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1) Beginning finished goods inventory is 10,000 units, anticipated sales volume is 60,000 units, and the desired ending finished goods inventory is 12,000 untis. What
1) Beginning finished goods inventory is 10,000 units, anticipated sales volume is 60,000 units, and the desired ending finished goods inventory is 12,000 untis. What number of units should be produced? 2) Johnson Manufacturing Company has budgeted 30,000 direct labor hours for March. The budgeted cost formula for monthly manufacturing overhead is $4 per direct labor hour plus $65,000. What is the 3) A Company's August sales budget calls for sales of $700,000. The store expects to begin August with $30,000 of inventory and to end the month with $35,000 of inventory. Gross profit is typically 40% of sales. Determine the budgeted cost of merchandise purchases for August. (This question draws on your Financial Accounting
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