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Roehler Industrial Direct Materials Purchases Budget 2011

Direct Materials Purchases Budget Roehler Industrial has estimated that production for the next five quarters will be: Production Information 1st Quarter, 2011 51,000 units 2nd Quarter, 2011 46,000 units 3rd Quarter, 2011 55,000 units 4th Quarter, 2011 44,000 units 1st Quarter, 2012 53,000 units Finished units

Budget Constraints in a Two Period Model

Describe how the budget constraint of a house-hold in a two-period model is affected by each of the following changes. In each case, do you think the household is better off or worst off or is the answer ambiguous? If ambiguous, what does the answer depend on? A. Period 1 income is lower B. The interest rate is higher C. Pe

Budget and Fiscal Plan

You have been hired as an executive director of a small nonprofit organization. Among your many duties are to determine an annual budget and develop a fiscal plan for the organization. For this assignment, you must develop a 2-page spreadsheet that you will deliver to the director and staff containing an annual generic annual

Budget discussion question

This first topic concerns the broad relationship between the federal government and the economy. It invites you to consider what we expect from the government, via the budget (on both the spending and revenue sides, of course) and the nature of individuals working and living in 21st century America. You have seen news stories r

Preparing Operating Budget Components

Black & Decker (B&D) manufactures a wide variety of tools and accessories. One of its more popular items is a cordless power handisaw. Use the following fictitious information about this product line to complete the problem requirements. Each handisaw sells for $50. B&D expects the following unit sales. January 2,100

Rolling Budgets

What is a rolling budget? Why are they prepared? Discuss why some types of companies would use a rolling budget instead of a master budget.

Flexible Budget Performance Report

Flexible Budget Performance Report AirQual Test Corporation provides on-site air quality testing services. The company has provided the following data concerning its operations: Fixed component Variable component Actual

Preparation of master budget

FC manufactures two types of cardboard boxes used in shipping canned food, fruit and vegatables. The canned food box - type C and the perishable box - type P have the following material and labor requirements: Box C Box P Direct material req

Master Budget with Supporting Schedules 2 schedules incomplete

The cash budget is composed of four major sections: 1. The receipts section. 2. The disbursements section 3. The cash excess or deficiency section. 4. The financing section. The receipts section lists all of the cash inflows, except from financing, expected during the budget period. Generally, the major source of receipts i

Hannon Company: Prepare a flexible manufacturing budget

BE21-4 See the attached file for proper format of the table. Hannon Company expects to produce 1,200,000 units of Product XX in 2010. Monthly production is expected to range from 80,000 to 120,000 units. Budgeted variable manufacturing costs per unit are: direct materials $4, direct labor $6, and overhead $8. Budgeted fix

Direct materials purchases budget by month for the first quarter.

See the attached file for proper format. E20-5 Moreno Industries has adopted the following production budget for the first 4 months of 2011. Month Units Month Units January 10,000 March 5,000 February 8,000 April 4,000 Each unit requires 3 pounds of raw materials costing $2 per pound. On Decembe

Zeller Electronics: Projected sales budget for two quarters

See attached file for proper format. Zeller Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and $25, respectively. Because of the intense competition Zeller faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2010 are a

Budget terminology appropriate definitions

Need help matching the 20 Budget terms with definitions. 1. Match the following terms with the appropriate definition. Magna Carta Mercantilism Thomas Jefferson's famous phrase Public administration Budgeting and Accounting Act of 1921 Full Employment Act of 1946 Annual budget Comprehensive Budget De

Nascar Company: Prepare a production budget for transmissions

Nascar Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending inventory for the first quarter will be 37,500 units. The following unit sales of the transmissions are expected during the rest of the year: second quarter, 225,000 units; third quarter, 262,500 units; and fourth

Prepare a merchandise purchases budget for the first quarter.

See attached file for proper format. 3. This window shows what is correct and incorrect for the work you have completed so far. Even if all of the work you have done so far is correct, you may not have completed everything. Westile Company buys plain ceramic tiles and prints different designs on them for souvenir and gift

Budgeting and analysis

A company makes a product out of metal. They use two pounds of metal that costs them $20 per pound. They pay their employees $25 an hour and it takes an average of 1.3 hours for them to make the final product. They expect to sell 8,000 units. They also expect to incur $40,000 in fixed costs. Prepare the mastic static budget.

Preparing a Flexible Budget Report

Hannon Company expects to produce 1,200,000 units of Product XX in 2010. Monthly production is expected to range from 80,000 to 120,000 units. Budgeted variable manufacturing costs per unit are: direct materials $4, direct labor $6, and overhead $8. Budgeted fixed manufacturing costs per unit for depreciation are $2 and for supe

Prepare a master budget for January, February, and March

SIMID SPORTS COMPANY Estimated Balance Sheet December 31, 2011 Assets Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 18,000 Accounts receivable . . . . . . . . . . . . . . . . . 262,500 Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . 75,000 Total current assets . . . . . . . . . . .

SSpending Variance for Dunkin Medical Clinic flexible budget

Dunklin Medical Clinic measures its activity in terms of patient-visits. Last month, the budgeted level of activity was 1,620 patient-visits and the actual level of activity was 1,540 patient-visits. The cost formula for administrative expenses is $3.20 per patient-visit plus $14,300 per month. The actual administrative expense

Raredon Corporation - Master Budget

Direct Labor and Manufacturing Overhead Budgets) : The production department of Raredon Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter produced 12,000 14,000

Jung Corporation direct materials budget for third quarter

The Jung Corporation's budget calls for the following production:Quarter 1 45,000 units Quarter 2 38,000 units Quarter 3 34,000 units Quarter 4 48,000 units. Each unit of production requires three pounds of direct material. The company's policy is to begin each quarter with an inventory of direct materials equal to 30 percent o

How to budget and plan for mixed costs; fixed costs per unit; costs vs expenses

1. True to their name, mixed costs have components of both fixed and variable costs. They have a fixed based cost regardless of your activity level and they have a piece that varies based on your level of production. An example would be an x-ray machine. There is a fixed cost piece for the depreciation and technician salary. The

Designing a Personal Budget Spreadsheet in Excel

1. Create and format a row to show the months for the year (Jan-Dec). 2. Create and format a row, beneath the month row, to show yearly income for each month (Jan-Dec),and properly label the row and value. 3. Add each expense in a separate row (as identified in step 4) and properly label each row and value. 4. For the expense