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Student Name:
Class:
2,850,000$
168,000$
142,400
3,113,625$
178,752$
121,752
Manufacturing costs:
Materials
Variable cash costs
Problem 13-47
McGraw-Hill/Irwin
Instructor
Sales revenue (200,000 units)
Data from Year 1
PEPPER PRODUCTS
Budgeted Income Statement
For Year 2
Pepper Products
Sales revenue
Manufacturing costs:
Materials
Other variable costs
2,850,000$
168,000$
142,400
5%
PEPPER PRODUCTS
Given Data P13-47:
Year 1 information:
Sales revenues (200,000 units)
Manufacturing costs
Materials
Variable cash costs
Percentage decrease in sales volume
Year 2 expectations
Additional Information:
Student Name:
Class:
2,500,000$
423,700$
2,781,000$
457,920$
Problem 13-49
McGraw-Hill/Irwin
Instructor
Manufacturing costs:
Sales Revenue
Data from Year 1
GULF STATES MANUFACTURING
Operating profits
Sales Revenue
Budgeted Income Statement
For Year 2
Gulf States Manufacturing
Manufacturing costs:
Materials
2,500,000$
400,000$
545,000
29,100$
42,000$
GULF STATES MANUFACTURING
Year 1 information:
Sales Revenue (37,500 units)
Manufacturing costs
Materials
Variable cash costs
Given Data P13-49:
Annual depreciation on new equipment acquired in year 2
Year 2 expectations
Annual depreciation on old manufacturing equipment
Additional Information:
Student Name:
Class:
4.00
540,000
3,024,000$
Instructor
McGraw-Hill/Irwin
Problem 13-51
ECOSACKS
Direct Materials per bag:
1.0 yard cotton at $4 per yard
EcoSacks
Production Budget
Coming Year
Expected sales
Estimate of costs:
Direct materials:
Cotton
1.00
4.00$
600,000
ECOSACKS
Given Data P13-51:
Additional Information:
Bag production cost data:
Direct materials per bag:
Yards of cotton
Cost of cotton per yard
Normal annual production in units
Student Name:
Class:
766,500 «- Correct!
173,842,200$
Instructor
McGraw-Hill/Irwin
Problem 13-55
HOMESUITES
Number of nights (Year 1)
Calculations of Variable Costs per Night and Property:
Operating Income
HomeSuites
Year 2
Sales Revenue
Lodging
Costs
137,970,000$
15
200
400,000$
3
70%
Given Data P13-55:
HOMESUITES
Sales Revenue
Lodging
Number of properties in chain
Average number of rooms in each property
Operating Income
Year 1
to number of nights
Food & Beverage and miscellaneous costs
variable with respect to number of nights
Utilities & depreciation fixed for each property
Management, marketing and other costs are
fixed for the firm
Year 2 Expectations and Assumptions:
Number of new properties to be opened
Expected occupancy rate
Average fixed labor cost per property
Remaining labor costs variable with respect
Student Name:
Class:
46,620,000$
14,191,200
178,704,000$
21,024,000
Instructor
McGraw-Hill/Irwin
Problem 13-56
Food & beverage
Lodging
HomeSuites
Operating Income
Year 2
Costs
Labor
a. High Price Strategy
b. High Occupancy Strategy
HomeSuites
Operating Income
Year 2
Sales Revenue
Sales Revenue
Food & beverage
44,325,000$
15
400,000$
3
70%
Labor
Given Data P13-56:
HOMESUITES
Operating Income
Year 1
Costs
Number of properties in chain
Year 1 Information:
Average fixed labor cost per property
Year 2 Expectations and Assumptions:
Number of new properties to be opened
Expected occupancy rate
Year 2 Pricing Strategies:
Student Name:
Class:
1,800,000$ 2,400,000$
Marketing:
Revenue:
Sales revenue
Instructor
McGraw-Hill/Irwin
Problem 13-58
(Year 1)
December 31,
For the Year Ended
Actual
PANTHER CORPORATION
Budgeted Income Statement
Budgeted
For the Year Ended
December 31,
(in thousands)
(Year 2)
Correct!
180,000
NOTES:
1,440,000$
2,436,000$
2,028,000$
Correct!
Budgeted
December 31,
PANTHER CORPORATION
Budgeted Balance Sheet
(in thousands)
Current Liabilities
Accounts payable
Current Assets
Cash
Year 2
Computation of ending inventory:
Cost of goods sold, year 1
Computation of ending retained earnings:
Computation of income tax:
Sales and other income
Cost of goods sold
432,800$
Expected beginning balance
4,800$
852,000
872,000
520,000
1,800,000$
For the Budget Year Ended December 31, Year 1
Statement of Income and Retained Earnings
PANTHER CORPORATION
Materials
Direct labor
Variable overhead
Manufacturing costs
Given Data P13-58:
Cash
PANTHER CORPORATION
Expected Account Balances for December 31, Year 2
Revenues
Sales revenue
50,400
402,400
Beginning retained earnings
Operating profit
