Accounting Managment
Cook Farm Supply Company articles and sells a pesticide alleged Snare. The afterward abstracts are accessible for advancing budgets for Snare for the first 2 abode of 2020.
1.Sales: division 1, 28,200 bags; division 2, 43,600 bags. Affairs bulk is $63 per bag.2.Direct materials: anniversary bag of Snare requires 5 pounds of Gumm at a bulk of $3.80 per batter and 6 pounds of Tarr at $1.75 per pound.3.Desired account levels:
Type of InventoryJanuary 1April 1July 1Snare (bags)8,10012,10018,100Gumm (pounds)9,10010,50013,500Tarr (pounds)14,10020,10025,500
4.Direct labor: absolute activity time is 15 account per bag at an alternate bulk of $16 per hour.5.Selling and authoritative costs are accepted to be 15% of sales additional $177,000 per quarter.6.Interest bulk is $100,000.7.Income taxes are accepted to be 30% of assets afore assets taxes.
Your assistant has able two budgets: (1) the accomplishment aerial budget shows accepted costs to be 125% of absolute activity cost, and (2) the direct abstracts account for Tarr shows the bulk of Tarr purchases to be $303,000 in division 1 and $426,500 in division 2.
(Note: Do not adapt the accomplishment aerial account or the absolute abstracts account for Tarr.)
Prepare the sales budget.
COOK FARM SUPPLY COMPANY
Sales Budget
choose the accounting aeon QuarterSix
Months12Expected assemblage salesenter a cardinal of units enter a cardinal of units enter a cardinal of units Unit affairs price$enter a dollar bulk $enter a dollar bulk $enter a dollar bulk Total sales$enter a absolute dollar bulk $enter a absolute dollar bulk $enter a absolute dollar bulk
Prepare the assembly budget.
COOK FARM SUPPLY COMPANY
Production Budget
choose the accounting aeon QuarterSix
Months12select an aperture assembly account account enter a cardinal of units enter a cardinal of units select amid accession and acknowledgment : select a assembly account account enter a cardinal of units enter a cardinal of units select a summarizing band for the aboriginal allotment enter a absolute cardinal of units for the aboriginal allotment enter a absolute cardinal of units for the aboriginal allotment select amid accession and acknowledgment : select a assembly account account enter a cardinal of units enter a cardinal of units select a closing assembly account account enter a absolute cardinal of units enter a absolute cardinal of units enter a absolute cardinal of units
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Prepare the absolute abstracts budget. (Round Bulk per batter answers to 2 decimal places, e.g. 52.70.)
COOK FARM SUPPLY COMPANY
Direct Abstracts Budget—Gumm
choose the accounting aeon QuarterSix
Months12select an aperture absolute abstracts account account enter a cardinal of units enter a cardinal of units select an account enter the bulk of pounds enter the bulk of pounds select a summarizing band for the aboriginal allotment enter a absolute bulk of pounds for the aboriginal allotment enter a absolute bulk of pounds for the aboriginal allotment select amid accession and acknowledgment : select an account enter the bulk of pounds enter the bulk of pounds select a summarizing band for the additional allotment enter a absolute bulk of pounds for the additional allotment enter a absolute bulk of pounds for the additional allotment select amid accession and acknowledgment : select an account enter the bulk of pounds enter the bulk of pounds select a summarizing band for the third allotment enter a absolute bulk of pounds for the third allotment enter a absolute bulk of pounds for the third allotment select an account $enter a dollar bulk $enter a dollar bulk select a closing absolute abstracts account account $enter a absolute dollar bulk $enter a absolute dollar bulk $enter a absolute dollar bulk
Prepare the absolute activity budget. (Enter Absolute activity time per assemblage in admeasurement to hours, e.g. for 45 account the admeasurement will be 0.75.)
COOK FARM SUPPLY COMPANY
Direct Activity Budget
choose the accounting aeon QuarterSix
Months12select an aperture activity account account enter a cardinal of units enter a cardinal of units select a activity account account enter a cardinal of hours enter a cardinal of hours select a summarizing band for the aboriginal allotment enter a absolute cardinal of hours for the aboriginal allotment enter a absolute cardinal of hours for the aboriginal allotment select a activity account account $enter a dollar bulk $enter a dollar bulk select a closing activity account account $enter a absolute dollar bulk $enter a absolute dollar bulk $enter a absolute dollar bulk
Prepare the affairs and authoritative bulk budget.
COOK FARM SUPPLY COMPANY
Selling and Authoritative Bulk Budget
choose the accounting aeon QuarterSix
Months12select an account enter a absolute cardinal of units enter a absolute cardinal of units enter a absolute cardinal of units select an account $enter a dollar bulk $enter a dollar bulk $enter a dollar bulk select an account enter a dollar bulk enter a dollar bulk enter a dollar bulk select a closing account account $enter a absolute dollar bulk $enter a absolute dollar bulk $enter a absolute dollar bulk
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Prepare the approaching multiple-step assets account for the aboriginal 6 months. (Round average calculations to 2 decimal places and final acknowledgment to 0 decimal places, e.g. 1,255.)
COOK FARM SUPPLY COMPANY
Budgeted Assets Statement
choose the accounting aeon select an assets account account $enter a dollar bulk select an assets account account enter a dollar bulk select a summarizing band for the aboriginal allotment enter a absolute bulk for the aboriginal allotment select an assets account account enter a dollar bulk select a summarizing band for the additional allotment enter a absolute bulk for the additional allotment select an assets account account enter a dollar bulk select a summarizing band for the third allotment enter a absolute bulk for the third allotment select an assets account account enter a dollar bulk select a closing name for the approaching assets account $enter a absolute net assets or accident bulk
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