Company A expects to sell 26,000 pencil cases for $14 each. Direct materials costs are $2, direct
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Question:
Company A expects to sell 26,000 pencil cases for $14 each. Direct materials costs are $2, direct manufacturing labor is $4, and manufacturing overhead is $0.89 per pencil case. The following inventory levels apply to 2021: Beginning Direct Material Inventory: 31,000 units Ending Direct Material Inventory: 31,000 units Beginning Finished Goods Inventory: 1,900 units Ending Finished Goods Inventory: 3,400 units
1). On the 2021 budgeted income statement, what amount will be reported for cost of goods sold?
2). What are the 2021 budgeted costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively?
Expert Answer:
Answer 1Computation of Cost of Goods Sold Cost of Goods Sold Total Mnaufacturing Co... View the full answer
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