Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

please show work answer requirement 7 and Thingtwo. In July 2016, Sache's budget department gathered the following data to prepare e ica Budget Data Factu

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
please show work
answer requirement 7
and Thingtwo. In July 2016, Sache's budget department gathered the following data to prepare e ica Budget Data Factu 072 306 858. Hars) 2017 Projected Sales Product Units Price Thingone 68.000 $ 162 Thingtwo 48.000 $ 264 2017 Inventories in Units Expected Target Product January 1, 2017 December 31, 2017 Thingone 29,000 34,000 Thingtwo 11.000 12.000 get 17 Ho Wagd Print Done (5 complete) - X i Actual and Projected Direct Materials Data pare gon kt da any The following direct materials are used in the two products: Amount Used per Unit Direct Material Unit Thingone Thingtwo pound 4 5 B pound 2 3 21 2 8 each 0 1 doll udg 201 Projected data for 2017 for direct materials are: Anticipated Expected Direct Purchase Inventories Material Price January 1, 2017 A 12 35.000 lb Target Inventories December 31, 2017 $ 38,000 lb B 7 31.000 lb 9,000 units 34,000 lb 11 000 units 6 6 er. Print Done ..) actu Projected Direct Manufacturing Labor Data - X 072 306 Projected direct manufacturing labor requirements and rates for 2017 2858 are Product Hours per Unit lars) Rate per Hour $ 12 2 get 17 Thingone Thingtwo 3 $ 15 Print Done Hol Wagrate TULUT 5 of 96 complete HW Score: P6-37 (similar to) The Sache Corporation manufactures and sells two products Thingone and Thingth In July 2016, Sache's budget department gathered the following data to prepare budgets for 2017 (Click the icon to view the budget data) (Click the icon to view the actual and projected direct materials data) Cack the icon to view the projected direct manufacturing labor data) Manufacturing overhead is allocated at the rate of 519 per direct manufacturing labor hour Read the imants Requirement 7. Prepare the budgeted finished goods mentory at December 31, 2017 (in dollars) Begin by calculating finished goods for Thingone then calculate Thingtwo and the total budgeted finished goods. (For entries with a 50 balance, make sure to enter in the appropriate fold) Sache Corporation Budgeted Finished Goods Inventory December 31, 2017 Thingone Direct materials costs per un 40 14 al By number in the sand then click Check Answet ACC-360-0500 Homework: ACC-360 Benchmark - Topic 5 Ass 5 of 9 Score: 14.42 of 20 pts WP6-37 (similar to) The Sache Corporation manufactures and sells two products: Thingone and Thingtwo. In July 2016, Sache's bud (Click the icon to view the budget data) (Click the icon to view the actual and projected dir Click the icon to view the projected direct manufacturing labor data.) Manufacturing overhead is allocated at the rate of $19 per direct manufacturing labor-hour. Read the requirements ry Direct materials costs per unit: 48 14 B 62 24 Direct manufacturing labor costs per unit Manufacturing overhead costs per unit of Thingone Budgeted manufacturing costs per unit Finished goods inventory of Thingone Enter any number in the edit fields and then click Check Answer 3 parts remaining

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Cornerstones of Financial and Managerial Accounting

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

2nd edition

978-1111879044

Students also viewed these Accounting questions