Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Samson Inc. expects to sell 10,000 barbells for $18.00 each. Direct materials costs are $5.00, direct manufacturing labour is $6.00, and manufacturing overhead is $2.50

Samson Inc. expects to sell 10,000 barbells for $18.00 each. Direct materials costs are $5.00, direct manufacturing labour is $6.00, and manufacturing overhead is $2.50 per barbell. Each barbell requires 6 kilograms (kg) of material which is all added at the start of production. The units in work-in-process beginning and ending inventory were half complete as to direct labour and manufacturing overhead costs; the units in beginning inventory are completed before new units are started.. Each barbell requires one-quarter hour of direct labour, and manufacturing overhead is allocated based on direct labour hours. Marketing costs are $2.00 per barbell. The following inventory levels are expected to apply to 2019:
Beginning inventory
Ending inventory
Direct materials
500 kg
800 kg
Work-in-process inventory
100 units
200 units
Finished goods inventory
200 units
150 units
What are the 2019 budgeted costs for direct manufacturing labour?

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

Accounting Act Count Think

Authors: Raad Press

1st Edition

979-8643677666

More Books

Students also viewed these Accounting questions

Question

=+j Describe an effective crisis management program.

Answered: 1 week ago