【文章內(nèi)容簡介】 upport department costs) 630,000 Maintenance (support department costs) 480,000 2,520,000 Total manufacturing operations overhead costs $ 9,000,000 Machine Setup Overhead Costs Variable costs Supplies $ 390,000 Indirect manufacturing labor 840,000 Power (support department costs) 90,000 $ 1,320,000 Fixed costs (to support capacity of 15,000 setup laborhours) Depreciation 603,000 Supervision 1,050,000 Power (support department costs) 27,000 1,680,000 Total machine setup overhead costs $ 3,000,000 Total manufacturing operations overhead costs $12,000,000 P153(192) Prepare the Operating Budget,conts. ? the following basic steps are mon for developing the operating budget for a manufacturing pany. ? Step 6: The next budget to be prepared is the ending inventories budget. This is simply a listing of the budgeted ending inventories in materials and finished goods. Units and dollar amounts are included. Workinprocess inventory is not budgeted. * * ** ** Schedule 6B: Ending Inventories Budget December 31, 2023 Quantity Cost per Unit Total Direct Materials Red Oak 80,000 $ 7 $ 560,000 Granite 20,000 10 200,000 $ 760,000 Finished Goods Casual 11,000 $384 $4,224,000 Deluxe 500 524 262,000 4,486,000 Total ending inventory $5,246,000 *Data are from p. 149(188) **Data are from ( 188). ***From Schedule 6A, this is based on 2023 costs of manufacturing finished goods because under the FIFO costing method, the units in finished goods ending inventory consists of units that are produced during 2023. P154(193) Prepare the Operating Budget,conts. Prepare the Operating Budget,conts. ? the following basic steps are mon for developing the operating budget for a manufacturing pany. ? Step 7: The cost of goods sold budget is then prepared. Most of the information for this budget has already been generated. It is simply a matter of pulling the numbers already available into a cost of goods sold format for this budget. Schedule 7: Cost of Goods Sold Budget For the Year Ending December 31, 2023 From Schedule Total Beginning finished goods inventory, $ 646,000 January 1, 2023 Given* Direct materials used 3A $ 10,280,000 Direct manufacturing labor 4 6,000,000 Manufacturing overhead 5 12,000,000 Cost of goods manufactured 28,280,000 Cost of goods available for sale 28,926,000 Deduct ending finished goods inventory, December 31, 2023 6B 4,486,000 Cost of Goods Sold $24,440,000 *Given in the description of basic data and requirements (Casual, $384,000, Deluxe $262,000). P154(193) Prepare the Operating Budget,conts. Prepare the Operating Budget,conts. ? the following basic steps are mon for developing the operating budget for a manufacturing pany. ? Step 8: The nonmanufacturing cost budget closely resembles the manufacturing overhead cost budget in form. It includes the budgeted amount for all nonmanufacturing costs the pany expects to incur for the period. As with the overhead budget, each line item represents its own budget and follows a fixed/variable separation. Schedule 8: Nonmanufacturing Costs Budget For the Year Ending December 31, 2023 Business Function Variable Costs Fixed Costs Total Costs Product Design $1,024,000 $1,024,000 Marketing (Variable cost: $38,000,000 ) $ 2,470,000 1,330,000 3,800,000 Distribution (Variable cost: $2 1,140,000 cu. ft.) $ 2,280,000 1,596,000 3,876,000 $ 4,750,000 $3,950,000 $8,700,000 P154(193) Prepare the Operating Budget,conts. Prepare the Operating Budget,conts. ? the following basic steps are mon for developing the operating budget for a manufacturing pany. ? Step 9: The budgeted, or pro forma, ine statement is prepared next. It simply follows the format of an ine statement. As with the cost of goods sold budget, many of the items for this budget have already been generated during the budget process. Stylistic Furniture Budgeted Ine Statement For the Year Ending December 31, 2023 Revenues Schedule 1 $ 38,000,000 Cost of goods sold Schedule 7 24,440,000 Gross margin 13,560,000 Operating costs Product design costs Schedule 8 $ 1,024,000 Marketing costs Schedule 8 3,800,000 Distribution costs Schedule 8 3,876,000 8,700,000 Operating ine 4,860,000 P155(194) Prepare the Operating