Can somebody help me to calculate Cost of Goods Sold?
paid the followi Les Pre Busyet Direct Labor Budget: The required direct labor hours per unit are 3 hours. The average cost per direct labor hour is $20. Paid 100% in the quarter it was incurred . Pro Deci Plus: Prop -cun Manufacturing Overhead Budget: Variable Costs -Calculated based on the direct labor hours used, rates are as follows: NOTE: All items are expected to be paid in the quarter in which it was incurred except for Depreci Indirect Material - $2.00 per direct labor hour Indirect Labor - $1.30 per direct labor hour Utilities - $1.20 per direct labor hour Maintenance - $0.50 per direct labor hour Fixed Cost per quarter includes: Supervisor Salaries - $30,000 Depreciation - 4,500 (Assume this includes the New Asset Purchase. No C Property Taxes & Insurance 15,000 Maintenance - 7,150 . cem Ja . Operating Expenses: NOTE: All items are expected to be paid in the quarter in which it was incurred except for Depreciation! Variable Expenses - Calculated based on units of sales Sales Commissions - $4.50 Freight Out - $2.00 Fixed Expenses per quarter: Advertising - $7,000 Sales Salaries - 25,000 Office Salaries - 12,500 Depreciation - 3,500 Property Tax Insurance - 3,000 O . . Income Taxes Estimate for full year is $18,000 and is expected to be paid evenly each quarter. Interest Expense for the full year is estimated to be $500 and used when repaying borrowed funds. paid the followi Les Pre Busyet Direct Labor Budget: The required direct labor hours per unit are 3 hours. The average cost per direct labor hour is $20. Paid 100% in the quarter it was incurred . Pro Deci Plus: Prop -cun Manufacturing Overhead Budget: Variable Costs -Calculated based on the direct labor hours used, rates are as follows: NOTE: All items are expected to be paid in the quarter in which it was incurred except for Depreci Indirect Material - $2.00 per direct labor hour Indirect Labor - $1.30 per direct labor hour Utilities - $1.20 per direct labor hour Maintenance - $0.50 per direct labor hour Fixed Cost per quarter includes: Supervisor Salaries - $30,000 Depreciation - 4,500 (Assume this includes the New Asset Purchase. No C Property Taxes & Insurance 15,000 Maintenance - 7,150 . cem Ja . Operating Expenses: NOTE: All items are expected to be paid in the quarter in which it was incurred except for Depreciation! Variable Expenses - Calculated based on units of sales Sales Commissions - $4.50 Freight Out - $2.00 Fixed Expenses per quarter: Advertising - $7,000 Sales Salaries - 25,000 Office Salaries - 12,500 Depreciation - 3,500 Property Tax Insurance - 3,000 O . . Income Taxes Estimate for full year is $18,000 and is expected to be paid evenly each quarter. Interest Expense for the full year is estimated to be $500 and used when repaying borrowed funds
