Question
Problem 1 Budgeting Corporation has the following information available: Units Sold 3,000 Unit Price $80.00 Budgeted Direct Materials Per Unit 1.50 Budgeted Direct Labor Hours
Problem 1 Budgeting
Corporation has the following information available:
Units Sold 3,000
Unit Price $80.00
Budgeted Direct Materials Per Unit 1.50
Budgeted Direct Labor Hours Per Unit 1.75
Overhead Rate Per Direct Labor Hour $15.00
Current Inventory of Finished Goods 200
Target Inventory of Finished Goods 100
Current Inventory of Direct Materials 300
Target Inventory of Direct Materials 400
Cost Per Direct Material $5.00
Cost Per Direct Labor Hour $15.00
Review keeps no inventory of work in process or finished goods.
Calculate the following amounts:
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Calculations:
Please show the calculation, TYPE! NO EXCEL
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