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.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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.
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.
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