Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Product get on Dece Knox Ayer Target ending inventory in units 2.000 1.000 Direct materials S Metal 3 per kilogram (same as in 2016) Fabric

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Product get on Dece Knox Ayer Target ending inventory in units 2.000 1.000 Direct materials S Metal 3 per kilogram (same as in 2016) Fabric $ 4 per metre same as in 2016) Direct manufacturing labour S 20 per hour Machine setup overhead S 130 per hour Content of Each Product Unit Product Print Done Product Knox Ayer Metal 2 kilograms 3 kilograms Fabric 1 metre 1.5 metres Direct manufacturing labour 0.15 hours 0.2 hours Machine setup overhead 0.03 hours 0.05 hours Direct Materials Metal Fabric Target ending inventory 10.000 kilograms 5.000 metres h Print Done Cost per Calculate (1) the budgeted unit costs of ending finished-goods inventory on December 31, 2017 (label it Schedule 6A) and (2) Knox Ayer Input per unit of Input per unit of unit of input output Total output Total Metal 3 6.00 9.00 Fabric 4 4.00 6.00 Direct manufacturing labour 20 0.15 hrs. 3.00 4.00 130 0.03 hrs. 3.90 Machine setup overhead 0.05 hrs. 6.50 $ 16.90 25.50 Total 2 kg 1 m 3 kg 1.5 m 0.2 hrs. (2). Calculate the ending inventories budget on December 31, 2017 (label it Schedule 6B). (Enter cost per unit amounts to the Schedule 6B: Ending Inventories Budget December 31, 2017 Enter any number in the edit fields and then click Check Answer All parts showing Clear All (Click the icon to view the information.) Calculate (1) the budgeted unit costs of ending finished-goods inventory on December 31, 2017 (label it Schedule 6A) and (2) (2). Calculate the ending inventories budget on December 31, 2017 (label it Schedule 6B). (Enter cost per unit amounts to then Schedule 6B: Ending Inventories Budget December 31, 2017 Quantity Cost per unit Total Direct materials Metal Fabric Finished goods Knox Ayer Total ending inventory Enter any number in the edit fields and then click Check Answer. All parts showing Clear All Type here to search o TT

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

Introduction To Financial Accounting

Authors: CHARLES T. HORNGREN AND ET ALL.

11th Edition

9352862473, 978-9352862474

More Books

Students also viewed these Accounting questions