This Website Has Been Moved to a New Link


Loading

P9-2B Urbina Inc.

Price: $2.50


Urbina Inc. is preparing its annual budgets for the year ending December 31, 2014.
Accounting assistants furnish the following data.


An accounting assistant has prepared the detailed manufacturing overhead budget and
the selling and administrative expense budget. The latter shows selling expenses of $750,000
for product LN 35 and $580,000 for product LN 40, and administrative expenses of $420,000
for product LN 35 and $380,000 for product LN 40. Income taxes are expected to be 30%.

Instructions
Prepare the following budgets for the year. Show data for each product. You do not need
to prepare quarterly budgets.
(a) Sales (d) Direct labor
(b) Production (e) Income statement
(c) Direct materials

No comments:

Post a Comment