题目

22108 Accounting and Accountability - Spring 2025 2. PRACTICE Final Exam - 22108 - Spring 2022

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Budgeting (time recommendation: 12 minutes) You are now being asked to prepare the budget for the marketing and packaging costs, including the cash payment component. Hangry Donuts has a social media manager (Cassandra) they pay $400 per month to schedule Instagram posts and share content that Hangry Donuts has been tagged in. She is paid at the end of every month. The business also requires packaging costs of $0.20 per donut. The same packaging is used no matter which donut is sold. About 12% of donuts sold will also require a paper bag at a cost of $0.35. The business pays for 60% of the packaging costs in the month incurred, and 40% in the next month. In December, in preparation for opening, the business purchased $500 worth of goods from their packaging supplier. Required: Complete the budget by completing the table below. (each box is worth 0.2857 marks) Enter numbers to 2 decimal places. Do not use dollar signs or commas. For example, if your answer is $15.50, enter "15.50" in the box. Budget January February March Projected sales 625 950 1500 Packaging costs - donuts [Fill in the blank] [Fill in the blank] [Fill in the blank] Packaging costs - bags [Fill in the blank] [Fill in the blank] [Fill in the blank] Fixed costs [Fill in the blank] [Fill in the blank] [Fill in the blank] Total marketing and packaging budget [Fill in the blank] [Fill in the blank] [Fill in the blank] Cash budget - payments Packaging supplier - current month [Fill in the blank] [Fill in the blank] [Fill in the blank] Packaging supplier - previous month [Fill in the blank] [Fill in the blank] [Fill in the blank] Social media manager [Fill in the blank] [Fill in the blank] [Fill in the blank]

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We are given a budgeting exercise for Hangry Donuts with several components: monthly sales projections, packaging costs per donut, optional paper bags for a subset of donuts, fixed costs related to marketing (Cassandra’s salary) and packaging, and a cash payment schedule that splits packaging costs between the current and next month. There is also a December purchase of packaging goods. Since the prompt asks us to fill multiple blanks over three months (January, February, March), we need to outline how to compute each category, step by step, and show the logic that would feed the numbers shown in the answer field. Step 1: List all cost components that affect each month - Packaging costs - donuts: variable cost per donut is 0.20. This depends on projected donuts sold each month. - Packaging costs - bags: 12% of donuts require a paper bag, cost per bag is 0.35. So bag cost per month = number of donuts sold × 0.12 × 0.35. - Fixed costs: marketing (social media manager Cassandra) is a fixed $400 per month, paid at the end of the month. There are no other fixed costs listed here, so we treat Cassandra’s salary as a monthly fixed cost. - Cash timing for packaging costs: 60% of packaging costs are paid in the month incurred, 40% in the next month. This affects cash budgeting, not the expense recognition for the month’s total. - December purchase: in December, there was a purchase of $500 worth of packaging goods. This will appear in the cash budget as a current-month payment for December, and in January, we may have to carry forward any payables or consider how much of December’s balance is carried if relevant. The prompt specifies December purchases; for January’s cash budget, the December 500 would typica......Login to view full explanation