Other revenue: Other expenses: Progress: 4/7 items Check My Work 3 more Check My Work uses remaining. Previous Assignment Score: 42.64% All work saved. Email Instructor Save and Exit Submit Assignment for Grading v2.cengagenow.com + Upper lowa University B W5: Assignment - ACCT-202-6A-77 Acc... My Home CengageNOWv2 | Online teaching and le... Homework Help - Q&A from Online Tutor... Week 5 Assignment Chapters 21 thro eBook Total operating expenses $ ? 1. PR.21.01A 2. PR.21.02A 8. Prepare a budgeted income statement for January. 3. PR.22.01A Birds and Beyond Inc. Budgeted Income Statement 4. PR.22.03A For the Month Ending January 31 5. PR.22.04A 6. PR.23.01A 7. PR.23.02A Operating expenses: $ Total operating expenses Other revenue: Other expenses: Progress: 4/7 items Check My Work 3 more Check My Work uses remaining. Previous Assignment Score: 42.64% All work saved. Email Instructor Save and Exit Submit Assignment for Grading
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!