Ceder Company has compiled the following data for the upcoming year: Sales are expected to...
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Ceder Company has compiled the following data for the upcoming year: • Sales are expected to be 15,500 units at $46 each. . Each unit requires 3 pounds of direct materials at $2.30 per pound. Each unit requires 2.0 hours of direct labor at $12 per hour. Manufacturing overhead is $4.80 per unit. Beginning direct materials inventory is $5,300. Ending direct materials inventory is $6,800. Selling and administrative costs totaled $138,570. Required: 1. Determine Ceder's budgeted cost of goods sold. 2. Complete Ceder's budgeted income statement. M . . . Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Ceder's budgeted cost of goods sold. Note: Do not round the intermediate values. Budgeted Cost of Goods Sold <Required 1 Required 2 > Required 1 Required 2 Complete Ceder's budgeted income statement. Note: Do not round the intermediate values. CEDER COMPANY Budgeted Income Statement Budgeted Gross Margin Budgeted Net Operating Income < Required 1 Required 2 Ceder Company has compiled the following data for the upcoming year: • Sales are expected to be 15,500 units at $46 each. . Each unit requires 3 pounds of direct materials at $2.30 per pound. Each unit requires 2.0 hours of direct labor at $12 per hour. Manufacturing overhead is $4.80 per unit. Beginning direct materials inventory is $5,300. Ending direct materials inventory is $6,800. Selling and administrative costs totaled $138,570. Required: 1. Determine Ceder's budgeted cost of goods sold. 2. Complete Ceder's budgeted income statement. M . . . Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Ceder's budgeted cost of goods sold. Note: Do not round the intermediate values. Budgeted Cost of Goods Sold <Required 1 Required 2 > Required 1 Required 2 Complete Ceder's budgeted income statement. Note: Do not round the intermediate values. CEDER COMPANY Budgeted Income Statement Budgeted Gross Margin Budgeted Net Operating Income < Required 1 Required 2
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Answer rating: 100% (QA)
To determine Ceder Companys budgeted cost of goods sold and complete the budgeted income statement we need to calculate various costs and revenues bas... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
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