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Flagstaff Company has budgeted production units of 9,800 for July and 10,000 for August. The direct...
Flagstaff Company has budgeted production units of 9,000 for July and 9,200 for August. The direct...
Flagstaff Company has budgeted production units of 9,000 for July and 9,200 for August. The direct materials requirement per unit is 3 ounces (oz.). The company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 30% of the units budgeted in the following month. There was 8,100 ounces of direct material in inventory at the start of July. The total amount of direct materials in ounces, to...
Flagstaff Company has budgeted production units of 9,600 for July and 9,800 for August. The direct...
Flagstaff Company has budgeted production units of 9,600 for July and 9,800 for August. The direct labor requirement per unit is 0.50 hours. Labor is paid at the rate of $23 per hour. The total cost of direct labor for the month of August is: Multiple Choice $110,400 $4,900 $112,700 $4,800. $223,100
Flagstaff Company has budgeted production units of 9,200 for July and 9,400 for August. The direct labor requirement per...
Flagstaff Company has budgeted production units of 9,200 for July and 9,400 for August. The direct labor requirement per unit is 0.40 hours. Labor is paid at the rate of $19 per hour. The total cost of direct labor for the month of August is: Multiple Choice $69,920. $3,760. $71,440. $3,680. $141,360.
1.If budgeted beginning inventory is $8,950, budgeted ending inventory is $10,180, and budgeted cost of goods sold is $1...
1.If budgeted beginning inventory is $8,950, budgeted ending inventory is $10,180, and budgeted cost of goods sold is $10,910, budgeted purchases should be: Multiple Choice $1,230 $1,960 $12,140 $9,680 $730 2.Ratchet Manufacturing's August sales budget calls for sales of 5,000 units. Each month's unit sales are expected to grow by 4%. The product selling price is $20 per unit. The expected total sales dollars for September's sales budget are: Multiple Choice $100,000. $96,000. $104,000. $108,000. $5,200. 3 Question - Flagstaff...
16. Cahuilla Corporation predicts the following sales in units for the coming four months: April May...
16. Cahuilla Corporation predicts the following sales in units for the coming four months: April May June July Sales in units 320 360 380 320 Each month's ending Finished Goods Inventory in units should be 40% of the next month's sales. March 31 Finished Goods inventory is 128 units. A finished unit requires five pounds of direct material B at a cost of $2.00 per pound. The March 31 Raw Materials Inventory has 280 pounds of direct material B. Each...
Marge Manufacturing has the following information available for the month: • Budgeted production is 400,000 units...
Marge Manufacturing has the following information available for
the month: • Budgeted production is 400,000 units and the firm’s
selling price per unit is $25. • Each unit produced is budgeted to
require 2 ounces of material B at a cost of $2 per ounce and 0.25
direct labor hours at a cost of $30 per hour
Instead of just giving an answer, it would be great if
you can explain how to do it/why
b. How many ounces of...
London Industries Limited has the following information: 2017 July August Budgeted Sales Units Budgeted Production Units 19,200 16,400 18,800 23,600 25,600 20,000 16,000 18,000 22,000 30,000 Oct...
London Industries Limited has the following information: 2017 July August Budgeted Sales Units Budgeted Production Units 19,200 16,400 18,800 23,600 25,600 20,000 16,000 18,000 22,000 30,000 October Each unit requires 6 pounds of raw materials that are estimated to cost an average of $10 per pound. They also have a policy of maintaining a raw materials inventory at the end each month equal to 20% of the pounds needed for the following month's production. There were 16,000 pounds of raw...
The production budget for Manner Company shows units to be produced as follows: July, 590; August, 650; and Septemb...
The production budget for Manner Company shows units to be produced as follows: July, 590; August, 650; and September, 510. Each unit produced requires one hour of direct labor. The direct labor rate is currently $16 per hour but is predicted to be $16.75 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 590 Budgeted production (units) September 510 units Total...
Question #69 Accounting A company has budgeted 7 900 production units for July and 8,100 for...
Question #69 Accounting A company has budgeted 7 900 production units for July and 8,100 for August. The direct labor requirement per unit is 0.55 hours, Labor is paid at the rate of $18.00 per hour. The total budgeted cost of direct labor for the month of August is: A $241.39 B. $247.50 C. $78,210.00 D. E. $158,400.00 $80,190.00 Save Answer Next Previous
The following data are given for Stringer Company: Budgeted production 909 units Actual production 1,036 units...
The following data are given for Stringer Company: Budgeted production 909 units Actual production 1,036 units Materials: Standard price per ounce $1.82 Standard ounces per completed unit 12 Actual ounces purchased and used in production 12,805 Actual price paid for materials $26,250 Labor: Standard hourly labor rate $14.95 per hour Standard hours allowed per completed unit 4.4 Actual labor hours worked 5,335.4 Actual total labor costs $81,365 Overhead: Actual and budgeted fixed overhead $1,110,000 Standard variable overhead rate $28.00 per...
Flagstaff Company has budgeted production units of 9,000 for July and 9,200 for August. The direct materials requirement per unit is 3 ounces (oz.). The company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 30% of the units budgeted in the following month. There was 8,100 ounces of direct material in inventory at the start of July. The total amount of direct materials in ounces, to...
Flagstaff Company has budgeted production units of 9,600 for July and 9,800 for August. The direct labor requirement per unit is 0.50 hours. Labor is paid at the rate of $23 per hour. The total cost of direct labor for the month of August is: Multiple Choice $110,400 $4,900 $112,700 $4,800. $223,100
Marge Manufacturing has the following information available for
the month: • Budgeted production is 400,000 units and the firm’s
selling price per unit is $25. • Each unit produced is budgeted to
require 2 ounces of material B at a cost of $2 per ounce and 0.25
direct labor hours at a cost of $30 per hour
Instead of just giving an answer, it would be great if
you can explain how to do it/why
b. How many ounces of...
London Industries Limited has the following information: 2017 July August Budgeted Sales Units Budgeted Production Units 19,200 16,400 18,800 23,600 25,600 20,000 16,000 18,000 22,000 30,000 October Each unit requires 6 pounds of raw materials that are estimated to cost an average of $10 per pound. They also have a policy of maintaining a raw materials inventory at the end each month equal to 20% of the pounds needed for the following month's production. There were 16,000 pounds of raw...
The production budget for Manner Company shows units to be produced as follows: July, 590; August, 650; and September, 510. Each unit produced requires one hour of direct labor. The direct labor rate is currently $16 per hour but is predicted to be $16.75 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 590 Budgeted production (units) September 510 units Total...
Question #69 Accounting A company has budgeted 7 900 production units for July and 8,100 for August. The direct labor requirement per unit is 0.55 hours, Labor is paid at the rate of $18.00 per hour. The total budgeted cost of direct labor for the month of August is: A $241.39 B. $247.50 C. $78,210.00 D. E. $158,400.00 $80,190.00 Save Answer Next Previous
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