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Production and related schedules Goldstein Inc. manufactures and sells plastic boxes and trays. Sales are projected to be evenly spread over the annual period. Estimated
Production and related schedules Goldstein Inc. manufactures and sells plastic boxes and trays. Sales are projected to be evenly spread over the annual period. Estimated product sales and material needs for each unit of product follow. Overhead is applied at a rate of $1.60 per direct labor hour. Material A costs $0.05 per pound, and Material B costs $0.07 per pound. Prepare the following information: a. Production schedule by product. Note: Use a negative sign in your schedule to indicate that an amount is subtracted. b. Purchases budget in units by raw material, in total, and in dollars. Note: Round your final answers to the nearest whole dollar. c. Direct labor budget in hours by product, in total, and in dollars. The average direct labor wage rate is $9.50 per hour. d. Overhead to be charged to production by product and in total
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