Question: Answer the following questions using the information below. Magna, Inc, expects to sell 6,000 melamine vases for $20 each. Direct materials costs are $2. direct
Answer the following questions using the information below. Magna, Inc, expects to sell 6,000 melamine vases for $20 each. Direct materials costs are $2. direct manufacturing laboris 510, and manufacturing overhead is $3 per vase. The following inventory levels apply to 2017: Beginning inventory Ending Inventory Direct materials 1,000 units 1,000 units Work-in-process inventory O units O units Finished goods inventory 400 units 500 units a. On the 2016 budgeted income statement, what amount will be reported for sales? b. How many melamine vases should be produced in 2017
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