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Larken has forecast sales for the next three months as follows: July 4,500 units, August 6,100 units, September 7,700 units. Larken's policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 inventory is projected to be 1,800 units. Monthly manufacturing overhead is budgeted to be $17,600 plus $8 per unit produced. What is budgeted manufacturing overhead for July? Multiple Choice Ο Ο Ο Ο $41,720 $64,220 $58,720 $44,220

Larken has forecast sales for the next three months as follows: July 4,500 units, August 6,100 units, September 7,700 units. Larken's policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 inventory is projected to be 1,800 units. Monthly manufacturing overhead is budgeted to be $17,600 plus $8 per unit produced. What is budgeted manufacturing overhead for July? Multiple Choice Ο Ο Ο Ο $41,720 $64,220 $58,720 $44,220

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Larken has forecast sales for the next three months as follows: July 4,500 units, August 6,100 units, September 7,700 units. Larken's policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 inventory is projected to be 1,800 units. Monthly manufacturing overhead is budgeted to be $17,600 plus $8 per unit produced. What is budgeted manufacturing overhead for July? Multiple Choice $41,720 $64,220 $58,720 $44,220
Transcribed Image Text:Larken has forecast sales for the next three months as follows: July 4,500 units, August 6,100 units, September 7,700 units. Larken's policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 inventory is projected to be 1,800 units. Monthly manufacturing overhead is budgeted to be $17,600 plus $8 per unit produced. What is budgeted manufacturing overhead for July? Multiple Choice $41,720 $64,220 $58,720 $44,220
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