Ending Finished Goods Inventory Budget Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs: Direct materials $1.65 Direct labor 0.45 Variable overhead 0.75 Fixed overhead 1.95 Total unit cost $4.80 For the coming year, Play-Disc expects to make 350,000 plastic discs, and to sell 333,000 of them. Budgeted beginning inventory in units is 20,000 with unit cost of $4.80. (There are no beginning or ending inventories of work in process.) Required: 1. Prepare an ending finished goods inventory budget for Play-Disc for the coming year. If required, round your answers to the nearest cent. Play-Disc Ending Finished Goods Inventory Budget For the Coming Year Unit costs: Overhead: Total cost per unit Total ending inventory cost
Ending Finished Goods Inventory Budget Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs: Direct materials $1.65 Direct labor 0.45 Variable overhead 0.75 Fixed overhead 1.95 Total unit cost $4.80 For the coming year, Play-Disc expects to make 350,000 plastic discs, and to sell 333,000 of them. Budgeted beginning inventory in units is 20,000 with unit cost of $4.80. (There are no beginning or ending inventories of work in process.) Required: 1. Prepare an ending finished goods inventory budget for Play-Disc for the coming year. If required, round your answers to the nearest cent. Play-Disc Ending Finished Goods Inventory Budget For the Coming Year Unit costs: Overhead: Total cost per unit Total ending inventory cost
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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4.1
Transcribed Image Text:Ending Finished Goods Inventory Budget
Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs:
Direct materials
$1.65
Direct labor
0.45
Variable overhead
0.75
Fixed overhead
1.95
Total unit cost
$4.80
For the coming year, Play-Disc expects to make 350,000 plastic discs, and to sell 333,000 of them. Budgeted beginning inventory in units is
20,000 with unit cost of $4.80. (There are no beginning or ending inventories of work in process.)
Required:
1. Prepare an ending finished goods inventory budget for Play-Disc for the coming year. If required, round your answers to the nearest cent.
Play-Disc
Ending Finished Goods Inventory
Budget
For the Coming Year
Unit costs:
Overhead:
Total cost per unit
Total ending inventory cost
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