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using 40,000 units) selling expenses: Variable selling expenses..... Fixed selling expenses..... $80 Administrative expenses (all fixed costs)... $400,000 $4 per unit $150,000 nstructions Prepare the following budgets using one column for each month and a total column for the first quarter, as shown for the sales budget: Bellaire Inc. Sales Budget For the First Quarter Ending March 31 January 25,000 February March First Quarter Estimated units sold 30,000 45,000 100,000 rch is Prepare a sales budget for March. Prepare a production budget for March. Prepare a direct materials purchases budget for March.

using 40,000 units) selling expenses: Variable selling expenses..... Fixed selling expenses..... $80 Administrative expenses (all fixed costs)... $400,000 $4 per unit $150,000 nstructions Prepare the following budgets using one column for each month and a total column for the first quarter, as shown for the sales budget: Bellaire Inc. Sales Budget For the First Quarter Ending March 31 January 25,000 February March First Quarter Estimated units sold 30,000 45,000 100,000 rch is Prepare a sales budget for March. Prepare a production budget for March. Prepare a direct materials purchases budget for March.

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter8: Budgeting
Section: Chapter Questions
Problem 4PA: Budgeted income statement and supporting budgets for three months Bellaire Inc. gathered the...
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EX 4-4 Budgeted income statement and supporting budgets for three months Bellaire inc. gathered the following data for use in developing the budgets for the first quarter (January, February, March) of its fiscal year:

Administrative expenses (all fixed costs)... $400,000 Prepare a sales budget for March. using 40,000 units) Fixed selling expenses..... Variable selling expenses.. Prepare the following budgets using one column for each month and a total column for the first quarter, $80 selling expenses: $4 per unit $150,000 nstructions as shown for the sales budget: Bellaire Inc. Sales Budget For the First Quarter Ending March 31 January February March First Quarter Estimated units sold 25,000 30,000 45,000 100,000 rch is Prepare a production budget for March. Prepare a direct materials purchases budget for March. Prepare a direct labor cost budget for March. bor Prepare a factory overhead cost budget for March. Prepare a cost of goods sold budget for March. Prepare a selling and administrative expenses budget for March. 98
Transcribed Image Text:Administrative expenses (all fixed costs)... $400,000 Prepare a sales budget for March. using 40,000 units) Fixed selling expenses..... Variable selling expenses.. Prepare the following budgets using one column for each month and a total column for the first quarter, $80 selling expenses: $4 per unit $150,000 nstructions as shown for the sales budget: Bellaire Inc. Sales Budget For the First Quarter Ending March 31 January February March First Quarter Estimated units sold 25,000 30,000 45,000 100,000 rch is Prepare a production budget for March. Prepare a direct materials purchases budget for March. Prepare a direct labor cost budget for March. bor Prepare a factory overhead cost budget for March. Prepare a cost of goods sold budget for March. Prepare a selling and administrative expenses budget for March. 98
Estimated sales at $125 per unit: Estimated finished goods inventories: Work in process inventories are estimated to be insignificant (zero). Estimated direct materials inventories: 4 Budgeting hapter January ... February. 25,000 units March... 30,000 units April 45,000 units .. 50,000 units b. January 1.... January 31.. February 28.. March 31... 2,000 units .. 10% of next month's sales ... 10% of next month's sales .. 10% of next month's sales C. d. January 1.... January 31. 1,000 lbs. .... 1,500 lbs. February 28. March 31.. Manufacturing costs: Per Unit 2,000 lbs. .... 2,500 lbs. e. Direct materials (0.8 lb. per unit x $15 per Ib.) Direct labor (2.5 hrs. per unit x $24 per hr.) $12 60 Variable factory overhead ($1.20 per direct labor hour) Fixed factory overhead ($200,000 per month, allocated using 40,000 units) Total per-unit manufacturing costs 3. 5. $80 f. Selling expenses: Variable selling expenses... $4 per unit $150,000 Administrative expenses (all fixed costs).... $400,000 Fixed selling expenses.... Instructions Prepare the following budgets using one column for each month and a total column for the first quart as shown for the sales budget: Bellaire Inc. Sales Budget For the First Quarter Ending March 31 January February March First Quarter ated units sold 25,000 30,000 45,000 100,000 sales budget for March.
Transcribed Image Text:Estimated sales at $125 per unit: Estimated finished goods inventories: Work in process inventories are estimated to be insignificant (zero). Estimated direct materials inventories: 4 Budgeting hapter January ... February. 25,000 units March... 30,000 units April 45,000 units .. 50,000 units b. January 1.... January 31.. February 28.. March 31... 2,000 units .. 10% of next month's sales ... 10% of next month's sales .. 10% of next month's sales C. d. January 1.... January 31. 1,000 lbs. .... 1,500 lbs. February 28. March 31.. Manufacturing costs: Per Unit 2,000 lbs. .... 2,500 lbs. e. Direct materials (0.8 lb. per unit x $15 per Ib.) Direct labor (2.5 hrs. per unit x $24 per hr.) $12 60 Variable factory overhead ($1.20 per direct labor hour) Fixed factory overhead ($200,000 per month, allocated using 40,000 units) Total per-unit manufacturing costs 3. 5. $80 f. Selling expenses: Variable selling expenses... $4 per unit $150,000 Administrative expenses (all fixed costs).... $400,000 Fixed selling expenses.... Instructions Prepare the following budgets using one column for each month and a total column for the first quart as shown for the sales budget: Bellaire Inc. Sales Budget For the First Quarter Ending March 31 January February March First Quarter ated units sold 25,000 30,000 45,000 100,000 sales budget for March.
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