Ending Finished Goods Inventory Budget Ending Finished Goods Inventory BudgetPlay-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs:Direct materials$1.65Direct labor0.45Variable overhead0.85Fixed overhead1.85Total unit cost$4.80For the coming year, Play-Disc expects to make 340,000 plastic discs, and to sell 321,000 of them. Budgeted beginning inventory in units is 16,000 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-DiscEnding Finished Goods InventoryBudgetFor the Coming YearUnit costs:Overhead:Total cost per unitTotal ending inventory cost2. What if sales increased to 340,000 discs? How would that affect the ending finished goods inventory budget? Calculate the value of budgeted ending finished goods inventory.Finished goods inventory hasto $

Budget means the expected value of future. Sales budget means the number of units , price and total…

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 0.85 Fixed overhead 1.85 Total unit cost $4.80 For the coming year, Play-Disc expects to make 340,000 plastic discs, and to sell 321,000 of them. Budgeted beginning inventory in units is 16,000 with unit cost of $4.80. (There are no beginning or ending inventories 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 2. What if sales increased to 340,000 discs? How would that affect the ending finished goods inventory budget? Calculate the value of budgeted ending finished goods inventory. Finished goods inventory has to s

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 0.85 Fixed overhead 1.85 Total unit cost $4.80 For the coming year, Play-Disc expects to make 340,000 plastic discs, and to sell 321,000 of them. Budgeted beginning inventory in units is 16,000 with unit cost of $4.80. (There are no beginning or ending inventories 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 2. What if sales increased to 340,000 discs? How would that affect the ending finished goods inventory budget? Calculate the value of budgeted ending finished goods inventory. Finished goods inventory has to s

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Ending Finished Goods Inventory Budget

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