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Pacific has forecast sales for the next three months as follows: July 4,000 units, August 6,000...

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 $ 3 per unit sold

What is budgeted manufacturing overhead cost for August?

$33,000

$47,000

$50,000

$32,000
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Answer #1
JULY AUG SEPT
sales (Units) 4000 6000 7500
Opening Inventory (Units) 1500 2400 3000
Closing inventory (Units) 2400 3000
Units Produced (Sales + Closing Inv - Opening Inv) 4900 6600 4500
Fixed Manufacturing Costs $        17,000
Variable manufacturing Costs (5 * 6600) $        33,000
Budgeted manufacturing cost for August $        50,000
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