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BA 225 week 7 Problems




Brief Exercises: BE9-3, BE9-4, BE10-2, BE10-3, BE13-1, BE13-11;Be 9-3 Sales budget data for Pallermo Company are given in BE9-2. Management desire to have an ending finished good inventory equal to 25% of the quarter's accepted unit sales. Prepare a production budget by quarters for the first six months of 2014. (BE 9-2 Palermo Company estimates that unit sales will be 10,000 in quarter 1, 12,000 in quarter 2, 15,000 quarter 3 and 18,000 in quarter 4. Using a price of $70 per unit prepare the sales budget by quarter for the year ending December 31, 2014.);Customer;BE 9-4 Perine Company has 2,000 pounds of raw materials in its December 31, 2013, ending inventory. Required production for January and February of 2014 are 4,000 and 5,000 units, respectively. Two pounds of raw materials are needed for each unit, and the estimated cost per pound is $6. Management desires an ending inventory equal to 25% of next month's materials requirements. Prepare the direct materials budget for January.;Customer;BE 10-2 Data for Maris Company are given in BE 10-1. In the second quarter, budgeted sales were $380,000, and actual sales were $384,000. Prepare a static budget report for the second quarter and for the year to date. (BE 10-1 For the quarter ended March 31, 2014, Maris Company accumulates the following sales data for its product, Garden-Tools: $310,000 budget, $305,000 actual. Prepare a static budget report for the quarter.);Customer;BE 10-3 In Paige Company, direct labor is $20 per hour. The company expects to operate at 10,000 direct labor hours each month. In January 2014, direct labor totaling $204,000 is incurred in working 10,400 hours. Prepare (a) a static budget report and (b) a flexible budget report. Evaluate the usefulness of each report.


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