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confirming production budget is 800000 (fixed + variable + variable) Problem 1 Merchant Co. expects to sell 10,000 units at $120 each. Each unit is

confirming production budget is 800000 (fixed + variable + variable)

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Problem 1 Merchant Co. expects to sell 10,000 units at $120 each. Each unit is expected to require 21bs. of material @ $10! lb. and 3 direct labor hours @ $5fDLH. The overhead rate is estimated to be $15IDLH. The beginning inventories are: DM 1,000 lbs. and Finished Goods 2,000 units. The budgeted ending inventories are: DM 2,000 lbs. and Finished Goods 1,000 units. What is Merchant Co's budgeted sales (in $)? What is Merchant Co's budgeted production (in units)? Assuming a production of 9,500 units, what is the budgeted materials purchase (in lbs.& S)? Based on your answer to {2), what is the budgeted cost per unit? Based on your answer to {2), what is the budgeted cost of goods sold? Based on your answer to {2), what is the budgeted cost for DL 65 FOH respectively? 95-"?pr

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