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Cost Accounting




Kenworth Company has the following projected account balances for June 30, 2014;Accounts payable $40,000 Sales $800,000;Accounts receivable 100,000 Capital stock 400,000;Depreciation, factory 24,000 Retained earnings?;Inventories (5/31 & 6/30)180,000 Cash 56,000;Direct materials used 200,000 Equipment, net 240,000;Office salaries 80,000 Buildings, net 400,000;Insurance, factory 4,000 Utilities, factory 16,000;Plant wages 140,000 Selling expenses 60,000;Bonds payable 160,000 Maintenance, factory 28,000;Required;a. Prepare a budgeted income statement for June 2014.;b. Prepare a budgeted balance sheet as of June 30, 2014;c. How do we use computer-based budgeting in sensitivity analysis?;d. Explain how the choice of the type of responsibility center affects behavior.


Paper#74227 | Written in 18-Jul-2015

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