Vinall Corporation makes one product and has provided the following information: Budgeted sales, May 9,500 units Raw
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Vinall Corporation makes one product and has provided the following information:
Budgeted sales, May | 9,500 | units | ||
Raw materials requirement per unit of output | 2 | pounds | ||
Raw materials cost | $ | 2.00 | per pound | |
Direct labor requirement per unit of output | 2.7 | direct labor-hours | ||
Direct labor wage rate | $ | 20.00 | per direct labor-hour | |
Predetermined overhead rate (all variable) | $ | 10.00 | per direct labor-hour | |
The estimated cost of goods sold for May is closest to:
$256,500
$551,000
$646,000
$807,500
Related Book For
Introduction to Managerial Accounting
ISBN: 978-0078025792
7th edition
Authors: Peter Brewer, Ray Garrison, Eric Noreen
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