Merrypippin, Inc. budgeted sales of 120,000 units next month and 125,000 the month after that. Each month, Merrypippin keeps 20% of the next months sales in ending FG inventory, and keeps no raw materials inventory. Merrypippin estimated the following amounts:

Item	Total amount	or	Per unit
Direct materials			4 pounds @ $8/pound
Direct labor			2.5 hours @ $18/hour
Variable MOH			$15/DL hour
Selling price			$315.00
Fixed MOH	$8,375,000
Period Costs	$10,290,000
Beginning finished goods inventory	$2,000,000

Find the following amounts for next month:

a. Budgeted revenue

Dollars

Correct

b. Budgeted production

Incorrect

c. Budgeted direct labor hours

d. Budgeted direct labor cost

Dollars

e. Budgeted direct material usage in pounds

f. Budgeted cost of direct material usage

Dollars

g. Budgeted manufacturing overhead

Dollars

h. Predetermined manufacturing overhead rate

Dollars

i. The value of budgeted ending finished goods inventory

Dollars

j. Budgeted cost of goods sold

Dollars

k. Budgeted operating income