Sweeny Todd Kitchen Products produces and sells upscale mixers and… Sweeny Todd Kitchen

Sweeny Todd Kitchen Products produces and sells upscale mixers and… Sweeny Todd Kitchen Products produces and sells upscale mixers and bread-makers. In November 2019, Sweeny Todd’s budget department gathered the following data to meet budget requirements for 2021.  2021 PROJECTED SALES ProductUnitsPriceMixers60,000$90Breadmakers40,000140  2021 INVENTORIES  Product Expected1/1/2021Cost1/1/2021 Desired 12/31/2021Mixers15,000 units$750,000 20,000 unitsBreadmakers4,000 units$320,000 5,000 units  To produce one unit of each product, the following major internal components are used (in addition to the plastic housing for products, which is subcontracted in a subsequent operation):  ComponentMixerBreadmakerMotor11Beater24Fuse23  Projected data for 2021 with respect to components are as follows:  Anticipated Purchase PriceExpected Inventory 1/1/2021Desired Inventory 12/31/2021Motor$182,000 units3,600 unitsBeater1.7521,000 units24,000 unitsFuse2.406,000 units7,500 units  Projected direct labor requirements for 2021 and rates are as follows:  ProductHours per UnitRate per hourMixers25.8Breadmakers310 Overhead is applied at a rate of $7.50 per direct labor hour.  Based on these projections and budget requirements for 2021 for mixers and breadmakers, prepare the following budgets for 202 1. Sales budget (in dollars) (2 pts) 2. Production budget (in units) (3pts) 3. Direct Material Usage budget (units and in dollars) (3 pts) 4, Direct labor budget (in dollars) (3 pts) 5. Manufacturing Overhead budget (3 pts) 5. Budgeted total cost per unit of each product (3 pts) 6. Ending inventory budget (3 pts) 7. budgeted cost of goods sold (3 pts) Accounting Business Managerial Accounting ACCT 125 Share QuestionEmailCopy link