Bradford, Inc., expects to sell 9,000 ceramic vases for $21 each. Direct materials costs are $3, direct manufacturing labor is $12, and manufacturing overhead is $3 per vase. The following inventory levels apply to 2019: Beginning Ending Inventory Inventory Direct materials 3,000 units 3,000 units Work in process 0 units 0 units inventory Finished goods 300 units 500 units inventory What are the 2019 budgeted production costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively? a. $27,600; $110,400; $27,600. b. $27,000; $108,000; $27,000. c. $9,000; $36,000; $9,000. d. $9,000; $0; $10,500.

Bradford, Inc., expects to sell 9,000 ceramic vases for $21 each. Direct materials costs are $3, direct manufacturing labor is $12, and manufacturing overhead is $3 per vase. The following inventory levels apply to 2019: Beginning Ending Inventory Inventory Direct materials 3,000 units 3,000 units Work in process 0 units 0 units inventory Finished goods 300 units 500 units inventory What are the 2019 budgeted production costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively? a. $27,600; $110,400; $27,600. b. $27,000; $108,000; $27,000. c. $9,000; $36,000; $9,000. d. $9,000; $0; $10,500.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter20: Inventory Management: Economic Order Quantity, Jit, And The Theory Of Constraints

Section: Chapter Questions

Problem 6E: Ottis, Inc., uses 640,000 plastic housing units each year in its production of paper shredders. The...

