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just the incorrect ones Fichard Moore, Coronado &rMoore Fabricators' production manager, has just recelved the company's sales budget for the first quarter: Its manufacturing overhead
just the incorrect ones
Fichard Moore, Coronado \&rMoore Fabricators' production manager, has just recelved the company's sales budget for the first quarter: Its manufacturing overhead budget for the first quarter is as follows: He also has received the direct materials purchases budget and direct labar budget which were as follows: Joshua plans to have 3,200 fnished bricks at a cost of $49,000 in inventory at the beginning of the year. The company applies manufacturing overhead based on direct labor hours, and the current predetermined rates are $12.25 per direct labor hour for fixed manufacturing overthead and $1.75 per direct labor hour for variable manufacturing overhead. Prepare Coronado \& Hill's ending inventory and cost of goods sold budget for the first quarter. Assuming that the company has no beginning and ending WIP inventory. (Round unit cost to 2 decimal places, es. 5.33& all other answers to 0 decimal places, es. 5.275 ) Cost of Goods Sold BeginningWIP 5 Direct Materials used 779400 Overhead 242480 \begin{tabular}{|l|} \hline Direct Labor \\ Total Mig Cost \\ \hline \end{tabular} Ending WIP COGM 1368280 Beginning FG tiventory Step by Step Solution
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