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
Marina86 [1]
3 years ago
15

A company determined that the budgeted cost of producing a product is $30 per unit. On June 1, there were 80,000 units on hand,

the sales department budgeted sales of 300,000 units in June, and the company desires to have 120,000 units on hand on June 30. The budgeted cost of goods sold for June would be a. $7,800,000. b. $11,400,000. c. $9,000,000. d. $10,200,000.
Business
1 answer:
gtnhenbr [62]3 years ago
6 0

Answer:

c) $9,000,000

Explanation:

The cost of good sold = Cost per unit × Quantity sold

  Quantity sold = 300,000, cost per unit = $30

The cost of sold = $30 × 300,000 =  $9,000,000

This can be confirmed as follows:

                                                                  Unit

opening inventory                                     80,000

Production(see note below)                    <u> 340,000</u>

Available or sale                                       420,000

Closing inventory                                    <u>(120,000)</u>

Units sold                                                 <u>300,000</u>        

Cost of units sold = 300,000 × $30 = $9,000,000

Note :

Production budget = sales budget + closing inventory - opening inventory

= 300,000 + 120,000 - 80,000 = 340,000 units

                               

You might be interested in
Write about your last week ( over 50 words)​
Ivenika [448]
So last week, my cousin turned 17 on Thursday, June 25th. I know ironic the same day Michael Jackson died. So I go to her house for a little get together with some of her friends. Now I am pretty antisocial and spent the party alone most of the time eating food. Anyways, I also started my Harvard summer classes last week for biology, it’s a lot of work but worth it in the end.
6 0
3 years ago
Read 2 more answers
Diaz Company reports the following variable costing income statement for its single product. This company’s sales totaled 55,000
kirill [66]

Answer:

Sales                               3,575,000

Variable Manufacturing   1,567,500

Fixed Manufacturing      <u>    247,500</u>

COGS:                               1,815,000

gross profit                       1,760,000

Variable S&A expense      302,500

Fixed S&A expense     <u>        191,250  </u>

Net Income                      1,266,250‬

Explanation:

Absorption cost will consider unit cost only the manufacturing department cost the rest are period cost.

We solve for the fixed overhead per unit using produced units:

Fixed overhead $382,500 / 85,000 = 4.5

Then we add it to the variable cost of 28.5 and get a unit cost of $33

Wer multiply by the 55,000 units to get COGS

the rest will be period cost.

7 0
3 years ago
Read 2 more answers
A bachelor's degree is earned at a ___.
Oksi-84 [34.3K]

Answer: four year college

Explanation: online

7 0
3 years ago
what is the quistan to nunber four pleas help me i realy need your help if you cant help me thats fine but can you try to help m
DochEvi [55]
Yeah there is not question or upload up there

8 0
3 years ago
As it relates to inventory, a buyer's time expended to prepare the purchase order for more material is considered a(n) ____ cost
OLga [1]

Answer:

"Ordering" is the correct solution.

Explanation:

  • Ordering expenses are incurred in purchasing a new shipment of manufactured goods. This would include expenditures for the attempting to place of a purchase agreement, cost savings for the evaluation including its batches expected to receive, ends up costing for documentary evidence, etc.
  • The cost of ordering correlated negatively with either the cost of transport. This appears to mean because the much more purchases a business location including its providers, the significantly higher the ordering costs will indeed be.
3 0
2 years ago
Other questions:
  • Suppose that you are given the following information:
    6·1 answer
  • You are a financial adviser working with a client who wants to retire in eight years. The client has a savings account with a lo
    10·1 answer
  •   The brilliant colored ribs of Swiss chard can add excitement to your garnishes as a substitute for which of the following vege
    5·1 answer
  • The wages paid to milkshake makers increases. Does the supply curve for milkshakes shift? If so, does it shift to the right or t
    12·1 answer
  • A company's planned activity level for next year is expected to be 100,000 machine hours.At this level of activity, the company
    15·1 answer
  • Joe is self-employed in a store that has a rental value of $500 a month which he pays, but he can vacate the building without gi
    7·1 answer
  • A popular hotel has continued to lose business in its room service food sales over the last five years. Using the Six Sigma DMAI
    7·1 answer
  • Distinguish between private and public company???​
    10·2 answers
  • __ is an assertion or action by a party indicating that they will not perform a contractual obligation Group of answer choices A
    10·1 answer
  • Nathan was worried that his company was missing a lot of opportunity to sell their products in China because of the separation c
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!