Fancy Runners manufactures and sells table runners for an average price of $18.00. Other facts are as

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Fancy Runners manufactures and sells table runners for an average price of $18.00. Other facts are as follows:

● Materials cost $12 per runner.

● The company projects 16,000 runners to be sold in August, 40,000 in September, and 30,000 in October.

● The company wishes to have inventory of runners equal to 15% of next month's sales in units.

● Conversion costs (direct labor and overhead) are budgeted at $30,000 for September.

What are the budgeted total production costs for September?

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Managerial Accounting

ISBN: 9780137689453

1st Edition

Authors: Jennifer Cainas, Celina J. Jozsi, Kelly Richmond Pope

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Question Posted: Sep 05, 2023 07:42 AM

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Fancy Runners manufactures and sells table runners for an average price of $18.00. Other facts are as

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Analyze September inventory to determine product...View the full answer

Managerial Accounting

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