This company manufactures bamboo picture frames that sell

Assignment Help Accounting Basics

Reference no: EM13483036

Need help with requirement 2 show how you came to the answer

Bamboo You, Inc. This company manufactures bamboo picture frames that sell for $23 each. Each frame requires 4 linear feet of bamboo, which costs $1.50 per foot. Each frame takes approximately 18 minutes to build, and the labor rate averages $9.00 per hour.

Bamboo You has the following inventory policies:

Ending finished goods inventory should be 30 percent of the next month's sales.

Ending raw materials inventory should be 30 percent of the next month's production.

Expected unit sales (frames) for the upcoming months follow:


March	280
April	260
May	310
June	390
July	370
August	450

Variable manufacturing overhead is incurred at a rate of $.30 per unit produced. Annual fixed manufacturing overhead is estimated to be $7,200 ($600 per month) for an expected production of 3,972 units for the year. Selling and administrative expenses are estimated at $670 per month plus $.60 per unit sold.

rev: 03-08-2011

Requirement 1:

Calculate the budgeted sales revenue for Bamboo You, Inc., for the second quarter (April, May, and June). Include each month as well as the quarter 2.

	April	May	June	2^nd Quarter
Budgeted sales revenue	$	$	$	$

rev: 03-08-201

Requirement 2:

Calculate the production budget for Bamboo You, Inc., for the second quarter (April, May, and June). Include each month as well as the quarter 2.

	April	May	June	2^nd Quarter
Budgeted production

Reference no: EM13483036

Questions Cloud

Its highest-grade perfume seduction and a residue that is : exotic aroma company buys bulk flowers and processes them into perfumes in a two-stage process. its highest-grade

Find an industry that generates by-products as a result of : find an industry that generates by-products as a result of creating a main product. identify what unique accounting

On january 1 2012 wilcox company purchased the bonds of : below is information regarding the investment portfolio of wilcox corp. use the straight-line method to amortize any

Laurie belk is president of better books she has no : laurie belk is president of better books. she has no accounting background. belk cannot understand why fair value is

This company manufactures bamboo picture frames that sell : need help with requirement 2 show how you came to the answer bamboo you inc. this company manufactures bamboo picture

Assume that portfolios a and b are well diversified and : assume that portfolios a and b are well diversified and that their expected rates of return are at 0.13 and 0.09

Petes pet products is a sole proprietorship owned by pete : petes pet products is a sole proprietorship owned by pete thompson. the store provides a full-line of pet products

Thatcher corporations bonds will mature in 10 years the : thatcher corporations bonds will mature in 10 years. the bonds have a face value of 1000 and an 8 coupon rate paid semi

Holding all other factors constant indicate whether each of : holding all other factors constant indicate whether each of the following signals generally good or bad news about a

User Account

All Pages