1. Fruit Tea's data show the following information:Estimated sales (units)Sales price per unitDirect labor per unitLabor rate per houra. Sales budgetb. Production budgetDec.28,000$311.75$$1.50$ 21 $ 21 $ 24 $ 24 $ 24C. Direct materials budgetd. Direct labor budgetAug.25,000$ 31LA LA LA$Sept.25,000311.751.75Oct.Nov.27,00027,50031$31$1.501.50 $ 1.50 $New machinery will be added in October. This machine will reduce the labor required per unitand increase the labor rate for those employees qualified to operate the machinery. Finishedgoods inventory is required to be 20% of the next month's requirements. Direct materialrequires 2.5 pounds per unit at a cost of $5 per pound. The ending inventory required for directmaterials is 20% of the next month's needs. In August, the beginning inventory is 3,750 units offinished goods and 13,125 pounds of materials.For the first quarter ending in October prepare a:

As per the given information: AugSeptOctNovDecEstimated sales…

Answered: 1. Fruit Tea's data show the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Solomon Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost $ 8.20 per unit $ 3.50 per unit $ 2,700 total $ 900 total Fixed selling and administrative cost Solomon planned to produce and sell 2,200 units. Actual production and sales amounted to 2,400 units. Required a. Prepare the pro forma income statement in contribution format that would appear in a master budget. b. Prepare the pro forma income statement in contribution format that would appear in a flexible budget. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the pro forma income statement in contribution format that would appear in a master budget. SOLOMON MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,200 Units 0
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Walton Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost. $8.40 per unit $ 3.40 per unit $ 2,300 total $700 total Fixed selling and administrative cost Walton planned to produce and sell 2,600 units. Actual production and sales amounted to 2,800 units. Required a. Prepare the pro forma income statement in contribution format that would appear in a master budget. b. Prepare the pro forma income statement in contribution format that would appear in a flexible budget. Complete this question by entering your answers in the tabs below. Required A Required B. Prepare the pro forma income statement in contribution format that would appear in a master budget. WALTON MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,600 Units $ 0 0 Required B
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