Beginning Finished Goods Inventory is $86,400 consisting of 3,600 units. gin by calculating the projected cost to produce each unit in 2018 based on projected sales. (Hint: In "Cost per unit" table, cell references come from Direct Materials, Direct Lab e'=ROUND' function to round the fixed manufacturing overhead cost per unit to two decimal places. epare a Cost of Goods Sold Budget. (Hint: Units per month calculated using cell references to both sales budget and production budget.) Cost per unit ect material cost per unit $ 7.95 10.00 ect labor cost per unit hufacturing overhead cost per unit 9.09 al projected manufacturing cost per unit $ 27.04 2018 get #6: Cost of Goods Sold Budget Jan Mar Q1 Total $ 86,400.00 inning Finished Goods Inventory, 3,600 units. $ 86,400.00 ts produced and sold in 2018 ost per unit 27.04 Inits per month 14,400 3040 300 336 Feb 27.04 24,000 CAO 27.04 30,000 04 200

Beginning Finished Goods Inventory is $86,400 consisting of 3,600 units. gin by calculating the projected cost to produce each unit in 2018 based on projected sales. (Hint: In "Cost per unit" table, cell references come from Direct Materials, Direct Lab e'=ROUND' function to round the fixed manufacturing overhead cost per unit to two decimal places. epare a Cost of Goods Sold Budget. (Hint: Units per month calculated using cell references to both sales budget and production budget.) Cost per unit ect material cost per unit $ 7.95 10.00 ect labor cost per unit hufacturing overhead cost per unit 9.09 al projected manufacturing cost per unit $ 27.04 2018 get #6: Cost of Goods Sold Budget Jan Mar Q1 Total $ 86,400.00 inning Finished Goods Inventory, 3,600 units. $ 86,400.00 ts produced and sold in 2018 ost per unit 27.04 Inits per month 14,400 3040 300 336 Feb 27.04 24,000 CAO 27.04 30,000 04 200

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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Crompton produces a product that sell at wholesale for 2.60 per unit. Budgeted production in both 2018 and 2019 was 3,000 units. There was no beginning inventory in 2018. The following data summarized the 2018 and 2019 operations: 2018, 2019 Units sold =2,500, 3,200 Units produced 3,000 3,000 Costs: Variable factory overhead per unit 0.65, 0.65 Fixed factory overhead 1,290, 1,290 Variable marketing per unit 0.80, 0.80 Fixed Selling and Administrative 650, 650 Compute variable costing operating income for the 2019.
Can you fill in the blanks correctly and format it as the table that i sent, please, also here are the options for the drop downs on the leftBeginning Direct Materials Direct Materials Purchases Direct Materials Per Unit Total Required UnitsTotal Materials RequiredDesired Ending Direct Materials Desired Ending Finished Goods Unit Expected Unit SalesRequired Production Units Beginning Finished Goods Unit
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Required information Eckert Company uses the absorption costing approach to cost plus pricing to set prices for its products. Based on budgeted sales of 18.000 units next year, the unit product cost of a particular product is $60.40. The company's selling general, and administrative expenses for this product are budgeted to be $370.800 in total for the year. The company has invested $260.000 in this product and expects a return on investment of T (Appendix 12A) The markup on absorption cost for this product would be closest to which of the following O O O M4T 36.74 ALIK HON 3 Save & Submit
(1) Compute the total variable cost per unit.(2) Compute the total fixed costs.(3) Compute the income from operations for sales volume of 12,000 units.(4) Compute the income from operations for sales volume of 16,000 units.
Which of the following is not a characteristic of an effective responsibility accounting system? a) Reports that set goals for long-term strategic performance b) Reports that show revenue and/or expense items under a manager's control c) Reports that show budgeted and actual amounts of controllable revenue and expense items d) Reports that highlight areas that need corrective action
Required information [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 540 sun shades in May and 310 in June. Each shade sells for $156. Shadee's beginning and ending finished goods inventories for May are 65 and 55 shades, respectively. Ending finished goods inventory for June will be 50 shades. Required: 1. Prepare Shadee's sales budget for May and June. 2. Prepare Shadee's production budget for May and June. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1equired 2 Prepare Shadee's sales budget for May and June. May June Budgeted Total Sales $ 54,210 x $ 48,360 Required 1 Required 2 >
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