1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
earnstyle [38]
1 year ago
11

The controller of MingWare Ceramics Inc. wishes to prepare a cost of goods sold budget for September. The controller assembled t

he following information for constructing the cost of goods sold budget: Direct materials: Enamel Paint Porcelain Total Total direct materials purchases budgeted for September $35,870 $7,530 $139,890 $183,290 Estimated inventory, September 1 1,730 4,150 6,920 12,800 Desired inventory, September 30 2,980 2,710 7,150 12,840 Direct labor cost: Kiln Department Decorating Department Total Total direct labor cost budgeted for September $51,550 $149,500 $201,050 Finished goods inventories: Dish Bowl Figurine Total Estimated inventory, September 1 $5,810 $3,310 $2,730 $11,850 Desired inventory, September 30 3,720 4,590 4,360 12,670 Work in process inventories: Estimated inventory, September 1 $3,540 Desired inventory, September 30 1,980 Budgeted factory overhead costs for September: Indirect factory wages $80,400 Depreciation of plant and equipment 10,550 Power and light 5,110 Indirect materials 3,390 Total 99,450 Use the preceding information to prepare a cost of goods sold budget for September. For those boxes in which you must enter subtracted or negative numbers use a minus sign. MingWare Ceramics Inc. Cost of Goods Sold Budget For the Month Ending September 30 Finished goods inventory, September 1 $Finished goods inventory, September 1 Direct labor $Direct labor Direct materials: $- Select - - Select - $- Select - - Select - $- Select - Direct labor fill in the blank 15 - Select - - Select - $- Select - Work in process inventory, September 30 fill in the blank 22 - Select - $- Select - - Select - $- Select - 4,100
Mathematics
1 answer:
Triss [41]1 year ago
7 0

The preparation of the Cost of Goods Sold Budget for MingWare Ceramics Inc. in September is as follows:

<h3>Cost of Goods Sold Budget:</h3>

Beginning inventory of finished goods $11,850

Cost of goods manufactured                485,310

Ending inventory of finished goods      (12,670)

Cost of Goods Sold                           $484,490

<h3>What is the cost of goods sold budget?</h3>

The cost of goods sold budget sums the costs of the beginning inventory of finished goods with the cost of goods manufactured and subtracts the ending inventory of finished goods.

The cost of goods sold budget is based on the cost of goods manufactured budget.

<h3>Data and Calculations:</h3>

Direct materials:                            Enamel        Paint     Porcelain      Total    

Total direct materials purchases

budgeted for September            $35,870    $7,530    $139,890  $183,290

Estimated inventory, September 1   1,730        4,150          6,920      12,800 Desired inventory, September 30 (2,980)      (2,710)         (7,150)    (12,840)

Materials used in production                                                          $183,250

Direct labor cost:           Kiln Department    Decorating Department   Total

Total direct labor cost

budgeted for September    $51,550                   $149,500        $201,050

Finished goods inventories:             Dish       Bowl     Figurine             Total

Estimated inventory, September 1  $5,810   $3,310     $2,730        $11,850

Desired inventory, September 30    3,720    4,590       4,360         12,670

<h3>Cost of goods manufactured budget:</h3>

Work in process inventories:

Estimated inventory, September 1      $3,540

Direct materials used in production $183,250

Direct labor costs                              $201,050

Total factory overhead costs             $99,450

Desired inventory, September 30       (1,980)

Cost of goods manufactured           $485,310

<h3>Budgeted factory overhead costs for September:</h3>

Indirect factory wages $80,400

Depreciation of plant and equipment 10,550

Power and light 5,110

Indirect materials 3,390

Total 99,450

Thus, to prepare the cost of goods sold, as above, MingWare Ceramics, requires to determine the cost of goods manufactured for September.

Learn more about the cost of goods sold budget at brainly.com/question/15967724

#SPJ1

You might be interested in
Consider a function that describes how a particular cars gas mileage depends on its speed. What would be an appropriate domain f
Elina [12.6K]

gas mileage = k*s, where k is a constant of proportionality and s is the speed. Unfortunately, this does not take into account the fact that the engine consumes fuel even when the car is not moving.


Here it makes most sense to regard {0, S} as the domain for this function. Here, S would represent the car's top speed.


8 0
3 years ago
Read 2 more answers
Write at least 2 numerical expressions for each written phrase below. Then, solve.
zloy xaker [14]

Answer:

a. \frac{3}{5}(7)\text{ or }\frac{3\times 7}{5}

b. \frac{1}{6}(4\times 8)\text{ or }\frac{4\times 8}{6}

Step-by-step explanation:

In numerical expressions we write numbers with the mathematical symbols (  i.e. '+', '-' etc )

a. Given phrase,

Three fifths of seven,

\frac{3}{5}(7)

=\frac{3\times 7}{5}

=\frac{21}{5}

=4\frac{1}{5}

b. One sixth the product of four and eight,

\frac{1}{6}(4\times 8)

=\frac{4\times 8}{6}

=\frac{32}{6}

=5\frac{1}{3}

7 0
3 years ago
Please help I am begging !!!!!25 points!!!!! Brainlest !!!!!! Please help me I really need it the questions are on the bottom th
tangare [24]

Answer:

A the sybol is facing the wrong way so it means greater than or equal not less than or equal to

B the gross value is accuratly represented and the symbol is facing the correct way

I think


6 0
3 years ago
Use the drawing tool(s) to form the correct answer on the provided graph.
AlekseyPX

The solutions to the system of equations are (-2,-6) and (4,6)

<h3>How to determine the system of equations?</h3>

We have:

-2x + y = -2

y = -\frac12x^2 + 3x + 2

Next, we plot the graph of both functions.

From the attached graph, the equations intersect at (-2,-6) and (4,6)

Hence, the solutions to the system of equations are (-2,-6) and (4,6)

Read more about system of equations at:

brainly.com/question/21405634

#SPJ1

5 0
2 years ago
How do you rewrite y-3=4(x-5) turn into Slope Intercept Form
marissa [1.9K]

Answer:

20

Step-by-step explanation:

cause when you do 3=4 equals 4 then multiply 5 then you have 20

6 0
3 years ago
Other questions:
  • Myra owns a car service that charges a $5 flat rate and an additional $0.50 per mile, which is represented by the equation y = 0
    6·2 answers
  • You use the length of your shoe to measure your room. Your shoe is 9.75 inches long. You walk across the room, heel to toe, and
    11·1 answer
  • What is the simplified form of the following expression 2 sqrt 27 + sqrt 12 -3 sqrt 3-2 sqrt 12
    8·1 answer
  • Which line is parallel to a line whose slope is 2/5?
    11·1 answer
  • Which is true? A 5.4793 &lt; 5.4812 B 5.2189 = 5.219 C 5.0359 &gt; 5.0923 D 5.0167 &lt; 5.0121
    12·2 answers
  • HELP ME PLS OMG -LS PLS PLS PLS ASAP ASAP PLS pls ASAP
    5·2 answers
  • How do i solve this <br><br> it’s geometry
    9·1 answer
  • The rent for an apartment was $6,600 per year in 2012. If the rent increased at a rate of 4% each year thereafter, use an expone
    11·1 answer
  • Sebastian grew 21-3 inches each year for the past 3 years. How many inches total has Sebastian grown in the past 3 years?
    10·1 answer
  • Find the value of K to complete the square for the quadratic function y=x to the second power - 6x + k PLEASE HELP IT WOULD BE A
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!