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Jean-Pierre makes Spins which sell for $5,000 each. Since each Spin only takes one hour to assen there is essentially no work-in-process inventory. Each Spin
Jean-Pierre makes Spins which sell for $5,000 each. Since each Spin only takes one hour to assen there is essentially no work-in-process inventory. Each Spin should use 4 pounds of 85 at an expected cost or $300 per pound Each Spin should incur one direct labor hour at an expected cost of 5200 per DLH. Overhead is budgeted (and applied) at $500 per DLH. Inventory balances are as follows (lean-Pierre uses FFO inventory cout flow assumption): During 2022 (the entire year) Jean.Pierre expects to sell 12,000 5pins. 1. What is the budgeted cost of BS purchased for 2022? 2. What is the budgeted dollar value of ending BS inventory? 3. What is the budgeted cost of direct labor for 2022? 4. What is budgeted overhead for 2022? 5. What is the budgeted cost of Spins manufactured for 2022? 6. What is budgeted dollar value of ending Finished Spin inventory? 7. How much income does Jean-Pierre expect to make if they sell 12,0005Sp have budgeted Selling \& Administrative expenses (including bribes and k $30,000,000 (assume no income taxes)
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