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
Licemer1 [7]
3 years ago
9

Ply-Disc makes Frisbee-type plastic discs. Each 12 inch diameter plastic disc has the following manufacturing costs

Business
1 answer:
Fudgin [204]3 years ago
6 0

Answer:

The total budgeted cost of units produced $1,425,000

Explanation:

Total unit cost includes all the manufacturing costs like material, labor and overhead. It is used to calculating the inventory value.

As there is no beginning and ending inventory of work in process. The given beginning and ending inventory is Finished goods inventory.

Beginning Inventory = 16,000 units x $4.75 per unit = $76,000

Total Budgeted cost =

Unit produced = 300,000 units

Cost of Goods sold Budget

Direct material             $501,000

Direct labor                  $168,000

Variable overhead      $216,000

Fixed overhead           <u>$540,000</u>

Total Manufacturing cost                               $1,425,000

Add: Beginning Finished goods inventory   $76,000

Less: Ending Finished goods inventory        <u>$147,250   </u>

Cost of Goods Sold                                        <u>$1,353,750</u>

Workings:

Direct material = $1.67 x 300,000 units = $501,000

Direct labor = $0.56 x 300,000 units = $168,000

Variable overhead = $0.72 x 300,000 units = $216,000

Fixed overhead = $1.80 x 300,000 units = $540,000

Total Budgeted cost = $501,000 + $168,000 + $216,000 + $540,000 = 1,425,000

Ending Finished goods inventory = Beginning Finished goods inventory + Production in the period - Sales in the period = 16,000 + 300,000 - 285,000 = 31,000 units

Value of Ending Finished goods inventory = 31,000 units x 4.75 = $147,250

You might be interested in
During its first year of operations, Silverman Company paid $12,385 for direct materials and $10,600 for production workers' wag
Bingel [31]

Answer:

Finished goods inventory final balance= 12, 495

Explanation:

PRODUCTION COST COMPONENTS

  • Direct materials 12,385  
  • Direct work 10,600  
  • Lease and utilities 9,600

TOTAL PRODUCTION COST = 32,585

TOTAL UNITS PRODUCED = 6,650

UNIT COST= (Total Production Cost / Total Units Produced) = 32,585 / 6,650 = 4.9  

FINAL GOODS INVENTORY = (Total Units Produced – Total Units Sales) = 6,650 – 4,100 = 2,250

FINAL GOODS INVENTORY AMOUNT = (Final goods Inventory * Unit Cost) = 2,250 * 4.9 = 12,495

4 0
3 years ago
Canoe Company's manufacturing accounting system uses direct labor costs to apply overhead to goods in process and finished goods
sasho [114]

Answer:

Estimated manufacturing overhead rate= $0.2 per direct labor dollar

Explanation:

Giving the following information:

Direct labor, $30,000

Factory overhead applied $6,000.

<u>To calculate the predetermined overhead rate, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

6,000= Estimated manufacturing overhead rate*30,000

6,000 / 30,000 = Estimated manufacturing overhead rate

Estimated manufacturing overhead rate= $0.2 per direct labor dollar

4 0
3 years ago
Can somebody help me find a pattern in these numbers?
Papessa [141]
1 and 5 would be the numbers
3 0
2 years ago
The only way to establish a cause-and-effect relationship between two variables is to conduct a(n) ________. experiment
FromTheMoon [43]
<span>The only way to establish a cause-and-effect relationship between two variables is to conduct an experiment.
First we state a hypothesis and then we make the experiment. The experiment should </span>support, refute, or validate our hypothesis. It is done by making<span> changes in one variable and observing is that might </span>lead to<span> changes in another variable (cause-and-effect).</span>
3 0
2 years ago
Which is a desirable characteristic to look for when choosing a credit card? no grace period low down payment no annual fee high
vredina [299]
The best choice is no annual fee
3 0
3 years ago
Read 2 more answers
Other questions:
  • Orders placed for buying shares of a mutual fund any time up to 4:00 p.m. are priced at that day’s net asset value (NAV), and or
    9·1 answer
  • Manfred Mining Company is required to restore a piece of land to its original condition after it completes extraction of preciou
    13·1 answer
  • Laws relevant to most marketers include aimed at promoting fair competition and at ____.
    8·2 answers
  • Five days after signing a contract to purchase a new timeshare in North Carolina, the buyer cancels the timeshare contract. Acco
    12·1 answer
  • Universal Foods issued 10% bonds, dated January 1, with a face amount of $260 million on January 1, 2018. The bonds mature on De
    5·1 answer
  • _ are unique because the technology is based on the human brain and focuses on pattern recognition from large data sets. A. Lear
    8·1 answer
  • At a​ delicatessen, one employee greets patrons and takes their orders. Another employee assembles the sandwiches. A third emplo
    13·1 answer
  • Exercise 8-7 At December 31, 2018, Concord Corporation Company had a credit balance of $18,800 in Allowance for Doubtful Account
    11·1 answer
  • You were recently hired by Scheuer Media Inc. to estimate its cost of capital. You obtained the following data: D1 = $1.75; P0 =
    10·1 answer
  • What is the term for an employer's obligation to do something to enable an otherwise qualified person to perform a job? Multiple
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!