Homework Answers
| Direct Labor Budget | |||||
| Particulars | Amount | ||||
| Total D.L hours req | (3000 units x 2 hrs) | 6000 | hrs | ||
| Rate per hour | $ 10.00 | ||||
| Direct Labor cost | $ 60,000.00 | ||||
| Manufacturing OH Budget | ||||
| Particulars | Amount | |||
| Indirect materials | (6000 hrs x $ 1) | $ 6,000.00 | ||
| Indirect labor | (6000 hrs x $ 1.4) | $ 8,400.00 | ||
| Utilities | (6000 hrs x $ 0.4) | $ 2,400.00 | ||
| Maintenance | (6000 hrs x $ 0.2) | $ 1,200.00 | ||
| $ 18,000.00 | ||||
| Selling & Adm. OH budget | ||||
| Particulars | Amount | |||
| Sales commission | (3000 units x $ 3) | $ 9,000.00 | ||
| Freight out | (3000 units x $ 1) | $ 3,000.00 | ||
| $ 12,000.00 | ||||
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PLEASE HELP! The master budget must be completed using formulas. there must be a sales budget,...
PLEASE HELP! The master budget must be completed using formulas.
there must be a sales budget, production budget, Direct Materials
budget, Direct labor budget, manufacturing overhead budget, selling
and admin budget, budgeted income statement, Schedule of exp
collections, sch of exp payments, sch of exp payments DM, cash
budget, and budgeted balance sheet. please include the formulas you
used.
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PLEASE HELP! The master budget must be completed using formulas.
there must be a sales budget, production budget, Direct Materials
budget, Direct labor budget, manufacturing overhead budget, selling
and admin budget, budgeted income statement, Schedule of exp
collections, sch of exp payments, sch of exp payments DM, cash
budget, and budgeted balance sheet. please include the formulas you
used.
Purpose: The purpose of this project is to help you practice and reinforce the steps necessary to complete a Master Budget,...
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