管理会计课后习题答案第7章.docVIP

Chapter 7 The Master Budget: Profit Planning Short Exercises (5 minutes) S 7-1 The budget forces managers to plan. The budget promotes coordination and communication The budget provides a benchmark. (5-10 minutes) S 7-2 List in order of preparation the items of the master budget: 7 a. Budgeted balance sheet 1 b. Sales budget 5 c. Budgeted income statement 6 d. Cash budget 3 e. Direct materials, direct labor, manufacturing overhead, and ending finished goods inventory budgets 4 f. Selling and administrative budget 2 g. Production budget  (5 minutes) S 7-3 Mountaineers Sales Budget January February Total Sales price per pair $ 165 $ 220 Number of pairs × 4,000 × 2,000 Total sales $660,000 $440,000 $1,100,000 (continues S 7-3) (35-45 minutes) S 7-4 Mountaineers Production Budget ? January February March Budgeted sales in shoes quantity (From S 7-3) 4,000 2,000 4,600 Add: Ending finished goods inventory 800 a 1,840 b 1,600 c Budgeted finished goods available 4,800 3,840 6,200 Less: Beginning finished goods inventory . 0 800 1,840 Budgeted production 4,800 3,040 4,360 __________ a0.40 × 2,000 b0.40 × 4,600 c0.40 × 4,000 (continued) S 7-4 Mountaineers Direct Materials Budget ? January February March Budgeted production 4,800 3,040 4,360 Direct materials cost per pair $ 80 $ 80 $ 80 Budgeted direct materials needed to be purchased $384,000 $243,200 $348,800 Mountaineers Direct Labor Budget ? January February March Budgeted production 4,800 3,040 4,360 Direct labor cost per pair $ 50 $ 50 $ 50 Budgeted direct labor $240,000 $152,000 $218,000 Mountaineers Manufacturing Overhead Budget ? January February March Budgeted production 4,800 3,040 4,360 Variable manufacturing overhead cost per pair* $ 40 $