Skybird has forecast sales for the next three months as follows: 4.000 units, August 6.000 units,...
Jillian Inc. produces leather handbags. The production budget for the next four months is : July 5,000 units, August 7,000, September 7,500, October 8,000, . Each handbag requires 1.3 hours of unskilled labor ( paid $8 per hour) and 2.2 hours of skilled labor (paid $ 15 per hour). What will be the total labor cost for the month of August ? a) $161,000 b) $121,500 c) $231,000 d) $303,800
Pacific has forecast sales for the next three months as follows: July 4,000 units, August 6,000 units, September 7,500 units. Pacific's policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 inventory is projected to be 1,500 units. Monthly costs are budgeted as follows: Fixed manufacturing costs $ 17,000 Fixed selling costs $ 10,000 Fixed administrative costs $ 8,300 Variable manufacturing costs $ 5 per unit produced Variable selling costs $...
Larken has forecast sales for the next three months as follows: July 4,000 units, August 6,000 units, September 7,500 units. Larken’s policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 inventory is projected to be 1,600 units. Monthly manufacturing overhead is budgeted to be $17,000 plus $5 per unit produced. What is budgeted manufacturing overhead for July? $41,500 $24,500 $47,000 $27,000
Skylark has forecast production for the next three months as follows: July 4.900 units, August 6,600 units, September 7,500 units. Monthly manufacturing overhead is budgeted to be $17,000 plus $6 per unit produced. What is budgeted manufacturing overhead for August ? a) $ 39,600 b) $56,600 c) $17,000 d) $62,000
Jeremy Inc. produces leather handbags. The production budget for the next four months is: July 5,000 units, August 7,000, September 7,500, October 8,000. Each handbag requires 0.5 square meters of leather Jeremy Inc's leather inventory policy is 30% of next month's production needs. If the leather policy is met, what will the July 1 inventory be? o C) 750 square meters o 1825 square meters o 300 square meters o 1050 square meters Jackson Inc. produces leather handbags. The production...
Bengal Co. provides the following sales forecast for the next three months: Sales units July August September 7,500 8,200 6,600 The company wants to end each month with ending finished goods inventory equal to 25% of the next month's sales. Finished goods inventory on June 30 is 1,875 units. The budgeted production units for August are: Multiple Choice 6,375 units 9,850 units. 6,550 units 10.075 units
Ivory Inc. has forecast purchases on account to be $310,000 in March, $370,000 in April, $420,000 in May, and $490,000 in June Seventy percent of purchases are paid for in the month of purchase, the remaining 30% are paid in the following month. What are budgeted cash payments for June? Multiple Choice Ο Ο 5294000 Ο Ο 5460.000 Ο Ο 5343,000 Ο Ο 421000 Walnut has forecast sales for the next three months as follows: July 4,000 units, August 6,000...
The production budget for Manner Company shows units to be produced as follows: July, 620; August, 680; and September, 540. Each unit produced requires two hours of direct labor. The direct labor rate is currently $20 per hour but is predicted to be $21 per hour in September. Augustus is predicted to be 25 Prepare a direct labor budget for the months July, August, and September. MANNER COMPANY Direct Labor Budget For July, August, and September July August 620 680...
The production budget for Manner Company shows units to be produced as follows: July, 670; August, 730; and September, 590. Each unit produced requires three hours of direct labor. The direct labor rate is currently $15 per hour but is predicted to be $15.75 per hour in September Prepare a direct labor budget for the months July, August, and September. MANNER COMPANY Direct Labor Budget For July, August, and September July August 670 730 September 590 units Budgeted production (units)...
Bengal Co. provides the following sales forecast for the next three months: July August September Sales units 12,000 12,700 6,300 The company wants to end each month with ending finished goods inventory equal to 25% of the next month's sales. Finished goods inventory on June 30 is 3,000 units. The budgeted production units for August are: Multiple Choice 15,700 units. 11,125 units. 14,275 units. 11,100 units. 10,950 units.