Acc/561 Wk5 Wileyplus E20-2, E20-5, Be21-4, E22-5

Topics: Variable cost, Costs Pages: 4 (799 words) Published: September 3, 2011
Resource: WileyPLUS
Exercise E20-2
Exercise E20-5
Brief Exercise BE21-4
Exercise E22-5

Question 1

Zeller Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and $25, respectively. Because of the intense competition Zeller faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2010 are as follows. Unit Sales

ProductQuarter 1Quarter 2
XQ- 10320,00025,000
No changes in selling prices are anticipated.
Complete the sales budget for the 2 quarters ending June 30, 2010. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total. ZELLER ELECTRONICS INC.

Sales Budget
For the Six Months Ending June 30, 2010
Quarter 1
ProductUnitsSelling PriceTotal Sales
Totals32,000 $540,000

Quarter 2
Totals40,000 $675,000

Six Months
Totals72,000 $1,215,000

Question 2

Moreno Industries has adopted the following production budget for the first 4 months of 2011. MonthUnitsMonthUnits
January10,000 March5,000
February8,000 April4,000
Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2010, the ending raw materials inventory was 9,000 pounds. Management wants to have a raw materials inventory at the end of the month equal to 30% of next month's production requirements. Complete the direct materials purchases budget by month for the first quarter. MORENO INDUSTRIES

Direct Materials Purchases Budget
For the Quarter Ending March 31, 2011
Units to be produced10,0008,0005,000
Direct materials per unit× 3× 3× 3
Total pounds needed for production30,00024,00015,000...
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