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Please answer all questions if possible! (Please write out correct answer and whether its A, B, C or D.) Thank you! Production and sales estimates
Please answer all questions if possible! (Please write out correct answer and whether its A, B, C or D.) Thank you!
Production and sales estimates for May are as follows: Estimated inventory (units), May 1 8,000 Desired inventory (units), May 31 9,000 Expected sales volume (units): Area A 4,000 Area B 10,000 Area C 6,000 Unit sales price $25 The budgeted total sales for May is: $500,000 $525,000 $225,000 O $200,000 Wheeling Company plans to produce 200 units. For each unit produced, the company expects to use 3 hours of direct labor. Its workers are paid $12 per hour. Where should the cost of direct labor be recorded on a T- account budget? o the left inner column of Work in process and the right inner column of Wages payable o the left inner column of Factory overhead and the right inner column of Wages payable o the left inner column of Selling and administrative expense and the right inner column of Wages payable o the left inner column of Wages expense and the right inner column of Wages payable Factory overhead costs are budgeted to be: $200 Supervisory labor Depreciation of equipment 251 These should be recorded O on the left inner column of Factory overhead, the right inner column of Wages payable, and the right inner column of Accumulated depreciation O on the left inner column of Work in process inventory and the right inner column of Factory overhead O on the left inner column of Factory overhead, the right inner column of Wages payable, and the right inner column of Equipment O on the left inner column of Factory overhead, the right inner column of Wages payable, and the right inner column of Depreciation expense Step by Step Solution
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