See similar textbooks

Similar questions

First Class, Inc., expects to sell 28,000 pool cues for $14 each. Direct materials costs are $3, direct manufacturing labor is $5, and manufacturing overhead is $0.82 per pool cue. The following inventory levels apply to 2019: Beginning inventory Ending inventory Direct materials 26,000 units 26,000 units Work-in-process inventory O units O units Finished goods inventory 1,300 units 2.800 units How many pool cues need to be produced in 20197?
First Class, Inc., expects to sell 28,000 pool cues for $14.00 each. Direct materials costs are $4.00, direct manufacturing labor is $6.00, and manufacturing overhead is $0.85 per pool cue. The following inventory levels apply to 2019: Beginning inventory Ending inventory Direct materials 30.000 units 30,000 units Work - in - process inventory O units O units Finished goods inventory 1,800 units 3,100 units What are the 2019 budgeted costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively? O A. $112,000; $168,000; $23,800 O B. $120,000; $180,000; $25,500 Oc. $119,200; $178,800; $25,330 OD. $117,200; $175,800; $24,905
Bradford, Inc., expects to sel 16,000 ceramic vases for $21.00 each. Direct materials costs are $2.00, direct manufacturing labor is $10.00, and manufacturing overhead is $5.00 per vase. The following inventory levels apply to 2019: Ending inventory Beginning Inventory 3,000 units 3,000 units O units Dredt materials O units Work-in-process inventory Finished goods inventory 700 units 400 units How many ceramic vases should be produced in 20197 OA 16,300 vases OB. 15,700 vases OC 19,000 vases O0. 16,000 vases O Time Remaining: 01:51:55 Next % & 4. 5 7 8. R. 20
could you tell me what's the answer with an explanation?
Howard Temple, Inc., expects to sell 20,000 pool cues for $12.00 each. Direct materials costs are $2.00, direct manufacturing labor is $4.00, and manufacturing overhead is $0.80 per pool cue. The following inventory levels apply to 2020: Beginning Inventory Ending Inventory Direct materials 24,000 units 24,000 units Work-in-Process Inventory 0 units O units Finished Goods Inventory 2,000 units 2,500units How many pool cues need to be produced in 2020? 22,500 cues 022,000 cues O20,500 cucs 19.500 cues
Washington Inc, expects to sell 50,000 custom vases for $75 each in 2020. Planned direct materials costs are $30, direct manufacturing labor is $16, and manufacturing overhead is $4 for each vase. One unit of direct material is required for one unit of finished product. The following inventory levels apply: Beginning Inventory Ending Inventory Direct materials 16,000 units 21,000 units Work-in-process inventory 0 units 0 units Finished goods inventory 9,000 units 8,000 units Required: Select the appropriate answer for both questions (1 and 2) below: 1: The amount budgeted for direct material purchases in 2020 (in dollars) is: (Choose below) A: 1,728,000 B: 1,620,000 C: 1,408,000 D: 1,472,000 E: 1,568,000 F: None 2: The amount budgeted for cost of goods manufactured in 2020 (in dollars) is A: 2,856,000 B: 3,248,000 C: 2,450,000 D: 2,744,000 E: 3,080,000 F: none
Nantucket Industries manufactures and sells two models of watches, Prime and Luxuria. It expects to sell 3,500 units of Prime and 1,500 units of Luxuria in 2019.The following estimates are given for 2019: Selling price Direct materials Direct labor Manufacturing overhead Prime $200 70 90 $1,625,000 $1,433,000 $1,325,000 $1,415,000 60 Luxuria $500 100 180 150 Nantucket had an inventory of 200 units of Prime and 105 units of Luxuria at the end of 2018. It has decided that as a measure to counter stock outages it will maintain ending inventory of 400 units of Prime and 230 units of Luxuria. Each Luxuria watch requires one unit of Crimpson and has to be imported at a cost of $12. There were 120 units of Crimpson in stock at the end of 2018. The management does not want to have any stock of Crimpson at the end of 2019. What is the total budgeted cost of goods sold for Nantucket Industries in 2019?
Howard Temple, Inc., expects to sell 20,000 pool cues for $12.00 each. Direct materials costs are $2.00, direct manufacturing labor is $4.00, and manufacturing overhead is $0.80 per pool cue. The following inventory levels apply to 2020: Beginning Inventory Ending Inventory Direct materials 24,000 units 24,000 units Work-in-Process Inventory O units O units Finished Goods Inventory 2,000 units 2,500 units On the 2020 budgeted income statement, what amount will be reported for sales? O $246.000 O $240,000 O $312.000 O $318.000
Howard Temple, Inc., expects to sell 20,000 pool cues for $12.00 each. Direct materials costs are $2.00, direct manufacturing labor is $4.00, and manufacturing overhead is $0.80 per pool cue. The following inventory levels apply to 2020: Beginning Inventory Ending Inventory Direct materials 24,000 units 24,000 units Work-in-Process Inventory 0 units O units Finished Goods Inventory 2,000 units 2,500 units On the 2020 budgeted income statement, what amount will be reported for cost of goods sold?
First Class, Inc., expects to sell 22,000 pool cues for $12 each. Direct materials costs are $3, direct manufacturing labor is $4, and manufacturing overhead is $0.84 per pool cue. The following inventory levels apply to 2020: Beginning inventory Ending inventory Direct materials 33,000 units 33,000 units Work-in-process inventory 0 units 0 units Finished goods inventory 1,400 units 2,500 units On the 2020 budgeted income statement, what amount will be reported for sales?
First Class, Inc., expects to sell 27,000 pool cues for $13 each. Direct materials costs are $3, direct manufacturing labor is $6, and manufacturing overhead is $0.87 per pool cue. The following inventory levels apply to 2020: Direct materials Work-in-process inventory Finished goods inventory Beginning inventory 29,000 units 0 units 1,900 units Ending inventory 29,000 units 0 units 2,500 units What are the 2020 budgeted costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively? A) $87,000; $174,000; $25,230 B) $86,700; $173,400; $25,143 C) $82,800; $165,600; $24,012 D) $81,000; $162,000; $23,490
The required production of Libra Manufacturers for October 2024 is 10 000 units of Product A. Each unit requires two kilograms of materials. The manufacturer desires an inventory of 2 000 kilograms of materials on 31 October 2024 but expects to have an inventory of 1 400 kilograms on 01 October 2024. How many kilograms of materials should be purchased? O A. 20 000 OB. 20 600 O C. 19 400 OD. 10 600