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    Budget Exercise - Superior Bags

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    Sam Le
    Superior Bags produces and sells high-end laptop bags. The controller prepared budgets for production, direct labor, direct materials, and sales for the first quarter of 2011. The production budget was based on inventory levels and projected monthly sales. Direct labor and materials budgets were calculated based on the production budget. The sales budget projected revenues for the quarter.

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    Budget Exercise - Superior Bags

    Uploaded by

    Sam Le
    22 views1 page
    Superior Bags produces and sells high-end laptop bags. The controller prepared budgets for production, direct labor, direct materials, and sales for the first quarter of 2011. The production budget was based on inventory levels and projected monthly sales. Direct labor and materials budgets were calculated based on the production budget. The sales budget projected revenues for the quarter.

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    Superior Bags produces and sells high-end laptop bags. The controller prepared budgets for production, direct labor, direct materials, and sales for the first quarter of 2011. The production budget was based on inventory levels and projected monthly sales. Direct labor and materials budgets were calculated based on the production budget. The sales budget projected revenues for the quarter.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    22 views1 page

    Budget Exercise - Superior Bags

    Uploaded by

    Sam Le
    Superior Bags produces and sells high-end laptop bags. The controller prepared budgets for production, direct labor, direct materials, and sales for the first quarter of 2011. The production budget was based on inventory levels and projected monthly sales. Direct labor and materials budgets were calculated based on the production budget. The sales budget projected revenues for the quarter.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Superior Bags Production, labour, materials and sales budget Superior Bags makes and sells up-market carry

    bags for laptop computers. The controller, Ahmed Nashed, is responsible for preparing Superior Bags master budget, and he has assembled the date below for 2011. Superior Bags expects to have 10,000 bags in inventory at 31 December 2010, and has a policy of carrying 50% of the following months projected sales in inventory.

    Required: Prepare the following budgets for Superior Bags for the first quarter of 2011. Be sure to show supporting calculations. 1. 2. 3. 4. Production budgets in units Direct labour budgets in hours Direct materials budget Sales budget

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