NTING PRINCIPLES ITIMANAGERIAL CHAPTER 7 TBC-BUDGETING fo information concerning

Question

NTING PRINCIPLES ITIMANAGERIAL CHAPTER 7 TBC-BUDGETING fo information concerning sales and production for Moore Company for July, 2016, are summarized as follows a. Estimated sales: Product K: Product L: 40,000 units at $30 per unit 20,000 units at $65 per unit b. Estimated inventories, July 1, 2016: Material A: Material B: 4,000 lbs. 3,500 lbs. Product K: Product L: 3,000 units at $17 per unit 2,700 units at $35 per unit 51,000 94,500 ere were not work in process inventories estimated for July 1, 2016. c. Desired inventories at July 31, 2016: Material A: Material B: 3,000 Ibs. 2,500 Ibs. Product K: Product L: 2,500 units at $17 per unit 2,000 units at $35 per unit 42,500 70,000 There were no work in process inventories desired for July 31, 2016. d. Direct materials used in production: Material A: Material B: Product K 0.7 lb. per unit 1.2 Ibs. per unit Product L 3.5 lbs. per unit 1.8 lbs per unit e. Unit costs for direct materials: Material A: $4.00 per lb. Material B: 2.00 per lb. f. Direct labor requirements Product K: Product L: Department 1 0.4 hr. per unit 0.6 hr. per unit Department 2 0.15 hr. per unit 0.25 hr. per unit Department 1 $12.00 per hr Department 2 $16.00 per hr. 9. Direct labor rate

Explanation / Answer

1)

2)

3)

4)

Sales Budget for july Product K L Total Units sales 40000 20000 unit price 30 65 Total sales 1,200,000 1,300,000 2,500,000

Related Questions

Navigate

• Browse (All)
• Browse N
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.