The budget director of Athletic Supplies Inc., with the assistance of the controller, treasurer, production manager,...
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The budget director of Athletic Supplies Inc., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for March: a. Estimated sales for March: Batting helmet Football helmet b. Estimated inventories at March 1: Direct materials: Plastic Foam lining Finished products: Batting helmet Football helmet c. Desired inventories at March 31: Direct materials: Plastic Foam lining Finished products: Batting helmet Football helmet Plastic Foam lining 1,100 units at $42 per unit 6,400 units at $146 per unit In manufacture of football helmet: Foam lining f. Direct labor requirements: Batting helmet: d. Direct materials used in production: In manufacture of batting helmet: Molding Department Assembly Department Football helmet: 55 lbs. 65 lbs. Molding Department Assembly Department 75 units at $28 per unit 220 units at $75 per unit 70 lbs. 74 lbs. Plastic 3.5 lbs. per unit of product 1.75 lbs. per unit of product Foam lining e. Anticipated cost of purchases and beginning and ending inventory of direct materials: Plastic $5.4 per lb. $3.6 per lb. 50 units at $27 per unit 225 units at $72 per unit 1.5 lbs. per unit of product 0.75 lb. per unit of product 0.3 hr. at $21 per hr. 0.6 hr. at $15 per hr. 0.8 hr. at $21 per hr. 1.6 hrs. at $15 per hr. The budget director of Athletic Supplies Inc., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for March: a. Estimated sales for March: Batting helmet Football helmet b. Estimated inventories at March 1: Direct materials: Plastic Foam lining Finished products: Batting helmet Football helmet c. Desired inventories at March 31: Direct materials: Plastic Foam lining Finished products: Batting helmet Football helmet Plastic Foam lining 1,100 units at $42 per unit 6,400 units at $146 per unit In manufacture of football helmet: Foam lining f. Direct labor requirements: Batting helmet: d. Direct materials used in production: In manufacture of batting helmet: Molding Department Assembly Department Football helmet: 55 lbs. 65 lbs. Molding Department Assembly Department 75 units at $28 per unit 220 units at $75 per unit 70 lbs. 74 lbs. Plastic 3.5 lbs. per unit of product 1.75 lbs. per unit of product Foam lining e. Anticipated cost of purchases and beginning and ending inventory of direct materials: Plastic $5.4 per lb. $3.6 per lb. 50 units at $27 per unit 225 units at $72 per unit 1.5 lbs. per unit of product 0.75 lb. per unit of product 0.3 hr. at $21 per hr. 0.6 hr. at $15 per hr. 0.8 hr. at $21 per hr. 1.6 hrs. at $15 per hr.
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Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
Posted Date:
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