Question
Wolsey Industries Inc. expects to maintain the same inventories at the end of 2016 as at the beginning of the year. The total of all
Wolsey Industries Inc. expects to maintain the same inventories at the end of 2016 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as follows:
Please help me by following the layout I screenshotted!
It is expected that 22,325 units will be sold at a price of $140 a unit. Maximum sales within the relevant range are 27,200 units.
Estimated Fbed Estimated Estimated Fixed Varfable Cost Cost per unit sold) 2Production costs 3 Direct materias | Direct labor 5 Factory overhead 6 Selling expenses: 36.00 $188,000.00 20.00 Sales salaries and commissions &Advertising 9 Travel 10 Miscellaneous selling expense 11 Administrative expenses 12 Office and officers' salaries 13 Supplies 14 Miscellaneous administrative expense 15 Total 106,000.00 42,000.00 9,000.00 7,000.00 100 160,800.00 8,000.00 15,000.00 $535,800.00 6.00 100 $105.00Step by Step Solution
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