A company has the following annual budget data: Beginning finished goods inventory 55,000 units Sales 85,000...
A company has the following annual budget data:
| Beginning finished goods inventory | 55,000 | units | ||
| Sales | 85,000 | units | ||
| Ending finished goods inventory | 45,000 | units | ||
| Direct materials | $ | 15 | per unit | |
| Direct labor | $ | 25 | per unit | |
| Variable factory overhead | $ | 8 | per unit | |
| Selling costs | $ | 4 | per unit | |
| Fixed factory overhead | $ | 95,000 | ||
What are total budgeted production costs for the year? (CIA
adapted)
Homework Answers
Production units = Ending inventory+Sales-Beginning inventory
Production units = 45,000+85,000-55,000 = 75,000 units
| Total Budgeted Production Cost | |
| Direct material (75,000*$15) | $1,125,000 |
| Direct labor (75,000*$25) | 1,875,000 |
| Variable factory overhead (75,000*$8) | 600,000 |
| Fixed factory overhead | 95,000 |
| Total budgeted production cost | $3,695,000 |
Add Answer to:
A company has the following annual budget data:
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