Question
Hi please help me with this COGS I have provide the COGS sheet and additional information. Calculate the total projected manufacturing cost to produce each
Hi please help me with this COGS I have provide the COGS sheet and additional information.
Calculate the total projected manufacturing cost to produce each knife in 2020:
(There are two amounts that have to go here, the diagram shows two sections, not just 1 as it appears below)
Direct materials cost per knife=
Direct labor cost per knife =
Manufacturing overhead cost per knife =
Total projected manufacturing cost per knife for 2020 =
Calculate the cost of the projected knives sold in each quarter in 2020:
(The numbers here for beginning inventory and the amount is correct. But as for 2020, the units displayed are correct but I need the amounts for each)
Beginning Inventory Units Produced in 2020
First Quarter 600 $15,600 500
Second Quarter 1300
Third Quarter 1500
Fourth Quarter 1700
Nicole's Knives
Sales Budget
For the year ended December 31, 2020
First Quarter Second Quarter Third Quarter Fourth Quarter Total
Budgeted knives to be sold 1,100 1,300 1,500 1,700 5,600
Sales price per unit $75.00 $75.00 $75.00 $75.00 $300.00
Total sales $82,500 $97,500 $112,500 $127,500 $420,000
Nicole's Knives
Production Budget
For the year ended December 31, 2020
First Quarter Second Quarter Third Quarter Fourth Quarter Total
Budgeted knives to be sold 1,100 1,300 1,500 1,700 5,600
Plus: Desired knives in ending inventory 260 300 340 380 380
Total knives needed 1,360 1,600 1,840 2,080 5,980
Less: Knives in beginning inventory 600 260 300 340 1,500
Budgeted knives to be produced 760 1,340 1,540 1,740 5,380
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