管理会计第七章

第七章114.WellerIndustrialGasCorporationsuppliesacetyleneandothercompressedgasestoindustry.Dataregardingthestore'soperationsfollow:oSalesarebudgetedat$330,000forNovember,$300,000forDecember,and$320,000forJanuary.oCollectionsareexpectedtobe85%inthemonthofsale,14%inthemonthfollowingthesale,and1%uncollectible.oThecostofgoodssoldis60%ofsales.oThecompanypurchases80%ofitsmerchandiseinthemonthpriortothemonthofsaleand20%inthemonthofsale.Paymentformerchandiseismadeinthemonthfollowingthepurchase.oOthermonthlyexpensestobepaidincashare$21,200.oMonthlydepreciationis$21,000.oIgnoretaxes.Required:a.PrepareaScheduleofExpectedCashCollectionsforNovemberandDecember.b.PrepareaMerchandisePurchasesBudgetforNovemberandDecember.c.PrepareCashBudgetsforNovemberandDecember.d.PrepareBudgetedIncomeStatementsforNovemberandDecember.e.PrepareaBudgetedBalanceSheetfortheendofDecember.a.b.c.d.e.115.AtMarch31StreulingEnterprises,amerchandisingfirm,hadaninventoryof38,000units,andithadaccountsreceivabletotaling$85,000.Sales,inunits,havebeenbudgetedasfollowsforthenextfourmonths:Streuling'sboardofdirectorshasestablishedapolicytocommenceinAprilthattheinventoryattheendofeachmonthshouldcontain40%oftheunitsrequiredforthefollowingmonth'sbudgetedsales.Thesellingpriceis$2perunit.One-thirdofsalesarepaidforbycustomersinthemonthofthesale,thebalanceiscollectedinthefollowingmonth.Required:a.PrepareamerchandisepurchasesbudgetshowinghowmanyunitsshouldbepurchasedforeachofthemonthsApril,May,andJune.b.PrepareascheduleofexpectedcashcollectionsforeachofthemonthsApril,May,andJune.a.b.117.ClayCompanyhasprojectedsalesandproductioninunitsforthesecondquarterofthecomingyearasfollows:Cash-relatedproductioncostsarebudgetedat$5perunitproduced.Oftheseproductioncosts,40%arepaidinthemonthinwhichtheyareincurredandthebalanceinthefollowingmonth.Sellingandadministrativeexpenseswillamountto$100,000permonth.TheaccountspayablebalanceonMarch31totals$190,000,whichwillbepaidinApril.Allunitsaresoldonaccountfor$14each.Cashcollectionsfromsalesarebudgetedat60%inthemonthofsale,30%inthemonthfollowingthemonthofsale,andtheremaining10%inthesecondmonthfollowingthemonthofsale.AccountsreceivableonApril1totaled$500,000$(90,000fromFebruary'ssalesandtheremainderfromMarch).Required:a.PrepareascheduleforeachmonthshowingbudgetedcashdisbursementsfortheClayCompany.b.PrepareascheduleforeachmonthshowingbudgetedcashreceiptsforClayCompany.a.Paymentsrelatingtothepriormonth(March)inAprilrepresentthebalanceofaccountspayableatMarch31.b.118.TheDoleyCompanyhasplannedthefollowingsalesforthenextthreemonths:Salesaremade20%forcashand80%onaccount.Fromexperience,thecompanyhaslearnedthatamonth'ssalesonaccountarecollectedaccordingtothefollowingpattern:Thecompanyrequiresaminimumcashbalanceof$5,000tostartamonth.ThebeginningcashbalanceinMarchisbudgetedtobe$6,000.Required:a.ComputethebudgetedcashreceiptsforMarch.b.ThefollowingadditionalinformationhasbeenprovidedforMarch:PrepareacashbudgetingoodformforthemonthofMarch,usingthisinformationandthebudgetedcashreceiptsyoucomputedforpart(a)above.ThecompanycanborrowinanydollaramountandwillnotpayinterestuntilApril.a.b.119.AsalesbudgetisgivenbelowforoneoftheproductsmanufacturedbytheKeyCo.:Theinventoryoffinishedgoodsattheendofeachmonthshouldequal20%ofthenextmonth'ssales.However,onDecember31thefinishedgoodsinventorytotaledonly4,000units.Eachunitofproductrequiresthreespecializedelectricalswitches.SincetheproductionofthesespecializedswitchesbyKey'ssuppliersissometimesirregular,thecompanyhasapolicyofmaintaininganendinginventoryattheendofeachmonthequalto30%ofthenextmonth'sproductionneeds.ThisrequirementhadbeenmetonJanuary1ofthecurrentyear.Required:PrepareabudgetshowingthequantityofswitchestobepurchasedeachmonthforJanuary,February,andMarchandintotalforthequarter.Beginninginventory,January1:72,6000.3=21,780Endinginventory,March31:(39,0003)0.3=35,100120.OnequartergramofarareseasoningisrequiredforeachbottleofDippingOil,averypopularproductsoldthroughgourmetshopsthatisproducedbyTheLucasCompany.Thecostoftheseasoningis$16pergram.BudgetedproductionofDippingOilisgivenbelowforthesecondquarter,andthefirstmonthofthethirdquarter.Theseasoningissodifficulttogetthatthecompanymusthaveonhandattheendofeachmonth20%ofthenextmonth'sproductionneeds.Atotalof250gramswillbeonhandatthebeginningofApril.Required:Prepareadirectmaterialsbudgetfortheseasoning,bymonthandintotalforthesecondquarter.Besuretoincludeboththequantitytobepurchasedanditscostforeachmonth.121.WhitmerCorporationisworkingonitsdirectlaborbudgetforthenexttwomonths.Eachunitofoutputrequires0.05directlabor-hours.Thedirectlaborrateis$11.80perdirectlabor-hour.Theproductionbudgetcallsforproducing7,100unitsinFebruaryand6,800unitsinMarch.Required:Constructthedirectlaborbudgetforthenexttwomonths,assumingthatthedirectlaborworkforceisfullyadjustedtothetotaldirectlabor-hoursneededeachmonth.122.SthilaireCorporationisworkingonitsdirectlaborbudgetforthenexttwomonths.Eachunitofoutputrequires0.34directlabor-hours.Thedirectlaborrateis$11.10perdirectlabor-hour.Theproductionbudgetc