16. Bud May a budget be prepared for a Balance Sheet? Explain your answer 17. AB
ID: 2570655 • Letter: 1
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16. Bud May a budget be prepared for a Balance Sheet? Explain your answer 17. ABC Candle Co. projected sales of 75,000 candles for 2016. The estimated January 1, 2016 inventory is 2,700 units and the desired December 31, 2016 inventory is 3,500 units. What is the budgeted production - in units -for 2016? Show computations. 18. XYZ Co. budgeted production of 74,200 candles in 2016. Each candle requires olding. Assume that 10 minutes are required to mold each candle. If molding costs $15.00 per hour, determine the direct labor cost budget for 2016. labor Show computations s 940ndord Costs2Explanation / Answer
17
75000 + 3500 - 2700 = 75800 is the production budget
18...total minutes = 74200 * 10 minutes = 742000
total hours = 742000 / 60 = 12366.67
12366.67 *15 = 185500
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