Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 676,000 units, estimated beginning inventory is 109,000 units, and desired

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 676,000 units, estimated beginning inventory is 109,000 units, and desired ending inventory is 88,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below Material A: 0.50 lb. per unit @ $0.70 per pound Material B: 1.00 lb. per unit $2.26 per pound Material C: 1.20 lb, per unit @ $0.89 per pound The dollar amount of Material A used in production during the year is a. $1,480,300 b. $699,540 c. $236,600 d. $229,250 Calculator Miller and Sons' static budget for 10,500 units of production includes $43,700 for direct materials, $51,500 for direct labor, variable utilities of 57,100, and supervisor salaries of $17,000. A flexible budget for 13.000 units of production would show Round your final answer to the nearest dollar. Do not round interim calculations a direct materials of $57,850, direct labor of $68,176, utilities of $9,399, and supervisor salaries of $20,400 b. direct materials of $57,850, direct labor of $68,176, utilities of $9,399, and supervisor salaries of $17,000 c. the same cost structure in total d. total variable costs of $119,300 Use the information below for Flushing Company to answer the question that follow. Below is budgeted production and sales information for Flushing Company for the month of December. Product XXX Product ZZZ Estimated beginning inventory 28,900 units 16,500 units Desired ending inventory 34,800 units 14,600 units Region I, anticipated sales 326,000 units 253,000 units Region II, anticipated sales 193,000 units 146,000 units The unit selling price for product XXX is $7 and for product ZZZ is $15. Budgeted sales for the month are a. $6,426,000 b. $9,618,000 c. $13,770,000 d. $10,578,000 Calculator Consider Derek's budget information materials to be used, 560,000, direct labor, 5200,200; factory overhead, 5403,600, work in process inventory on January 1, $185,700; and work in progress inventory on December 31, 5191,400. What is the budgeted cost of goods manufactured for the year? a $855,500 b. $669,800 5664,100 d. $191,400 Previous Next > 9:30 PM Calculator Production and sales estimates for March for Robin Co. are as follows: 17,700 Estimated inventory (units), March 1 Desired inventory (units), March 31 19,900 Expected sales volume (units): Area M Area L 6,900 9,900 7,800 $15 Area o Unit sales price The number of units expected to be manufactured in March is Ca. 62,200 b. 44,500 c. 24,600 d. 26,800

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions