Question
Please Help!!! Calculate the total projected manufacturing cost to produce each knife in 2020: (They are looking for two things here as on the original
Please Help!!!
Calculate the total projected manufacturing cost to produce each knife in 2020:
(They are looking for two things here as on the original doc there is 2 open spots next to each.)
Direct materials cost per knife =
Direct labor cost per knife =
Manufacturing overhead cost per knife =
Total projected manufacturing cost per knife for 2020 =
Calculate the cost of the projected knives sold in each quarter in 2020:
(Here they are looking for two amounts as well and the begin inventory is correct. just need the amounts for units produced in 2020)
Beginning Inventory Units Produced in 2020
First Quarter ` 600 $15,600 500
Second Quarter 1300
Third Quarter 1500
Fourth Quarter 1700
Additional INFO:
Nicole's Knives
Sales Budget
For the year ended December 31, 2020
First Quarter/Second Quarter/Third Quarter/Fourth Quarter/Total
Budgeted knives to be sold 1,100 /1,300 /1,500 / 1,700 / 5,600
Sales price per unit $75.00 /$75.00 / $75.00 / $75.00 / $300.00
Total sales $82,500 / $97,500 / $112,500 / $127,500 / $420,000
Nicole's Knives
Production Budget
For the year ended December 31, 2020
First Quarter/ Second Quarter /Third Quarter/Fourth Quarter/Total
Budgeted knives to be sold 1,100q1 / 1,300 / 1,500 / 1,700 /5,600
Plus: Desired knives in ending inventory 260q1 / 300 / 340 / 380 / 380
Total knives needed 1,360 q1/ 1,600 / 1,840 / 2,080 / 5,980
Less: Knives in beginning inventory 600q1/ 260 / 300 / 340 / 1,500
Budgeted knives to be produced 760q1 / 1,340 / 1,540 / 1,740 /5,380
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