Falcon Manufacturing has prepared the following budgets for June. In June, budgeted production equals budgeted sales, and raw materials inventory will remain constant. • Direct materials - $6,000 Direct labor $9,500 ⚫ Manufacturing overhead = $12,200 • Selling and administrative expense = $9,800 What is the budgeted cost of goods sold (COGS) for June? a) $34,700 b) $27,700 c) $35,500 d) $18,400

Falcon Manufacturing has prepared the following budgets for June. In June, budgeted production equals budgeted sales, and raw materials inventory will remain constant. • Direct materials - $6,000 Direct labor $9,500 ⚫ Manufacturing overhead = $12,200 • Selling and administrative expense = $9,800 What is the budgeted cost of goods sold (COGS) for June? a) $34,700 b) $27,700 c) $35,500 d) $18,400

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 2E: Digital Solutions Inc. uses flexible budgets that are based on the following data: Prepare a...

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