Name Chapter 22 817

EXERCISE 22-1

a.

A B C D E 1 BRITNEY LOGAN 2 Cash Budget 3 For the Four Months Ending December 31, 2010 4 September October November December 5 6 7 8 9

10 11 12 13 14 15 16 17 18 19

b.

c.

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818 Name Chapter 22

EXERCISE 22-2

A B C D 1 AGENTBLAZE 2 Flexible Selling and Administrative Expenses Budget 3 For the Month Ending January 31, 2010 4 5 6 7 8 9

10 11 12 13 14 15 16 17 18 19 20 21 22 23

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Name Chapter 22 819

EXERCISE 22-3

a.

A B C D 1 NELL COMPANY—MACHINING DEPARTMENT 2 Flexible Production Budget 3 For the Three Months Ending March 31, 2010 4 January February March 5 6 7 8 9

10 11 12 13 14 15 16 17 18 19 20 21 22

b.

JANUARY FEBRUARY MARCH

Comparison suggests . . .

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820 Name Chapter 22

EXERCISE 22-4

A B C D 1 STEELCASE INC.—FABRICATION DEPARTMENT 2 Flexible Production Budget 3 October 2010 4 (assumed data) 5 6 7 8

9

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

EXERCISE 22-5

A B C 1 ACCU-WEIGHT, INC. 2 Production Budget 3 For the Month Ending May 31, 2011 4 Units 5 Small Scale Large Scale 6 7 8 9

10 11 12 13

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Name Chapter 22 821

EXERCISE 22-6

a.

A B C D 1 HARMONY AUDIO COMPANY 2 Sales Budget 3 For the Month Ending September 30, 2009

4 Product and Area

Unit Sales Volume

Unit Selling Price Total Sales

5 6 7 8 9

10 11 12 13 14

b.

A B C 1 HARMONY AUDIO COMPANY 2 Production Budget 3 For the Month Ending September 30, 2009 4 Units 5 Model DL Model XL 6 7 8 9

10 11 12 13

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822 Name Chapter 22

EXERCISE 22-7

A B C D 1 ROBERTS AND CHOU, CPAs 2 Professional Fees Earned Budget 3 For the Year Ending December 31, 2010

Billable Hourly Total 4 Hours Rate Revenue

5 6 7 8 9

10 11 12 13 14 15 16 17 18 19

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Name Chapter 22 823

EXERCISE 22-8

A B C 1 ROBERTS AND CHOU, CPAs 2 Professional Labor Cost Budget 3 For the Year Ending December 31, 2010 4 Staff Partners 5 6 7 8 9

10 11 12

EXERCISE 22-9

A B C D E 1 MARINO’S FROZEN PIZZA INC. 2 Direct Materials Purchases Budget 3 For the Month Ending April 30, 2010 4 Dough Tomato Cheese Total 5 6 7 8 9

10 11 12 13 14 15 16 17 18 19 20 21 22

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824 Name Chapter 22

EXERCISE 22-10

A B C D 1 COCA-COLA ENTERPRISES—DALLAS PLANT 2 Direct Materials Purchases Budget 3 For the Month Ending March 31, 2010 4 (assumed data) 5 Concentrate 2-Liter Bottles Carbonated Water 6 7 8 9

10 11 12 13 14 15 16 17 18 19 20

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Name Chapter 22 825

EXERCISE 22-11

A B C D 1 SURE GRIP TIRE COMPANY 2 Direct Materials Purchases Budget 3 For the Year Ending December 31, 2010 4 Rubber Steel Belts Total 5 6 7 8 9

10 11 12 13 14 15 16 17 18 19

EXERCISE 22-12

A B C 1 HAMMER RACKET COMPANY 2 Direct Labor Cost Budget 3 For the Month Ending October 31, 2010

Forming Assembly 4 Department Department

5 6 7 8 9

10 11 12 13 14 15 16

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826 Name Chapter 22

EXERCISE 22-13

A B C 1 SLEEP-EZ SUITES, INC. 2 Direct Labor Cost Budget 3 For a Weekday or a Weekend Day 4 Weekday Weekend Day 5 6 7 8 9

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

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Name Chapter 22 827

EXERCISE 22-14

a.

A B C 1 LEVI STRAUSS & CO. 2 Production Budget 3 January 2010 4 (assumed data) 5 Dockers® 501 Jeans® 6 7 8 9

10 11 12 13

b.

A B C D E F 1 LEVI STRAUSS & CO. 2 Direct Labor Cost Budget 3 January 2010 4 (assumed data) 5 Inseam Outerseam Pockets Zipper Total 6 7 8 9

10 11 12 13 14 15 16 17 18 19 20 21

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828 Name Chapter 22

EXERCISE 22-15

A B C 1 VENUS CANDY COMPANY 2 Factory Overhead Cost Budget 3 For the Month Ending September 30, 2010 4 5 6 7 8 9

10 11 12 13 14 15 16

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Name Chapter 22 829

EXERCISE 22-16

A B C D 1 DELEWARE CHEMICAL COMPANY 2 Cost of Goods Sold Budget 3 For the Month Ending September 30, 2011 4

5 6 7 8 9

10 11 12 13 14 15 16 17 18 19

20 21 22 23 24 25 26 27 28

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830 Name Chapter 22

EXERCISE 22-17

A B C D 1 SWISS CERAMICS INC. 2 Cost of Goods Sold Budget 3 For the Month Ending June 30, 2010 4

5 6 7 8 9

10 11 12 13 14 15 16 17 18 19

20 21 22 23

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Name Chapter 22 831

EXERCISE 22-18

A B C D 1 PETJOY WHOLESALE INC. 2 Schedule of Collections from Sales 3 For the Three Months Ending July 31, 2008 4 May June July 5

