Question
Boben Corporation manufactures one product. Selected information from Bobens Ending Finished Goods Budget is presented below: Item Quantity Cost Total Direct Materials 20 pounds $0.25
Boben Corporation manufactures one product. Selected information from Bobens Ending Finished Goods Budget is presented below:
| Item | Quantity | Cost | Total |
|---|---|---|---|
| Direct Materials | 20 pounds | $0.25 per pound | $5.00 |
| Direct Labors | 3 hours | $15.00 per pound | $45.00 |
| Manufacturing Overhead | 3 hours | $9.00 per pound | $27.00 |
The ending finished goods inventory has 10,000 units.
The amount presented in Bobens budgeted balance sheet for finished goods is:
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The Operational Auditing Handbook Auditing Business Processes
Authors: Andrew Chambers, Graham Rand
1st Edition
0471970603, 978-0471970606
