Daniel, Inc , plans to produce 5700 ceramic vases Total budgeted FMOH is $5700 Information regarding the budgeted variable costs are given below Input standard Price standard Direct materials 2 lbs $1 60 lb Direct labor 1 hr $13 hr Variable MOH 1 hr $7 hr Fixed MOH The following inventory levels ap...

To calculate the value of ending inventory we need to determine the c ...

Daniel, Inc., plans to produce 5700 ceramic vases. Total budgeted FMOH is $5700. Information regarding the budgeted

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Daniel, Inc., plans to produce 5700 ceramic vases. Total budgeted FMOH is $5700.

Information regarding the budgeted variable costs are given below:

	Input standard	Price standard
Direct materials	2 lbs	$1.60 /lb
Direct labor	1 hr	$13/hr
Variable MOH	1 hr	$7/hr
Fixed MOH

The following inventory levels apply to 20X4:

	Beginning inventory	Ending inventory
Direct materials	11000 lbs	9000 lbs
WIP	0 units	0 units
Finished goods	600 vases	400 vases

What is the value of ending inventory in dollars?

Related Book For answer-question

Managerial Accounting

ISBN: 9780073526706

12th Edition

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

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Posted Date: May 10, 2023 08:06 AM

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