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 12,500 units at $60 each. • Each unit requires 3 pounds of direct materials at $3.20 per pound. • Each unit requires 2.0 hours of direct labor at $15 per hour. • Manufacturing overhead is $4.20 per unit. Beginning direct materials inventory is $4,700. Ending direct materials inventory is $5,900. ● . Selling and administrative costs totaled $137,670. Required: 1. Determine Ceder's budgeted cost of goods sold. 2. Complete Ceder's budgeted income statement. 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 > 2 5 • Manufacturing overneaa is $4.20 per unit. Beginning direct materials inventory is $4,700. Ending direct materials inventory is $5,900. . . . Selling and administrative costs totaled $137,670. Required: 1. Determine Ceder's budgeted cost of goods sold. 2. Complete Ceder's budgeted income statement. Complete this question by entering your answers in the tabs below. 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 Ceder Company has compiled the following data for the upcoming year: • Sales are expected to be 12,500 units at $60 each. • Each unit requires 3 pounds of direct materials at $3.20 per pound. • Each unit requires 2.0 hours of direct labor at $15 per hour. • Manufacturing overhead is $4.20 per unit. Beginning direct materials inventory is $4,700. Ending direct materials inventory is $5,900. ● . Selling and administrative costs totaled $137,670. Required: 1. Determine Ceder's budgeted cost of goods sold. 2. Complete Ceder's budgeted income statement. 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 > 2 5 • Manufacturing overneaa is $4.20 per unit. Beginning direct materials inventory is $4,700. Ending direct materials inventory is $5,900. . . . Selling and administrative costs totaled $137,670. Required: 1. Determine Ceder's budgeted cost of goods sold. 2. Complete Ceder's budgeted income statement. Complete this question by entering your answers in the tabs below. 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
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Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
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