Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help with all 1. Units to be produced annually: 200,000 tins Direct labor: 1 hour per 100 tins Variable overhead costs per direct labor

please help with all image text in transcribed
1. Units to be produced annually: 200,000 tins Direct labor: 1 hour per 100 tins Variable overhead costs per direct labor hour: Indirect materials $2.05 Indirect labor $1.20 Utilities $9.25 Maintenance $3.50 Fixed overhead costs per quarter: Insurance $3,000 Depreciation $2,000 Rent $12,000 What is the budgeted total manufacturing overhead for the year? (5 points) 2. Sales: 60,000 tins per quarter Variable costs per dollar of sales: sales commissions 5%, delivery expense .5%, and advertising 1.5%. Fixed costs per quarter: sales salaries $40,000, office rent $1,500, utilities $1,200, and repairs expense $200 Selling price: $10 per tin What is the budgeted total selling and administrative expenses for the quarter? (5 points) 3. Sales are 30% cash and 70% on credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale. Sales were December $180,000; January $220,000; February $250,000; and March $300,000. What was total cash received in March? (5 points) MacBook Pro

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

Produktivitat Von Dienstleistungen

Authors: Klaus Moller, Wolfgang Schultze

3rd Edition

3658040858, 9783658040857

More Books

Students also viewed these Accounting questions