6 7 8 9

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

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832 Name Chapter 22

EXERCISE 22-19

A B C D 1 OFFICE MATE SUPPLIES INC. 2 Schedule of Collections from Sales 3 For the Three Months Ending October 31, 2010 4 August September October 5

6 7 8 9

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

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Name Chapter 22 833

EXERCISE 22-20

A B C D 1 EXCEL LEARNING SYSTEMS INC. 2 Schedule of Cash Payments for Selling and Administrative Expenses 3 For the Three Months Ending August 31, 2010 4 June July August 5

6 7 8 9

10 11 12 13 14 15 16 17 18 19

EXERCISE 22-21

A B C D 1 REJUVENATION PHYSICAL THERAPY INC. 2 Schedule of Cash Payments for Operations 3 For the Three Months Ending September 30, 2011 4 July August September 5 6 7 8 9

10 11 12 13 14 15 16

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834 Name Chapter 22

EXERCISE 22-22

A B C D E 1 GARDENEER TOOLS INC. 2 Capital Expenditures Budget 3 For the Four Years Ending December 31, 2010–2013 4 2010 2011 2012 2013 5

6 7 8 9

10 11 12 13 14 15 16 17 18 19

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Name Chapter 22 835

PROBLEM 22-1 ___

1.

UNIT SALES, YEAR ENDED 2010 INCREASE (DECREASE) ACTUAL OVER BUDGET

BUDGET ACTUAL SALES AMOUNT PERCENT

2.

2010

ACTUAL UNITS

PERCENTAGE INCREASE

(DECREASE)

2011 BUDGETED

UNITS (ROUNDED)

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836 Name Chapter 22

PROBLEM 22-1 ___, Concluded

3. A B C D 1 2 Sales Budget 3

Unit Sales Unit Selling 4 Product and Area Volume Price Total Sales

5 6 7 8 9

10 11 12 13 14 15 16 17 18 19

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Name Chapter 22 837

PROBLEM 22-2 ___

1. A B C D 1 2 Sales Budget 3

Unit Sales Unit Selling 4 Product and Area Volume Price Total Sales

5 6 7 8 9

10 11 12 13 14 15 16 17 18 19

2. A B C 1 2 Production Budget 3 4 Units 5 6 7 8 9

10 11 12 13 14 15

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838 Name Chapter 22

PROBLEM 22-2 ___, Continued 3.

A B C D E F 1 2 Direct Materials Purchases Budget 3

4

5 6 7 8 9

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

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Name Chapter 22 839

This edition is intended for use outside of the U.S. only, with content that may be different from the U.S. Edition. This may not be resold, copied, or distributed without the prior consent of the publisher.

PROBLEM 22-2 ___, Concluded 4.

A B C D E 1 2 Direct Labor Cost Budget 3

4 ___________Department

__________Department

__________ Department

Total

5 6 7 8 9

10 11 12 13 14 15 16 17 18 19

840

This Page Not Used.

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Name Chapter 22 841

PROBLEM 22-3 ___

1. A B C D 1 2 Sales Budget 3

Unit Sales Unit Selling 4 Volume Price Total Sales

5 6 7 8 9

10 11 12 13 14

2. A B C 1 2 Production Budget 3 4 Units

5

6 7 8 9

10 11 12 13 14 15

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842 Name Chapter 22

PROBLEM 22-3 ___, Continued

3. A B C D 1 2 Direct Materials Purchases Budget 3 4 Total 5 6 7 8 9

10 11 12 13 14 15 16 17 18 19

4. A B C D 1 2 Direct Labor Cost Budget 3

4 ____________ Department

____________ Department Total

5 6 7 8 9

10 11 12 13 14 15 16

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Name Chapter 22 843

PROBLEM 22-3 ___, Continued

5. A B C 1 2 Factory Overhead Cost Budget 3 4 5 6 7 8 9

10 11 12 13 14 15 16 17 18

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844 Name Chapter 22

PROBLEM 22-3 ___, Continued

6. A B C D 1 2 Cost of Goods Sold Budget 3 4

5 6 7 8 9

10 11 12 13 14 15 16 17 18 19

20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38

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Name Chapter 22 845

PROBLEM 22-3 ___, Continued

7. A B C 1 2 Selling and Administrative Expenses Budget 3 4 5 6 7 8 9

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38

This edition is intended for use outside of the U.S. only, with content that may be different from the U.S. Edition. This may not be resold, copied, or distributed without the prior consent of the publisher.

846 Name Chapter 22

PROBLEM 22-3 ___, Concluded

8. A B C 1 2 Budgeted Income Statement 3 4 5 6 7 8 9

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38

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Name Chapter 22 847

PROBLEM 22-4 ___

1. A B C D 1 2 Cash Budget 3 4 5 6 7 8 9

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46

This edition is intended for use outside of the U.S. only, with content that may be different from the U.S. Edition. This may not be resold, copied, or distributed without the prior consent of the publisher.

848 Name Chapter 22

PROBLEM 22-4 ___, Concluded

2.

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Name Chapter 22 849

PROBLEM 22-5 ___

1.

A B C D 1 2 Budgeted Income Statement 3 For the Year Ending December 31, 2011 4

5 6 7 8 9

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40

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850 Name Chapter 22

This edition is intended for use outside of the U.S. only, with content that may be different from the U.S. Edition. This may not be resold, copied, or distributed without the prior consent of the publisher.

PROBLEM 22-5 ___, Concluded

2.

A B C D 1 2 Budgeted Balance Sheet 3 4

5 6 7 8 9

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42