Prasmul Corporation is preparing its budget for the coming year, $2023.$ The first step is to plan for the first quarter of that coming year. The company has gathered information from its managers in preparation of the budgeting process.

Sales

Sales for the first quarter is $1,000$ units. It is projected to be increase $20\%$ in every quarter. The unit price is $$80$

Productions

Prasmul wish to maintain desired ending finished goods in each quarter to be $10\%$ of the next quarter expected unit sales

Direct materials

Direct materials needed per unit is $2$ kilogram. The price per kilogram is $$10.$ Prasmul likes to keep $10\%$ of the materials needed for the next quarter in its ending inventory.

Direct labors

Labor required $30$ minutes per unit for completion and is paid at a rate of $$15$ per hour Manufacturing Overhead

Variable manufacturing overhead is based on direct labor hour. Total variable manufacturing overhead rate is $$15$ per direct labor hour. Total fixed manufacturing overhead for the year will be $$410,000.$ The predetermined overhead rate is $$30$ per direct labor hour

Selling and Administrative Expense

Variable selling and administrative cost per unit is $$10$ per unit sold. Fixed selling and administrative expenses are $$50,000$ per quarter

Instructions

a$.$ Determine the total expected unit sold for the year $20235,368$ units b$.$ Determine the unit production required in Q$21,224$ units

c$.$ Determine the total cost of direct material purchase in Q$1$ $$20,808$ d$.$ Determine the total direct labor cost in Q$3$ $$11,016$

e$.$ Deternine the Cost of Goods Sold for the year $2023$ $$228,140$