COST-VOLUME-PROFIT ANALYSIS参考.ppt

Part I. Recall that Hockey Den plans to sell 1,000 units in October, 800 units in November, and 1,400 units in December, for a total of 3,200 units for the quarter. The sales price is $100 per unit. Part II. Hockey Den pays $60 per unit for its merchandise. Part III. Sales commissions are 10 percent of sales revenue. Sales salaries are $2,000 per month for the three months. Part IV. Administrative salaries are $4,500 per month and equipment depreciation is $1,500 per month for the three months. Recall that even though depreciation does not result in a cash disbursement, it is an expense that is included in the income statement. Part V. Hockey Den paid $100 in interest in October and $228 in November. Part VI. Hockey Den’s income tax rate is 40 percent. Projected after tax net income for the three month period is $43,003. We can now move on to the budgeted balance sheet. Now that we have completed the income statement for the quarter, we can prepare the balance sheet. At this point, we have almost all of the information we need to prepare the balance sheet. However, we do need the account balances on your screen from September 30 to complete our work. Part I. Hockey Den ends the month of December with a cash balance of $20,000. Recall that borrowing was necessary to increase the cash balance to the $20,000 minimum desired amount. Part II. The accounts receivable balance is 60 percent of the $140,000 of credit sales for December. Part III. The ending inventory is 90 percent of January expected sales of 900 units. Hockey Den’s cost per unit for merchandise is $60. Part IV. On September 30, Hockey Den’s equipment account showed a balance of $200,000. Budgeted equipment purchases are $25,000 in the month of December. Part V. The accumulated depreciation balance on September 30 was $36,000. Depreciation expense is budgeted at $1,500 per month for the quarter. Now let’s look at the sources of the amounts in the Liabilities and Equity portions of the ba