Company expects to produce and sell12,000 units for $80 DM costs are $8 DL is $40 MOH is $12 per unit Beginning inventory Target Ending inventory Finished goods inventory 800 units 1000 units

On the 2020 budgeted income statement, what amount will be reported for sales? (4 points)

	A.	$960,000
	B.	$860,000
	C.	$80,000
	D.	$24,000

Company expects to produce and sell12,000 units for $80

DM costs are $8 DL is $40 MOH is $12 per unit Beginning inventory Target Ending inventory Finished goods inventory 800 units 1000 units

How many units need to be produced in 2020?

	A.	12,200 units
	B.	13,000 units
	C.	12,000 units
	D.	12,800 units

Company expects to produce and sell12,000 units for $80

DM costs are $8

DL is $40

MOH is $12 per unit

Beginning inventory Target Ending inventory

Finished goods inventory 800 units 1000 units

On the 2020budgeted income statement, what amount will be reported for cost of goods sold?

	A.	$720,000
	B.	$732,000
	C.	$600,000
	D.	$480,000

Company expects to produce and sell12,000 units for $80

DM costs are $8

DL is $40

MOH is $12 per unit

Beginning inventory Target Ending inventory

Finished goods inventory 800 units 1000 units

What are the 2020 budgeted costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively?

	A.	$97,600; 488,000; 146,400
	B.	$96,000; 480,000; 144,000
	C.	$24,400; 122,000; 36,600
	D.	$80,000, 40,000; 120,000

Company developed standard costs for direct material and direct labor. In 2020, Company estimated the following standard costs for one of their major products, the plastic container. Budgeted quantity Budgeted price Direct materials 0.25 pounds $30 per pound

Direct labor 0.13 hours $16per hour

Actual During July, Company produced and sold 5,000 containers using

1,100 pounds of direct materials at an average cost per pound of $29 and

600 direct manufacturing labor hours at an average wage of $15 per hour.

Direct Material Flexible - Budget variance is

	A.	$1,100 F
	B.	$5,600U
	C.	$5,600 F
	D.	$1,100U