Daniel, Inc., plans to produce 5700 ceramic vases. Total budgeted FMOH is $5700. Information regarding the budgeted
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Daniel, Inc., plans to produce 5700 ceramic vases. Total budgeted FMOH is $5700.
Information regarding the budgeted variable costs are given below:
Input standard | Price standard | ||
Direct materials | 2 lbs | $1.60 /lb | |
Direct labor | 1 hr | $13/hr | |
Variable MOH | 1 hr | $7/hr | |
Fixed MOH |
The following inventory levels apply to 20X4:
Beginning inventory | Ending inventory | |
Direct materials | 11000 lbs | 9000 lbs |
WIP | 0 units | 0 units |
Finished goods | 600 vases | 400 vases |
What is the value of ending inventory in dollars?
Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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