Question
SALES PROJECTIONS Wilson Sports basketball sales in August were 152,000 units. Sales are expected to grow by 1.5% in September. October sales are expected to
SALES PROJECTIONS
Wilson Sports basketball sales in August were 152,000 units. Sales are expected to grow by 1.5% in September. October sales are expected to be 1,000 units less than in September. November sales will be 1% more than October. The selling price of the basketballs will remain the same $30 per unit. December sales projection is 157,000 units.
REQUIREMENTS
Each basketball requires .25 pounds of materials at a cost of $7 per pound. December production are projected to be 156,000 units.
Each basketball requires 15 minutes of labor at a rate of $12.00 per hour
Fixed Overhead is $400,000 monthly and variable overhead is assigned as 130% of direct labor
CALCULATE PRODUCT COST
SALES PROJECTIONS
Wilson Sports basketball sales in August were 152,000 units. Sales are expected to grow by 1.5% in September. October sales are expected to be 1,000 units less than in September. November sales will be 1% more than October. The selling price of the basketballs will remain the same $30 per unit. December sales projection is 157,000 units.
REQUIREMENTS
Each basketball requires .25 pounds of materials at a cost of $7 per pound. December production are projected to be 156,000 units.
Each basketball requires 15 minutes of labor at a rate of $12.00 per hour
Fixed Overhead is $400,000 monthly and variable overhead is assigned as 130% of direct labor
CALCULATE PRODUCT COST
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
3rd Edition
0324274319, 9780324274318
