1. Crow Manufacturers, Inc. projected sales of 64,363 bicycles for 2012. The estimated January 1, 2012 inventory is 5,278 units, and the desired December 31, 2012 inventory is 6,383 units. What is the budgeted production (in units) for 2012?
2. Sweet Dreams, Inc. manufactures bedding sets. The budgeted production is for 47,800 comforters in 2012. Each comforter requires 1.5 hours to cut and sew the material. If cutting and sewing labor costs $16.00 per hour, determine the direct labor budget for 2012.
3. Win Bicycles, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If sales are budgeted to be $18,800 for March and $52,100 for April, what are the budgeted cash receipts from sales on account for April?
4. Trumpet Company produced 4,200 units of product that required 2.8 standard hours per unit. The standard variable overhead cost per unit is $5.30 per hour. The actual variance factory overhead was $61,080. Determine the variable factory overhead controllable variance. Enter a FAVORABLE variance as a negative number.
5. The following data is from the Ace Guitar Company for the A and B regions.
|
A Region |
B Region |
|
| Sales |
$773,500 |
$416,500 |
|
| Cost of goods sold |
293,900 |
158,300 |
|
| Selling expenses |
185,600 |
100,000 |
|
| Service department expenses |
|
|
|
| Purchasing |
|
|
$199,900 |
| Payroll accounting |
|
|
133,300 |