antot Required information The following information applies to the questions displayed below) Black Diamond Company produces snow skis Each ski requires 2 pounds of carbon fiber. The company's management predicts that 6.900 skis and 7.900 pounds of carbon fiber will be in inventory on June 30 of the current year and that 169.000 skis will be sold during the next third quarter. A set of two skis sells for $490. Management wants to end the third quarter with 5.400 skis and 5,000 pounds of carbon fiber in Inventory Carbon fiber can be purchased for $18 per pound Each ski requires 0.5 hours of direct labor at $23 per hour. Variable overhead is applied at the rate of $13 per direct labor hout the company budgets foxed overhead of $1301000 for the quarter Required: 1. Prepare the third-quarter production budget for skis BLACK DIAMOND COMPANY Production Budget in units) Third Quarter Required units of available production Units to be manufactured
Required information The following information applies to the questions displayed below) Black Diamond Company produces snow skis. Each ski requires 2 pounds of carbon fiber. The company's management predicts that 6.900 skis and 7900 pounds of carbon fiber will be in inventory on June 30 of the current year and that 169.000 skis will be sold during the next (third quarter. A set of two skis sells for $490. Management wants to end the third quarter with 5,400 skis and 5.900 pounds of carbon fiber in inventory Carbon fiber can be purchased for $18 per pound. Each ski requires 0 5 hours of direct labor at $23 per hour. Variable overhead is applied at the rate of $13 per direct labor hour. The company budgets fixed overhead of $1,801,000 for the quarter 2. Prepare the third quarter direct materials (carbon fiber) budget, include the dollar cost of purchases. BLACK DIAMOND COMPANY Direct Materials Budoet Third Quarter Budgeted production Materals needed for production ) Total material requirements (bs) Deadmata to be purchased ) Budgeted cost of direct manas purchases
Required information The following information applies to the questions displayed below) Black Diamond Company produces snow skis. Each ski requires 2 pounds of carbon fiber. The company's management predicts that 6,900 skis and 7.900 pounds of carbon fiber will be in inventory on June 30 of the current year and that 169.000 skis will be sold during the next (third quarter A set of two skis sells for $490. Management wants to end the third quarter with 5.400 skis and 5.900 pounds of carbon fiber in inventory Carbon fiber can be purchased for $18 per pound. Each ski requires 0.5 hours of direct labor at $23 per hour. Variable overhead is applied at the rate of $13 per direct labor hout. The company budgets fixed overhead of $1801,000 for the quarter. 3. Prepare the direct labor budget for the third quarter BLACK DIAMOND COMPANY Direct Labor Budget Third Quarter Units to be produced Total labor hours needed Budgeted direct labor cost
Required information The following information applies to the questions displayed below) Part 44 points Black Diamond Company produces snow skis. Each ski requires 2 pounds of carbon fiber. The company's management predicts that 6,900 skis and 7,900 pounds of carbon fiber will be in inventory on June 30 of the current year and that 169,000 skis will be sold during the next (third quarter. A set of two skis sells for $490. Management wants to end the third quarter with 5,400 skis and 5,900 pounds of carbon fiber in inventory Carbon fiber can be purchased for $18 per pound. Each ski requires 0.5 hours of direct laborat $23 per hour. Variable overhead is applied at the rate of $13 per direct labor hout. The company budgets foed overhead of $1,801,000 for the quarter. 4. Prepare the factory overhead budget for the third quarter BLACK DIAMOND COMPANY Factory Overhead Budget Third Quarter Total labor hours needed
Audit Reports
Comp r ehensive Material Series Audit R eports 1) Explain why auditors’ reports are important to users of financial statements and why it is desirable to have standard wording. : Auditor's r eports a r e important to users of financial statements because they info r m users of the auditor's opinion as to whether or not the statements a r e fairly stated or whether no conclusion can be made with r ega r d to the fai r ness of their p r esentation . User s especiall y loo k fo r an y deviatio n f r o m th e wo r din g o f the standa r d unqualified r eport and the r easons and implications of such deviations. Having standa r d wo r ding imp r oves communications for the benefit of users of the auditor’s r eport. When the r e a r e departu r es f r om the standa r d wo r ding, users a r e mo r e li k e...
Comments
Post a Comment