Cost of Goods Sold Budget Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs: Direct materials $1.80 Direct labor 0.55 Variable overhead 0.85 Fixed overhead 1.90     Total unit cost $5.10 For the coming year, Play-Disc expects to make 300,000 plastic discs, and to sell 285,000 of them. Budgeted beginning inventory in units is 17,000 with unit cost of $5.10. (There are no beginning or ending inventories of work in process.) Required: Question Content Area 1. Calculate the total budgeted cost of units produced for Play-Disc for the coming year. Show the cost of direct materials, direct labor, and overhead. Budgeted direct materials $fill in the blank 77f748f3a044073_1 Budgeted direct labor fill in the blank 77f748f3a044073_2 Budgeted overhead fill in the blank 77f748f3a044073_3 Total budgeted manufacturing cost $fill in the blank 77f748f3a044073_4   Question Content Area 2. Prepare a cost of goods sold budget for Play-Disc for the year. Play-DiscCost of Goods Sold BudgetFor the Year   $- Select -   - Select -   - Select - Total manufacturing cost $fill in the blank 80eeb5ff406afba_7   - Select -   - Select - Cost of goods sold $fill in the blank 80eeb5ff406afba_12   Question Content Area 3. What if the beginning inventory of finished goods was $86,000 (for 17,000 units)? How would that affect the cost of goods sold budget? (Assume Play-Disc uses the FIFO method.) The cost of goods sold would     to $fill in the blank 15aab8060fa3f90_2.

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Cost of Goods Sold Budget

Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs:

Direct materials $1.80
Direct labor 0.55
Variable overhead 0.85
Fixed overhead 1.90
    Total unit cost $5.10

For the coming year, Play-Disc expects to make 300,000 plastic discs, and to sell 285,000 of them. Budgeted beginning inventory in units is 17,000 with unit cost of $5.10. (There are no beginning or ending inventories of work in process.)

Required:

Question Content Area

1. Calculate the total budgeted cost of units produced for Play-Disc for the coming year. Show the cost of direct materials, direct labor, and overhead.

Budgeted direct materials $fill in the blank 77f748f3a044073_1
Budgeted direct labor fill in the blank 77f748f3a044073_2
Budgeted overhead fill in the blank 77f748f3a044073_3
Total budgeted manufacturing cost $fill in the blank 77f748f3a044073_4
 

Question Content Area

2. Prepare a cost of goods sold budget for Play-Disc for the year.

Play-DiscCost of Goods Sold BudgetFor the Year
 
$- Select -
 
- Select -
 
- Select -
Total manufacturing cost $fill in the blank 80eeb5ff406afba_7
 
- Select -
 
- Select -
Cost of goods sold $fill in the blank 80eeb5ff406afba_12
 

Question Content Area

3. What if the beginning inventory of finished goods was $86,000 (for 17,000 units)? How would that affect the cost of goods sold budget? (Assume Play-Disc uses the FIFO method.)
The cost of goods sold would 

 

 to $fill in the blank 15aab8060fa3f90_2.

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2. Prepare a cost of goods sold budget for Play-Disc for the year.
Play-Disc
Cost of Goods Sold Budget
For the Year
Beginning inventory
X $
Cost of goods sold
Total manufacturing cost
Cost of goods sold
3. What if the beginning inventory of finished goods was $86,000 (for 17,000 units)? How would that aff
goods sold budget? (Assume Play-Disc uses the FIFO method.)
The cost of goods sold would decrease
V to $
700 X.
Check My Work 8 more Check My Work uses remaining.
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All work sayed.
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Transcribed Image Text:2. Prepare a cost of goods sold budget for Play-Disc for the year. Play-Disc Cost of Goods Sold Budget For the Year Beginning inventory X $ Cost of goods sold Total manufacturing cost Cost of goods sold 3. What if the beginning inventory of finished goods was $86,000 (for 17,000 units)? How would that aff goods sold budget? (Assume Play-Disc uses the FIFO method.) The cost of goods sold would decrease V to $ 700 X. Check My Work 8 more Check My Work uses remaining. Previou: All work sayed. Save and Exit Sub
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