Mercury Bag Company produces cases of grocery bags. The managers at Mercury are trying to develop budgets for the upcoming quarter. The following data have been gathered.
Projected sales in units | 1,910 | cases | |
Selling price per case | $ | 240 | |
Inventory at the beginning of the quarter | 150 | cases | |
Target inventory at the end of the quarter | 100 | cases | |
Direct labor hours needed to produce one case | 2 | hours | |
Direct labor wages | $ | 10 | per hour |
Direct materials cost per case | $ | 8 | |
Variable manufacturing overhead cost per case | $ | 6 | |
Fixed overhead costs for the upcoming quarter | $ | 220,000 | |
a. Using the above information, develop Mercury's
sales forecast in dollars and production schedule in units.
b. What is Mercury's budgeted variable manufacturing cost per case?
c. Prepare Mercury's manufacturing cost budget.
d. What is the projected ending value of the Inventory account?
Mercury Bag Company produces cases of grocery bags. The managers at Mercury are trying to develop...
Mercury Bag Company produces cases of grocery bags. The managers at Mercury are trying to develop budgets for the upcoming quarter. The following data have been gathered. Projected sales in units 1,600 cases Selling price per case $ 240 Inventory at the beginning of the quarter 150 cases Target inventory at the end of the quarter 100 cases Direct labor hours needed to produce one case 2 hours Direct labor wages $ 10 per hour Direct materials cost per case...
Mercury Bag Company produces cases of grocery bags. The managers at Mercury are trying to develop budgets for the upcoming quarter. The following data have been gathered. Projected sales in units 1,170 cases Selling price per case $ 240 Inventory at the beginning of the quarter 150 cases Target inventory at the end of the quarter 100 cases Direct labor hours needed to produce one case 2 hours Direct labor wages $ 10 per hour Direct materials cost per...
Need A - D
Mercury Bag Company produces cases of grocery bags. The managers at Mercury are trying to develop budgets for the upc quarter. The following data have been gathered. Projected sales in units Selling price per case Inventory at the beginning of the quarter Target inventory at the end of the quarter Direct labor hours needed to produce one case Direct labor wages Direct materials cost per case Variable manufacturing overhead cost per case Fixed overhead costs for...
Exercise 23.3 Production Budgets (LO23-4, LO23-5) Mercury Bag Company produces cases of grocery bags. The managers at Mercury are trying to develop budgets for the upcoming quarter. The following data have been gathered. Projected sales in units Selling price per case Inventory at the beginning of the quarter Target inventory at the end of the quarter Direct labor hours needed to produce one case Direct labor wages Direct materials cost per case Variable manufacturing overhead cost per case Fixed overhead...
Can't figure out the VO FMO and MC/U
Mercury Bag Company produces cases of grocery bags. The managers at Mercury are trying to develop budgets for the up quarter. The following data have been gathered. $ Projected sales in units Selling price per case Inventory at the beginning of the quarter Target inventory at the end of the quarter Direct labor hours needed to produce one case Direct labor wages Direct materials cost per case Variable manufacturing overhead cost per...
NuFloor Manufacturing produces floor tiles. The managers at NuFloor are trying to develop budgets for the upcoming quarter. The following data have been gathered for a particular tile design. Projected unit sales 1,890 cases Selling price per case $ 240 Inventory at the beginning of the quarter 150 cases Target inventory at the end of the quarter 100 cases Direct labor hours needed to produce one case 2 hours Direct labor wages $ 10 per hour Direct material cost...
Help Save & E Chec NuFloor Manufacturing produces floor tiles. The managers at NuFloor are trying to develop budgets for the upcoming quarter. The following data have been gathered for a particular tile design. Projected unit sales Selling price per case Inventory at the beginning of the quarter Target inventory at the end of the quarter Direct labor hours needed to produce one case Direct labor wages Direct material cost per case Variable manufacturing overhead cost per case Fixed overhead...
please solve all the empty spaces even the correct
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NuFloor Manufacturing produces floor tiles. The managers at NuFloor are trying to develop budgets for the upcoming quarter. The following data have been gathered for a particular tile design. $ Projected unit sales Selling price per case Inventory at the beginning of the quarter Target inventory at the end of the quarter Direct labor hours needed to produce one case Direct labor wages...
Cooper's Bags Company manufactures cloth grocery bags to be sold to grocery stores and other retailers. Cooper's Bags Company sells the bags in cases of 1,600 bags. The bags come in three sizes: Large, Medium, and Small. Currently, Cooper's Bags Company uses a single plantwide overhead rate to allocate its $7,566,000 of annual manufacturing overhead. Of this amount, $2,150,000 is associated with the Large Bag line, $3,420,000 is associated with the Medium Bag line, and $1,996,000 is associated with the...
Kate’s Kale Chips produces a healthy snack made primarily of kale. Each bag of the product sells for $5. The company computes the manufacturing overhead rate on a quarterly basis based upon the planned number of units to be produced that quarter. The following data are from the projections of Kate’s Kale Chips for the upcoming quarter: Projections Sales 21,500 bags Production 23,500 bags Variable manufacturing cost per bag $ 2.30 Sales and distribution costs per bag $ 0.30 Total...