Question: FirstClass, Inc., expects to sell 29,000 pool cues for $12 each. Direct materials costs are $2, direct manufacturing labor is $4, and manufacturing overhead is

FirstClass, Inc., expects to sell 29,000 pool cues for $12 each. Direct materials costs are $2, direct manufacturing labor is $4, and manufacturing overhead is $0.84 per pool cue. The following inventory levels apply to2020:

Beginning inventory

Ending inventory

Direct materials

25,000 units

25,000 units

Workinprocess inventory

0 units

0 units

Finished goods inventory

1,200 units

3,200 units

What are the 2020 budgeted costs for directmaterials, direct manufacturinglabor, and manufacturingoverhead, respectively?

FirstClass, Inc., expects to sell 29,000 pool cues for $12 each. Direct

First Class, Inc., expects to sell 29,000 pool cues for $12 each. Direct materials costs are $2, direct manufacturing labor is $4, and manufacturing overhead is $0.84 per pool cue. The following inventory levels apply to 2020: Beginning inventory Ending inventory Direct materials 25,000 units 25,000 units Work - in - process inventory 0 units 0 units Finished goods inventory 1,200 units 3,200 units What are the 2020 budgeted costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively? O A. $60,400; $120,800; $25,368 O B. $58,000; $116,000; $24,360 O C. $62,000; $124,000; $26,040 O D. $50,000; $100,000; $21,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!