=+P2. Deleware budgeted 25,000 barrels of oil for purchase in September for $72 per barrel. Direct labor
Question:
=+P2. Deleware budgeted 25,000 barrels of oil for purchase in September for $72 per barrel. Direct labor budgeted in the chemical process was $210,000 for September. Factory overhead was budgeted $325,000 during September. The inventories on September 1 were estimated to be:
Oil . . . . . . . . . . . . . . . . . . . $14,600 P1 . . . . . . . . . . . . . . . . . . . 9,800 P2 . . . . . . . . . . . . . . . . . . . 8,600 Work in process . . . . . . . . 12,100 The desired inventories on September 30 were:
Oil . . . . . . . . . . . . . . . . . . . $16,100 P1 . . . . . . . . . . . . . . . . . . . 9,100 P2 . . . . . . . . . . . . . . . . . . . 7,900 Work in process . . . . . . . . 13,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: