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please answer 9-10 with work Answer questions 4-10 using the information below: Fullerton, Inc. makes and sells a single snowboard model, the Titan. In the
please answer 9-10 with work
Answer questions 4-10 using the information below: Fullerton, Inc. makes and sells a single snowboard model, the Titan. In the fall of 2019, Fullerton gathered the following data to prepare budgets for 2020: Materials and Labor Requirements Wood Fiberglass Direct labor Wood CEO expects to sell 2,900 snowboards during 2020 at an estimated retail price of $650 per board. Further, the CEO expects 2020 beginning inventory of 500 snowboards and would like to end 2020 with 200 snowboards in stock. The inventoriable unit cost for beginning finished goods inventory on January 1, 2020 is $374.80. Fiberglass 9 board feet (b.f.) per snowboard Data pertaining to the direct materials inventories are as follows: 10 yards per snowboard 2,040 b.f. 5 hours per snowboard 1,040 yards Beginning Inventory. 2020 Ending Inventory. 2020 1,540 b.f. 2,040 yards Variable manufacturing overhead is $7 per direct labor-hour. manufacturing overhead cots budgeted for 2020. Both variable and fixed overhead costs are allocated based on direct manufacturing labor-hours. Other data include the following: Wood Fiberglass Direct labor 4,700 2019 Unit Price 2,600 $32.00 per b.f. 3,200 O 4,110 $8 per yard $28.00 per hour 2020 Unit Price $34.00 per b.f. Assume Fullerton uses a FIFO inventory method for both direct materials and finished goods. Ignore work in process in your calculations. $9 per yard What are total finished good units to be produced? $29.00 per hour rces O $604,170 $486,280 $172,000 $193,000 Question 9 What is the cost of target ending inventories of finished goods? O $978,300 O $789,210 O $1,167,300 O $121,430 Question 10 What is the budgeted cost of goods sold for 2020? $3,233,520 $1,639,450 $4,319,070 O $2,582,000 1 pts 1 pts Step by Step Solution
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