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kari74 [83]
3 years ago
5

A company has the following annual budget data: Beginning finished goods inventory 53,000units Sales 83,000units Ending finished

goods inventory 43,000units Direct materials$14per unit Direct labor$25per unit Variable factory overhead$6per unit Selling costs$3per unit Fixed factory overhead$93,000 What are total budgeted production costs for the year
Business
1 answer:
Lunna [17]3 years ago
8 0

Answer:

Total budgeted production costs $ 3378,000

Explanation:

Production Units= Ending Units + sales - Beginning Units

Production units=  43000+ 83000-53000= 73000

Direct materials $14per unit *73000= $ 1022,000

Direct labor $25per unit *73000= $ 1825,000

Variable factory overhead $6per unit *73000= $ 438,000

Fixed factory overhead $93,000

Total Manufacturing Costs $ 3378,000

Total Production Costs do not include Selling costs. Production costs include costs required to convert raw material into specific products. Selling costs are related to the sale of a product.

The production costs include the costs of manufacturing , FOH, direct materials and direct labor.

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Answer:

cost of goods available for sale= $29,100

Explanation:

Giving the following information:

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cost of goods available for sale= beginning finished goods inventory + purchases

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We know that:

cost of goods manufactured= Beginning Finished Goods Inventory​ + purchases - Ending Finished Goods Inventory​

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3 years ago
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According to the expectations theory of the term structure the interest rate on long-term bonds will exceed the average of short
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Answer:

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