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 inventoryBeginning Inventory3,000 units3,000 unitsO unitsDredt materialsO unitsWork-in-process inventoryFinished goods inventory700 units400 unitsHow many ceramic vases should be produced in 20197OA 16,300 vasesOB. 15,700 vasesOC 19,000 vasesO0. 16,000 vasesO Time Remaining: 01:51:55Next%&4.578.R.20

dord, 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 leveis apply to 2019: Beginning Inventory 3.000 units Ending Inventor rect materials Work-in-process inventory hished goods inventory O units 3,000 uni 400 units O unit 700 units How many ceramic vases should be produced in 2019? OA 16300 vases OB 15,700 vases OC 19.000 vases 00 16,000 vases

dord, 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 leveis apply to 2019: Beginning Inventory 3.000 units Ending Inventor rect materials Work-in-process inventory hished goods inventory O units 3,000 uni 400 units O unit 700 units How many ceramic vases should be produced in 2019? OA 16300 vases OB 15,700 vases OC 19.000 vases 00 16,000 vases

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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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
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?
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Shadee Corporation expects to sell 520 sun shades in May and 320 in June. Each shade sells for $142. Shadee's beginning and ending finished goods inventories for May are 80 and 50 shades, respectively. Ending finished goods inventory for June will be 55 shades. Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 110 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $14 per hour. Additionally, Shadee's fixed manufacturing overhead is $10,000 per month, and variable manufacturing overhead is $10 per unit produced. Additional information: Selling costs are expected to be 9 percent of sales. • Fixed administrative expenses per month total $1,200. Required: Prepare Shadee's budgeted income statement for the months of May and June. Note: Do not round your…
! Required information (The following information applies to the questions displayed below.] Shadee Corporation expects to sell 500 sun shades in May and 380 in June. Each shade sells for $151. Shadee's beginning and ending finished goods inventories for May are 80 and 55 shades, respectively. Ending finished goods Inventory for June will be 60 shades. Each shade requires a total of $55.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 120 in direct materials inventory on May 1, 80 poles in inventory on May 31, and 110 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $14 per hour. Additionally, Shadee's fixed manufacturing overhead is $8,000 per month, and variable manufacturing overhead is $15 per unit produced. Additional information: .. Selling costs are expected to be 10 percent of sales. Fixed administrative expenses per month total $1,100. Required:…
[The following information applies to the questions displayed below.]Shadee Corp. expects to sell 650 sun visors in May and 430 in June. Each visor sells for $19. Shadee’s beginning and ending finished goods inventories for May are 80 and 45 units, respectively. Ending finished goods inventory for June will be 70 units. Each visor requires a total of $4.50 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2.00 each. Shadee wants to have 30 closures on hand on May 1, 22 closures on May 31, and 20 closures on June 30 and variable manufacturing overhead is $1.50 per unit produced. Suppose that each visor takes 0.60 direct labor hours to produce and Shadee pays its workers $8 per hour. Additional information: Selling costs are expected to be 8 percent of sales. Fixed administrative expenses per month total $1,400. Required:Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume…
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Peter Company makes a high-end Appliance, Y45. Peter presents the following data for the years 2019 and 2020: Units of Y45 produced and sold Selling price Direct materials (square feet) Direct materials costs per square foot Manufacturing capacity in units of Y45 Total conversion costs 2019 100,000 $1,000 300,000 $100 2020 105,000 $1,100 307,500 $110 125,000 $12,500,000 $13,750,000 $100 125,000 Conversion costs per unit of capacity Selling and customer-service capacity (customers) Total selling and customer-service costs Selling and customer-service capacity cost per customer $15,000 $110 300 300 $4,500,000 $4,687,500 $15,625 Peter produces no defective units but it wants to reduce direct materials usage per unit of Y45. Manufacturing conversion costs in each year depend on production capacity defined in terms of Y45 units that can be produced. Selling and customer-service costs depend on the number of customers that the customer and service functions are designed to support. Peter had…
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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?