Murqua Enterprises manufactures many products, including wooden spoons. Each spoon requires 1.5…

Murqua Enterprises manufactures many products, including wooden spoons. Each spoon requires 1.5 feet of wood, costing $1 per foot. An assembly worker can supervise the machine carving and sanding process of 20 spoons an hour. Assembly labor is paid $9 per hour. Variable overhead is applied at a rate of $4.50 per direct labor hour, and fixed overhead is expected to be $42,500 next year. General, selling, and administrative costs allocated to the wooden spoon product line are expected to be $65,000 next year. Murqua expects to sell 90,000 spoons next year for $3.50 per spoon. At the end of the current year, there should be 15,000 spoons in finished goods inventory worth $40,125. Ending finished goods inventory next year is expected to consist of 10,000 spoons. Raw materials inventory is expected to be 12,000 feet at the end of this year, and is expected to stay constant throughout the year.

Prepare all budgets necessary to result in a budgeted income statement for next year.

Flumber, Inc., projects the following sales in units, which sell for $130 each:

Flumber’s policy is to end each month with 10% of the following month’s sales needs in finished goods inventory, and 5% of the following month’s production needs in raw materials inventory. March 1 finished goods inventory of 1,200 units is estimated to be worth $157,000. Each unit requires 10 pounds of raw material, which costs $2 per pound, and 4 hours of labor, which costs $10 per hour. Variable overhead is estimated to cost 80% of direct labor cost. Fixed costs are estimated to be $100,000 for manufacturing overhead and $280,000 in selling, general, and administrative costs per month.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
error: Content is protected !!