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How to calculate manufacturing overhead budget and sales budget?




How to calculate manufacturing overhead budget and sales budget?;Zeller Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and $25, respectively. Because of the intense competition Zeller faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2008 are as follows.;Unit Sales;Product Quarter 1 Quarter 2;XQ- 103 20,000 25,000;XQ-104 12,000 15,000;No changes in selling prices are anticipated.;Instructions;Prepare a sales budget for the 2 quarters ending June 30, 2008. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total.;ZELLER ELECTRONICS INC.;Sales Budget;For the Six Months Ending June 30, 2008;Quarter 1;Product Units Selling Price Total Sales;XQ-103;$;$;XQ-104;Totals;$;Quarter 2;XQ-103;$;$;XQ-104;Totals;$;Six Months;XQ-103;$;$;XQ-104;Totals;$;For Justus Inc. variable manufacturing overhead costs are expected to be $20,000 in the first quarter of 2008 with $4,000 increments in each of the remaining three quarters. Fixed overhead costs are estimated to be $35,000 in each quarter. Prepare the manufacturing overhead budget by quarters and in total for the year.;JUSTUS INC.;Manufacturing Overhead Budget;For the Year Ending December 31, 2008;Quarter;1 2 3 4 Year;Variable costs $;$;$;$;$;Fixed costs;Total manuf. overhead $;$;$;$;$;Palermo Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $400,000 for April and $475,000 for May. Cost of goods sold is expected to be 60% of sales. The company's desired ending inventory is 20% of the following month's cost of goods sold. Compute the required purchases for April.;$


Paper#25514 | Written in 18-Jul-2015

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