Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Page 1: 1 2 3 - > Question 24 (2 points) ACME Corporation produces etched wine glasses. The production budget for 2022 and the

image text in transcribed

Page 1: 1 2 3 - > Question 24 (2 points) ACME Corporation produces etched wine glasses. The production budget for 2022 and the beginning and ending inventory data are as follows: 1 2022 2 3 4 2023 1 (Jan - Mar) (Apr - Jun) | (Jul - Sep) (Oct-Dec) | (Jan - Mar) 20,000 23,000 28,000 25,000 26,000 4 5 6 Quarter Estimated production (units) 7 a > > > 8 9 Jan 01, 2022 beginning sand inventory (Kgs) 1,500 10 < 13 11 12 => > 14 15 15 #1 1 16 17 18 19 20 15 1 21 21 The sand is fired and formed into wine glasses, which are then etched. Each glass requires 0.5 kilograms of sand that costs $2.00 per kilogram. The company wants to have 5,000 kg of sand on hand at the end of each quarter. Each glass required 15 minutes of direct labour at a rate of $15.00 per hour. a) What is the budgeted cost of direct material for the Second (2nd) quarter of 2022. b) What is the budgeted cost of direct labour for the Second (2nd) quarter of 2022. Please enter your answer in the following format: $##,### Do not use decimals in your answer. Example: five thousand dollars is entered as $5,000. Blank # 1 Blank #2 A A

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial and Managerial Accounting Information for Decisions

Authors: John Wild, Ken Shaw, Barbara Chiappetta

6th edition

78025761, 978-0078025761

More Books

Students also viewed these Accounting questions

Question

What are the degrees of freedom associated with ????e.

Answered: 1 week ago

Question

BPR always involves automation. Group of answer choices True False

Answered: 1 week ago

Question

How should our group manage conflict?

Answered: 1 week ago

Question

How does Toyota emphasize teamwork throughout the organization?

Answered: 1 week ago