A company has the following annual budget data: Beginning finished goods inventory 41,000 units Sales 71,000...
A company has the following annual budget data:
| Beginning finished goods inventory | 41,000 | units | ||
| Sales | 71,000 | units | ||
| Ending finished goods inventory | 31,000 | units | ||
| Direct materials | $ | 12 | per unit | |
| Direct labor | $ | 22 | per unit | |
| Variable factory overhead | $ | 6 | per unit | |
| Selling costs | $ | 3 | per unit | |
| Fixed factory overhead | $ | 81,000 | ||
What are total budgeted production costs for the year? (CIA
adapted)
Multiple Choice
-
$2,521,000.
-
$2,582,000.
-
$2,663,000.
-
$2,440,000.
Homework Answers
Answer :- Calculation of total budgeted production costs for the year :-
Total budgeted production cost = 71,000 + 31,000 - 41,000
Total budgeted production cost= 61,000*( $12 + $22 + $6) + $81,000
Total budgeted production cost = $2,440,000 + $81,000
Total budgeted production cost= $2,521,000
So the total budgeted production cost is $2,521,000.
therefore the correct answer is option A. ( $2,521,000)
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