Homework Answers
Unit product cost = $57.13
| Budgeted ending inventory | $ 36,563.20 |
Working
| Direct material | $ 14.00 |
| Direct labor (1.9 x $20) | $ 38.00 |
| Variable Manufacturing overhead (1.9 x $1.3) | $ 2.47 |
| Fixed manufacturing overhead (1.9 x $1.4) | $ 2.66 |
| Total cost per unit | $ 57.13 |
| Multiplied by Units in ending Inventory | 640 |
| Budgeted ending inventory | $ 36,563.20 |
Add Answer to:
Preparing an Ending Finished Goods Inventory Budget Andrews Company manufactures a line of office chairs. Each...
Preparing a Cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each chair takes $20 o...
Preparing a Cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each chair takes $20 of direct materials and uses 1.9 direct labor hours at $12 per direct labor hour. The variable overhead rate is $1.20 per direct labor hour, and the forced overhead rate is $1.40 per direct labor hour. Andrews Company expects to produce 20,000 chairs next year and expects to have 610 chairs in ending inventory. There is no beginning inventory of chairs....
Preparing a cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each...
Preparing a cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each chair takes $18 of direct materials and uses 1.9 direct labor hours at $18 per direct labor hour. The variable overhead rate is $1.20 per direct labor hour, and the fixed overhead rate is $1.80 per direct labor hour. Andrews Company expects to produce 20,000 chairs next year and expects to have 670 chairs in ending inventory. There is no beginning inventory of chairs....
Preparing a Cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each...
Preparing a Cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each chair takes $14 of direct materials and uses 1.9 direct labor hours at $16 per direct labor hour. The variable overhead rate is $1.20 per direct labor hour, and the fixed overhead rate is $1.60 per direct labor hour. Andrews expects to produce 20,000 chairs next year and expects to have 675 chairs in ending inventory. There is no beginning inventory of office chairs....
Preparing a cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each charake 14 of dire...
Preparing a cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each charake 14 of direct materials and uses 19 hours 520 perc labor hour. The variable overhead rate is $1.20 per director hour, and the end over and most o per director hout Andrews Com expects to produce 20,000 chairs next year and expects to have 500 chairs in ending in there is no beginning inventory Required: Prepare a cost of goods sold budget for...
Preparing a cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each charake 14 of dire...
Preparing a cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each charake 14 of direct materials and uses 19 hours 520 perc labor hour. The variable overhead rate is $1.20 per director hour, and the end over and most o per director hout Andrews Com expects to produce 20,000 chairs next year and expects to have 500 chairs in ending in there is no beginning inventory Required: Prepare a cost of goods sold budget for...
Ending Finished Goods Inventory Budget Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has...
Ending Finished Goods Inventory Budget Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs: Direct materials $1.65 Direct labor 0.60 Variable overhead 0.75 Fixed overhead 1.80 Total unit cost $4.80 For the coming year, Play-Disc expects to make 320,000 plastic discs, and to sell 305,000 of them. Budgeted beginning inventory in units is 20,000 with unit cost of $4.80. (There are no beginning or ending inventories of work in process.) Required: 1. Prepare an...
The company plans for finished goods inventory of 220 units at the end of June. In...
The company plans for finished goods inventory of 220 units at
the end of June. In addition, each finished unit requires 5 pounds
of direct materials and the company wants to end each month with
direct materials inventory equal to 20% of next month’s production
needs. Beginning direct materials inventory for April was 540
pounds. Direct materials cost $2 per pound. Each finished unit
requires 0.60 hours of direct labor at the rate of $12 per hour.
The company budgets...
Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information...
Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Standard Quantity Standard Price Standard Unit Cost Direct materials (Plastic) 10 Sq Ft 0.82 per square feet 8.20 Direct Labor 0.25 hr 10.20 per hours 2.55 VMOH 0.25 hr 1.40 per hour 0.35 Fixed MOH 0.30 Number of Units Produced and Sold 1,020,000 Number of square feet of Plastic used 11,000,000 Cost of Plastic Purchased and used 8,800,000 Number of...
Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information...
Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Standard Quantity Standard Price (Rate) Standard Unit Cost Direct materials (plastic) 9 sq ft. $ 1.30 per sq. ft. $ 11.70 Direct labor 0.3 hr. $ 13.50 per hr. 4.05 Variable manufacturing overhead (based on direct labor hours) 0.3 hr. $ 1.30 per hr. 0.39 Fixed manufacturing overhead $619,080 ÷ 938,000 units) 0.66 Parker Plastic had the following actual results...
finished goods inventory budget Ending Finished Goods inventory Budget Item Quanity Cost Total pounds production cost...
finished goods inventory budget
Ending Finished Goods inventory Budget Item Quanity Cost Total pounds production cost per case direct materials direct labor manufacturing over head unit product cost Ending Finished Goods inventory Budget Item Quanity Cost Total pounds production cost per case direct materials direct labor manufacturing over head unit product cost Budgeted finished goods inventory: ending finished goods inventory in cases unit product cost endine finished poods inventory in dollars Desired ending FG inventory at year end 12,000 cases...
Preparing a Cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each chair takes $20 of direct materials and uses 1.9 direct labor hours at $12 per direct labor hour. The variable overhead rate is $1.20 per direct labor hour, and the forced overhead rate is $1.40 per direct labor hour. Andrews Company expects to produce 20,000 chairs next year and expects to have 610 chairs in ending inventory. There is no beginning inventory of chairs....
Preparing a cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each chair takes $18 of direct materials and uses 1.9 direct labor hours at $18 per direct labor hour. The variable overhead rate is $1.20 per direct labor hour, and the fixed overhead rate is $1.80 per direct labor hour. Andrews Company expects to produce 20,000 chairs next year and expects to have 670 chairs in ending inventory. There is no beginning inventory of chairs....
Preparing a Cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each chair takes $14 of direct materials and uses 1.9 direct labor hours at $16 per direct labor hour. The variable overhead rate is $1.20 per direct labor hour, and the fixed overhead rate is $1.60 per direct labor hour. Andrews expects to produce 20,000 chairs next year and expects to have 675 chairs in ending inventory. There is no beginning inventory of office chairs....
Preparing a cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each charake 14 of direct materials and uses 19 hours 520 perc labor hour. The variable overhead rate is $1.20 per director hour, and the end over and most o per director hout Andrews Com expects to produce 20,000 chairs next year and expects to have 500 chairs in ending in there is no beginning inventory Required: Prepare a cost of goods sold budget for...
Preparing a cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each charake 14 of direct materials and uses 19 hours 520 perc labor hour. The variable overhead rate is $1.20 per director hour, and the end over and most o per director hout Andrews Com expects to produce 20,000 chairs next year and expects to have 500 chairs in ending in there is no beginning inventory Required: Prepare a cost of goods sold budget for...
The company plans for finished goods inventory of 220 units at
the end of June. In addition, each finished unit requires 5 pounds
of direct materials and the company wants to end each month with
direct materials inventory equal to 20% of next month’s production
needs. Beginning direct materials inventory for April was 540
pounds. Direct materials cost $2 per pound. Each finished unit
requires 0.60 hours of direct labor at the rate of $12 per hour.
The company budgets...
finished goods inventory budget
Ending Finished Goods inventory Budget Item Quanity Cost Total pounds production cost per case direct materials direct labor manufacturing over head unit product cost Ending Finished Goods inventory Budget Item Quanity Cost Total pounds production cost per case direct materials direct labor manufacturing over head unit product cost Budgeted finished goods inventory: ending finished goods inventory in cases unit product cost endine finished poods inventory in dollars Desired ending FG inventory at year end 12,000 cases...
Most questions answered within 3 hours.
-
Principles of Programming midterm study guide help!
1.)
______ Which of the following would reference the...
asked 8 minutes ago -
Romeo wishes to throw a bouquet of flowers to Juliet, who is on
a second-story balcony,...
asked 23 minutes ago -
Why is QE a controversial monetary policy tool.
A. It may lead to excessive inflation.B. By...
asked 39 minutes ago -
A finite potential well has depth U0 = 2.78 eV . What is the
penetration distance...
asked 1 hour ago -
1. The bus bars of a power station are in two sections A and B
separated...
asked 1 hour ago -
Fiscal policy is the deliberate manipulation of taxes and
government spending to alter GDP, employment, inflation...
asked 2 hours ago -
evaluating an expression using only one digit and + and - as
operators ....3+5-1+7-5+8
-----------------------
stack...
asked 2 hours ago -
Two concentric current loops lie in the same plane. The smaller
loop has a radius of...
asked 2 hours ago -
1)Which of the following is an
important difference between qualified and nonqualified retirement
plans?
a. Qualified...
asked 2 hours ago -
What's the streaming business's problem on the
horizon?
asked 3 hours ago -
I need help with writing the conclusion for this online lab
report
Abstract
By testing the...
asked 3 hours ago -
For the reaction 1N2+3H2-----> 2NH3, would the reaction rate
trend be: delta[NH3]/ delta t = -2...
asked 4 hours ago