TB MC Qu. 8-137 Fuson Corporation makes one product and has ...
Fuson Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations:
Budgeted selling price per unit | $ | 118 |
Budgeted unit sales (all on credit): | ||
October | 9,600 | |
November | 10,100 | |
December | 13,700 | |
January | 11,300 | |
Raw materials requirement per unit of output | 3 | pounds | |
Raw materials cost | $ | 4.00 | per pound |
Direct labor requirement per unit of output | 2.7 | direct labor-hours | |
Direct labor wage rate | $ | 23.00 | per direct labor-hour |
Predetermined overhead rate (all variable) | $ | 12.00 | per direct labor-hour |
Credit sales are collected:
30% in the month of the sale
70% in the following month
Raw materials purchases are paid:
30% in the month of purchase
70% in the following month
The ending finished goods inventory should equal 10% of the following month's sales. The ending raw materials inventory should equal 10% of the following month’s raw materials production needs.
The estimated finished goods inventory balance at the end of November is closest to: (Round your intermediate calculations to 2 decimal places.)
November ending finished goods inventory units = 10% * December month's budgeted unit sales = 10% * 13700 units | 1370 | units |
November | |
Cost of raw materials ( 1370 units * 3 pounds * $4.00 ) | $ 16,440 |
Cost of direct labor ( 1370 units * 2.7 hours * $23.00 ) | $ 85,077 |
Cost of overhead ( 1370 units * 2.7 hours * $12.00 ) | $ 44,388 |
Estimated finished goods inventory balance at the end of November | $ 145,905 |
TB MC Qu. 8-137 Fuson Corporation makes one product and has ... Fuson Corporation makes one...
TB MC Qu. 8-103 Rokosz Corporation makes one product and ... Rokosz Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: The budgeted selling price per unit is $104. Budgeted unit sales for October, November, December, and January are 6,900, 7,100, 11,300, and 15,300 units, respectively. All sales are on credit. Regarding credit sales, 30% are collected in the month of the sale and 70% in...
TB MC Qu. 8-112 Sevenbergen Corporation makes one product ... Sevenbergen Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit $ 92 Budgeted unit sales (all on credit): July 9,000 August 11,300 September 10,400 October 10,800 Raw materials requirement per unit of output 4 pounds Raw materials cost $ 1.00 per pound Direct labor requirement per unit of output 2.8 direct...
47) Fuson Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: 118 Budgeted selling price per unit Budgeted unit sales (all on credit): October November December January 9,600 10,100 13,700 11,300 3 pounds 4.00 per pound 2.7 direct labor-hours $ 23.00 per direct labor-hour $ 12.00 per direct labor-hour Raw materials requirement per unit of output Raw materials cost Direct labor requirement per unit of output...
Fuson Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit $ 118 Budgeted unit sales (all on credit): October 9,600 November 10,100 December 13,700 January 11,300 Raw materials requirement per unit of output 3 pounds Raw materials cost $ 4.00 per pound Direct labor requirement per unit of output 2.7 direct labor-hours Direct labor wage rate $ 23.00 per direct labor-hour...
TB MC Qu. 8-149 Petrini Corporation makes one product ... Petrini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: The budgeted selling price per unit is $110. Budgeted unit sales for January, February, March, and April are 7,500, 10,600, 12,000, and 11,700 units, respectively. All sales are on credit. Regarding credit sales, 30% are collected in the month of the sale and 70% in the...
TB MC Qu. 8-146 Petrini Corporation makes one product ... Petrini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: a. The budgeted selling price per unit is $110. Budgeted unit sales for January, February, March, and April are 7,500, 10,600, 12,000, and 11,700 units, respectively. All sales are on credit. b. Regarding credit sales, 30% are collected in the month of the sale and 70%...
TB MC Qu. 8-106 Michard Corporation makes one product and ... Michard Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: The budgeted selling price per unit is $125. Budgeted unit sales for April, May, June, and July are 7,600, 10,500, 13,800, and 12,900 units, respectively. All sales are on credit. Regarding credit sales, 20% are collected in the month of the sale and 80% in...
Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit $ 97 Budgeted unit sales (all on credit): January 10,000 February 12,000 March 13,300 April 15,200 Raw materials requirement per unit of output 4 pounds Raw materials cost $ 1.00 per pound Direct labor requirement per unit of output 2.5 direct labor-hours Direct labor wage rate $ 23.00 per direct labor-hour...
Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit $ 97 Budgeted unit sales (all on credit): January 10,000 February 12,000 March 13,300 April 15,200 Raw materials requirement per unit of output 4 pounds Raw materials cost $ 1.00 per pound Direct labor requirement per unit of output 2.5 direct labor-hours Direct labor wage rate $ 23.00 per direct labor-hour...
Rokosz Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: a. The budgeted selling price per unit is $104. Budgeted unit sales for October, November, December, and January are 6,900, 7,100, 11,300, and 15,300 units, respectively. All sales are on credit b. Regarding credit sales, 30% are collected in the month of the sale and 70% in the following month. C. The ending finished goods inventory...