Global Box Co. expects to sell 18,000 boxes in 2014. The company had enough beginning inventory materials to produce 20,500 units. The beginning inventory of finished units totaled 1,500 with a target ending inventory of 1,800 units. The boxes sell for 2.50 dollars, and the company keeps no work-in-process inventory. Direct materials cost for each box total 0.90 dollars, while direct labor is 0.45, factory overhead is 0.15 per box, and administrative fees total 100 dollars. What will be Global Box Co.'s Cost of Goods Sold in 2014?
Global Box Co. expects to sell 18,000 boxes in 2014. The company had enough beginning inventory materials to produce 20,500 units. The beginning inventory of finished units totaled 1,500 with a target ending inventory of 1,800 units. The boxes sell for 2.50 dollars, and the company keeps no work-in-process inventory. Direct materials cost for each box total 0.90 dollars, while direct labor is 0.45, factory overhead is 0.15 per box, and administrative fees total 100 dollars. What will be Global Box Co.'s Cost of Goods Sold in 2014?
Chapter6: Activity-based, Variable, And Absorption Costing
Section: Chapter Questions
Problem 6PB: Box Springs. Inc., makes two sizes of box springs: queen and king. The direct material for the queen...
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