Esitmates fo

SoccerBoss
Category:
Accounting
Price: $125 USD

Question description


Esitmates for year 2016 2016 2015
Sales (units) increase 10%   115,000  
Sale Price (unit) increase 1%   $5.00  
       
Raw material: Price      
DM - Plasitic (lb.) $2.90   $3.00  
DM - Wheel (wheel) $0.03   $0.02  
       
Labor cost:        
wage rate (airplane) $0.60   $88,775 total
       
MOH:        
Indirect material (per airplane) $0.005      
Indirect labor (per airplane) $0.003      
utility $850      
factory depreciation $1,000   $27,000 total
       
Period cost:        
S&A expenses - variable (per airplane) $0.01      
S&A expenses - Fixed $15,000   $130,000 total
       
Finished Goods:        
beginning (units) ?      
desired ending (units) 9% of yearly sales 15,000  
       
Account receivable 25%   23%  
Account payable 25%   23%  
Tax rate 30%   30%  
Minimun bank account $50,000   $50,000  

What is the break-even in sales units for 2016?
What is the target sale in sales units for 2016 with a target profit of $200,000?      
Assuming at the beginning of 2015, the company made the plan same as 2016. Find the quantity factors and price factors for 2015:
Prepare income statement using both variable costing method and absorption costing method for 2016    
Prepare a flexible budget for 2016, with decrease 10% sales, same, and increase 10% sales      

Tutor Answer

(Top Tutor) Daniel C.
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School: UC Berkeley
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