Bamboo you inc this company manufactures bamboo picture

Assignment Help Accounting Basics

Reference no: EM13569745

Bamboo You, Inc. This company manufactures bamboo picture frames that sell for $23 each. Each frame requires 4 linear feet of bamboo, which costs $1.50 per foot. Each frame takes approximately 18 minutes to build, and the labor rate averages $9.00 per hour.

Bamboo You has the following inventory policies:

Ending finished goods inventory should be 30 percent of the next month's sales.

Ending raw materials inventory should be 30 percent of the next month's production.

Expected unit sales for the upcoming months follow:


March	280
April	260
May	310
June	390
July	370
August	450

Variable manufacturing overhead is incurred at a rate of $.30 per unit produced. Annual fixed manufacturing overhead is estimated to be $7,200 ($600 per month) for an expected production of 3,972 units for the year. Selling and administrative expenses are estimated at $670 per month plus $.60 per unit sold.

Requirement 1:

Calculate the budgeted sales revenue for Bamboo You, Inc., for the second quarter (April, May, and June). Include each month as well as the quarter 2. (

	April	May	June	2^nd Quarter
Budgeted sales revenue	$	$	$	$

Requirement 2:

Calculate the production budget for Bamboo You, Inc., for the second quarter (April, May, and June). Include each month as well as the quarter 2.

	April	May	June	2^nd Quarter
Budgeted production

Requirement 3:

Calculate the Raw materials purchases budget for Bamboo You, Inc., for the second quarter . Include each month as well as the quarter 2.

	April	May	June	2^nd Quarter
Budgeted cost of raw material purchases	$	$	$	$

Reference no: EM13569745

Questions Cloud

Company x sells on a 120 net 90 basis customer y buys good : company x sells on a 120 net 90 basis customer y buys good with an invoice of 2500. what is the effective annual rate

Paymore products places orders for goods equal to 75 of its : paymore products places orders for goods equal to 75 of its sales forecast in the next quarter. the sales forecasts for

Grayson bank agrees to lend the trust company 100000 on : grayson bank agrees to lend the trust company 100000 on january 1. trust company signs a 100000 8 9-month note. the

E7-1 carl warren tina chester owns and operates pinebush : e7-1 carl warren tina chester owns and operates pinebush print co. during september pinebrush print co. incurred the

Bamboo you inc this company manufactures bamboo picture : bamboo you inc. this company manufactures bamboo picture frames that sell for 23 each. each frame requires 4 linear

Food to go delivery service disposed of one of their : food to go delivery service disposed of one of their delivery cars after using it for two years. the records of the

Lst year a company reported 750000 in sales and a net : last year a company reported 750000 in sales and a net operating income of 25000. at the break even point the companys

Daba company manufactures two products product f and : daba company manufactures two products product f and product g. the company expects to produce and sell 1420 units of

Welnor industrial gas corporation supplies acetylene and : welnor industrial gas corporation supplies acetylene and other compressed gases to industry. data regarding the stores

User Account

All Pages