Question: Please write clearly so I can read your writing. Thanks :) The ABC Corporation manufactures and sells two products: T1 and T2. 20XX budget for

 Please write clearly so I can read your writing. Thanks :)

Please write clearly so I can read your writing. Thanks :)

The ABC Corporation manufactures and sells two products: T1 and T2. 20XX budget for the company is given below: Projected Sales Units Price 60,000 $165 40,000 $250 T2 Inventories in Units January 1, 20XX December 31, 20XX 20,000 25,000 8,000 9,000 T2 The following direct materials are used in the two products: Amount used per unit Direct Material Unit Ti T2 A pound 4 5 B pound 2 3 each 0 Direct Material A B Anticipated Purchase Price $12 $5 $3 Inventories January 1, 2012 December 31, 2012 32,000 lb. 36,000 lb. 29,000 lb. 32,000 lb. 6,000 units 7,000 units Projected direct manufacturing labor requirements and rates for 20XX are as follows: Hours per Unit Rate per Hour 2. $12 T2 3 $16 Manufacturing overhead is allocated at the rate of $20 per direct manufacturing labor-hour. Marketing and distribution costs are projected to be $100,000 and $ 300,000, respectively. a. What is the total expected revenue (in dollars) for 20XX? b. What is the expected production level (in units) both for T1 and T2? c. What is the total direct material purchases (in dollars) for each type of direct material? d. What is the total direct manufacturing labor cost (in dollars)? e. What is the total overhead cost (in dollars)? f. What is the total cost of goods sold in dollars)? What is the total expected operating income (in dollars) for 20XX

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!