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2,000 units 2,500 units he statement, what amount will be reported ed to be produced in 2016? come statement, what amount will be reporte

2,000 units 2,500 units he statement, what amount will be reported ed to be produced in 2016? come statement, what amount will be reporte

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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10) Corp expects to sell 20,000 pool cues for $12.00 each. DM costs are $2.00, DL is $4.00, and O/H is $0.80 per pool cue. The following inventory levels apply to 2016: Beginning inventory Ending inventory Direct materials Work-in-process inventory Finished goods inventory 24,000 units O units 2,000 units 24,000 units O units 2,500 units On the 2016 budgeted income statement, what amount will be reported for sales? 11) How many pool cues need to be produced in 2016? 12) On the 2016 budgeted income statement, what amount will be reported for cost of goods sold? 13) What are the 2016 budgeted costs for 1)direct materials, 2)direct manufacturing labor, and 3) manufacturing overhead, respectively?
Transcribed Image Text:10) Corp expects to sell 20,000 pool cues for $12.00 each. DM costs are $2.00, DL is $4.00, and O/H is $0.80 per pool cue. The following inventory levels apply to 2016: Beginning inventory Ending inventory Direct materials Work-in-process inventory Finished goods inventory 24,000 units O units 2,000 units 24,000 units O units 2,500 units On the 2016 budgeted income statement, what amount will be reported for sales? 11) How many pool cues need to be produced in 2016? 12) On the 2016 budgeted income statement, what amount will be reported for cost of goods sold? 13) What are the 2016 budgeted costs for 1)direct materials, 2)direct manufacturing labor, and 3) manufacturing overhead, respectively?
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