answer in text form please (without image) Cost of Goods Sold BudgetPlay-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs:Direct materialsDirect laborVariable overheadFixed overheadTotal unit costDie slania egen in maniShow Transcribed TextRequireu:For the coming year, Play-Disc expects to make 300,000 plastic discs, and to sell 280,000 of them. Budgeted beginning inventory in units is 19,000 with unit cost of $4.90. (There are no beginning or endinginventories of work in process.)$1.700.500.851.85Total manufacturing cost $$4.901. 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.Budgeted direct laborBudgeted overheadTotal budgeted manufacturing costCost of goods sold.2. Prepare a cost of goods sold budget for Play-Disc for the year.Play-DiscCost of Goods Sold BudgetFor the Year$3. What if the beginning inventory of finished goods was $92,300 (for 19,000 units)? How would that affect the cost of goods sold budget? (Assume Play-Disc uses the FIFO method.)The cost of goods sold wouldto $

Cost of goods sold is the amount or cost which is incurred on the units which has been sold during…

Cost of Goods Sold Budget Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs: $1.70 0.50 0.85 Direct materials Direct labor Variable overhead Fixed overhead Total unit cost Show Transcribed T For the coming year, Play-Disc expects to make 300,000 plastic discs, and to sell 280,000 of them. Budgeted beginning inventory in units is 19,000 with unit cost of $4.90. (There are no beginning or ending inventories of work in process.) Requireu. 1.85 $4.90 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 Budgeted direct labor Budgeted overhead Total budgeted manufacturing cost Total manufacturing cost $ 2. Prepare a cost of goods sold budget for Play-Disc for the year. Play-Disc Cost of Goods Sold Budget For the Year Cost of goods sold 3. What if the beginning inventory of finished goods was $92,300 (for 19,000 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 $

Cost of Goods Sold Budget Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs: $1.70 0.50 0.85 Direct materials Direct labor Variable overhead Fixed overhead Total unit cost Show Transcribed T For the coming year, Play-Disc expects to make 300,000 plastic discs, and to sell 280,000 of them. Budgeted beginning inventory in units is 19,000 with unit cost of $4.90. (There are no beginning or ending inventories of work in process.) Requireu. 1.85 $4.90 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 Budgeted direct labor Budgeted overhead Total budgeted manufacturing cost Total manufacturing cost $ 2. Prepare a cost of goods sold budget for Play-Disc for the year. Play-Disc Cost of Goods Sold Budget For the Year Cost of goods sold 3. What if the beginning inventory of finished goods was $92,300 (for 19,000 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 $

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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