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Elton, Inc., expects to sell 6000 ceramic vases for $21 each. Direct materials costs are $2, direct manufacturing labor is $10, and manufacturing overhead
Elton, Inc., expects to sell 6000 ceramic vases for $21 each. Direct materials costs are $2, direct manufacturing labor is $10, and manufacturing overhead is $4 per vase. The following inventory levels apply to 2016: Direct materials Work-in-process inventory Finished goods inventory Beginning inventory 4000 units O units 400 units Ending inventory 4000 units 0 units 600 units What are the 2016 budgeted production costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively? $8000; $0; $18,400 $8000; $40,000; $16,000 $12,400; $62,000, $24,800 $12,000; $60,000; $24,000
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