hurons Manufacturing produces a single product identified as PFR. Data Orelating to the coming month are: | Sales: estimated at 12 500 units. Selling price will be $95 per unit. | Inventories: beginning inventories-finished goods 750 units valued at $48 000; direct materials 2000 kilograms Desired ending inventory-finished goods 1000 units; direct materials 2500 kilograms. Required Prepare the budgeted income statement for the coming month. | Cost per manufactured unit: direct materials-3 kilograms at $5 per kilogram; direct labour-2 hours at $15 per hour; factory overhead-2 hours at $10.
hurons Manufacturing produces a single product identified as PFR. Data Orelating to the coming month are: | Sales: estimated at 12 500 units. Selling price will be $95 per unit. | Inventories: beginning inventories-finished goods 750 units valued at $48 000; direct materials 2000 kilograms Desired ending inventory-finished goods 1000 units; direct materials 2500 kilograms. Required Prepare the budgeted income statement for the coming month. | Cost per manufactured unit: direct materials-3 kilograms at $5 per kilogram; direct labour-2 hours at $15 per hour; factory overhead-2 hours at $10.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Prepare CGS budget
![hurons Manufacturing produces a single product identified as PFR. Data Orelating to the coming month
are:
| Sales: estimated at 12 500 units. Selling price will be $95 per unit.
| Inventories: beginning inventories-finished goods 750 units valued at $48 000; direct materials 2000
kilograms Desired ending inventory-finished goods 1000 units; direct materials 2500 kilograms.
Required
Prepare the budgeted income statement for the coming month.
| Cost per manufactured unit: direct materials-3 kilograms at $5 per kilogram; direct labour-2 hours at $15
per hour; factory overhead-2 hours at $10.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fad372c6e-56bf-45b6-a234-8adf6cfe745d%2F4162fa63-51c7-4b99-b3f0-a78800a40e97%2F42dmc3b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:hurons Manufacturing produces a single product identified as PFR. Data Orelating to the coming month
are:
| Sales: estimated at 12 500 units. Selling price will be $95 per unit.
| Inventories: beginning inventories-finished goods 750 units valued at $48 000; direct materials 2000
kilograms Desired ending inventory-finished goods 1000 units; direct materials 2500 kilograms.
Required
Prepare the budgeted income statement for the coming month.
| Cost per manufactured unit: direct materials-3 kilograms at $5 per kilogram; direct labour-2 hours at $15
per hour; factory overhead-2 hours at $10.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education