1) Fantastic Futons manufactures futons. The estimated number of futon sales for
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1) Fantastic Futons manufactures futons. The estimated number of futon sales for the first three months of 2010 are as follows:
2) Fantastic Futons manufactures futons. The estimated number of futon sales for the first three months of 2010 are as follows:
3) Fantastic Futons goes through two departments in the production process. Each futon requires two direct labor hours in Department A and one hour in Department B. Labor cost is $8 per hour in Department A and $10 per hour in Department B.Assuming the amount budgeted to be produced in January is 30,000 units, what is the budgeted direct labor cost for January?
4) The projections of direct materials purchases that follow are for the Sombo Corporation.
5) Fallgatter, Inc., expects to sell 17,500 units. Each unit requires 3 pounds of direct materials at $12 per pound and 2 direct labor hours at $10 per direct labor hour. The overhead rate is $8 per direct labor hour. The beginning inventories are as follows: direct materials, 2,000 pounds; finished goods, 2,500 units. The planned ending inventories are as follows: direct materials, 5,600 pounds; finished goods, 3,000 units.Given a planned production of 10,000 units, what are the planned direct materials purchases?
6) Leaverton's forecast of sales is as follows: July, $60,000; August, $90,000; September, $130,000. Sales are normally 80 percent cash and 20 percent credit in any month. Credit sales are collected in full in the following month. Merchandise cost averages 60 percent of sales price. The company desires an inventory as of September 30 of $52,000. The inventory as of June 30 was $25,000.Total cash receipts for August will be
January 40,000 February 50,000 March 60,000Explanation / Answer
5) Fallgatter, Inc., expects to sell 17,500 units. Each unit requires 3 pounds of direct materials at $12 per pound and 2 direct labor hours at $10 per direct labor hour. The overhead rate is $8 per direct labor hour. The beginning inventories are as follows: direct materials, 2,000 pounds; finished goods, 2,500 units. The planned ending inventories are as follows: direct materials, 5,600 pounds; finished goods, 3,000 units.Given a planned production of 10,000 units, what are the planned direct materials purchases? ANSWER=$376,800 ========================================================================================================================================================================================= 6) Leaverton's forecast of sales is as follows: July, $60,000; August, $90,000; September, $130,000. Sales are normally 80 percent cash and 20 percent credit in any month. Credit sales are collected in full in the following month. Merchandise cost averages 60 percent of sales price. The company desires an inventory as of September 30 of $52,000. The inventory as of June 30 was $25,000.Total cash receipts for August will be ANSWER=$84,000 ========================================================================================================================================================================================= Fantastic Futons goes through two departments in the production process. Each futon requires two direct labor hours in Department A and one hour in Department B. Labor cost is $8 per hour in Department A and $10 per hour in Department B.Assuming the amount budgeted to be produced in January is 30,000 units, what is the budgeted direct labor cost for January? ANSWER=$780,000
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