管理会计第七章

第七章114. Weller Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the store's operations follow:o Sales are budgeted at $330,000 for November, $300,000 for December, and $320,000 for January.o Collections are expected to be 85% in the month of sale, 14% in the month following the sale, and 1% uncollectible.o The cost of goods sold is 60% of sales.o The company purchases 80% of its merchandise in the month prior to the month of sale and 20% in the month of sale. Payment for merchandise is made in the month following the purchase.o Other monthly expenses to be paid in cash are $21,200.o Monthly depreciation is $21,000.o Ignore taxes.Required:a. Prepare a Schedule of Expected Cash Collections for November and December.b. Prepare a Merchandise Purchases Budget for November and December.c. Prepare Cash Budgets for November and December.d. Prepare Budgeted Income Statements for November and December.e. Prepare a Budgeted Balance Sheet for the end of December.a.b.c.d.e.115. At March 31 Streuling Enterprises, a merchandising firm, had an inventory of 38,000 units, and it had accounts receivable totaling $85,000. Sales, in units, have been budgeted as follows for the next four months:Streuling's board of directors has established a policy to commence in April that the inventory at the end of each month should contain 40% of the units required for the following month's budgeted sales.The selling price is $2 per unit. One-third of sales are paid for by customers in the month of the sale, the balance is collected in the following month.Required:a. Prepare a merchandise purchases budget showing how many units should be purchased for each of the months April, May, and June.b. Prepare a schedule of expected cash collections for each of the months April, May, and June.a.117. Clay Company has projected sales and production in units for the second quarter of the coming year as follows:Cash-related production costs are budgeted at $5 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $100,000 per month. The accounts payable balance on March 31 totals $190,000, which will be paid in April.All units are sold on account for $14 each. Cash collections from sales are budgeted at 60% in the month of sale, 30% in the month following the month of sale, and the remaining 10% in the second month following the month of sale. Accounts receivable on April 1 totaled $500,000 $(90,000 from February's sales and the remainder from March).Required:a. Prepare a schedule for each month showing budgeted cash disbursements for the Clay Company.b. Prepare a schedule for each month showing budgeted cash receipts for Clay Company.Payments relating to the prior month (March) in April represent the balance of accounts payable at March 31.b.118. The Doley Company has planned the following sales for the next three months:Sales are made 20% for cash and 80% on account. From experience, the company has learned that a month's sales on account are collected according to the following pattern:The company requires a minimum cash balance of $5,000 to start a month. The beginning cash balance in March is budgeted to be $6,000.Required:a. Compute the budgeted cash receipts for March.b. The following additional information has been provided for March:Prepare a cash budget in good form for the month of March, using this information and the budgeted cash receipts you computed for part (a) above. The company can borrow in any dollar amount and will not pay interest until April.a.b.119. A sales budget is given below for one of the products manufactured by the Key Co.:The inventory of finished goods at the end of each month should equal 20% of the next month's sales. However, on December 31 the finished goods inventory totaled only 4,000 units.Each unit of product requires three specialized electrical switches. Since the production of these specialized switches by Key's suppliers is sometimes irregular, the company has a policy of maintaining an ending inventory at the end of each month equal to 30% of the next month's production needs. This requirement had been met on January 1 of the current year.Required:Prepare a budget showing the quantity of switches to be purchased each month for January, February, and March and in total for the quarter.Beginning inventory, January 1: 72,600 0.3 = 21,780Ending inventory, March 31: (39,000 3) 0.3 = 35,100120. One quarter gram of a rare seasoning is required for each bottle of Dipping Oil, a very popular product sold through gourmet shops that is produced by The Lucas Company. The cost of the seasoning is $16 per gram. Budgeted production of Dipping Oil is given below for the second quarter, and the first month of the third quarter.The seasoning is so difficult to get that the company must have on hand at the end of each month 20% of the next month's production needs. A total of 250 grams will be on hand at the beginning of April.Required:Prepare a direct materials budget for the seasoning, by month and in total for the second quarter. Be sure to include both the quantity to be purchased and its cost for each month.121. Whitmer Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.05 direct labor-hours. The direct labor rate is $11.80 per direct labor-hour. The production budget calls for producing 7,100 units in February and 6,800 units in March.Required:Construct the direct labor budget for the next two months, assuming that the direc t labor work force is fully adjusted to the total direct labor-hours needed each month.122. Sthilaire Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.34 direct labor-hours. The direct labor rate is $11.10 per direct labor-hour. The production budget calls for producing 8,000 units in April and 8,300 units in May. The company guarantees its direct labor workers a 40-hour paid work week. With the number of workers currently employed, that means that the company is committed to paying its direct labor work force for at least 2,840 hours in total each month even if there is not enough work to keep them busy.Required:Construct the direct labor budget for the next two months.123. Brockney Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is $8.60 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $107,970 per month, which includes depreciation of $9,760. All other fixed manufacturing overhead costs represent current cash flows. The July direct labor budget indicates that 6,100 direct labor-hours will be required in that month.Required:a. Determine the cash disbursement for manufacturing overhead for July.b. Determine the predetermined overhead rate for July.a.b.127. Romeiro Corporation is preparing its cash budget for September. The budgeted beginning cash balance is $46,000. Budgeted cash receipts total $160,000 and budgeted cash disbursements total $152,000. The desired ending cash balance is $70,000. The company can borrow up to $120,000 at any time from a local bank, with interest not due until the following month. Required:Prepare the company's cash budget for September in good form.。