ADMS 1500 Study Guide - Income Statement, Contribution Margin, Earnings Before Interest And Taxes

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27 Mar 2014
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To calculate the % year-on-year increase in sales. To average % increase to estimate sales for year 6. For year 6 add year 5 x average % (add result into year 5)= sales for 6th year. *bugeted sales revenue = units x selling price how many units he should plan to manufacture in a year(budgeted production). his units less opening inventory add closing inventory budgeted production. * if ask monthly then budgeted productin / 12. * if ask about calculate the cost of goods manufactured multiply all cost then add it and multiply it by budgeted production. * to calculate cost of goods sold total cost x sales. 50,000 (we need to produce only) xproduction budget. Dl (direct labour) = 4 x 20 = 80 $ Po (production overhead) = 4 x 10 = 40 $ 130 x 54,000 = 7,020,000 sales units (d) calculate the budgeted sales. = total budgeted unit sales x unit price.

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