Question 3 View Policies Current Attempt in Progress Pargo Company is preparing its budgeted income statement for 2020. Relevant data pertaining to its sales, production and direct materials buts are as follows Sales Sales for the year are expected to total 2.000.000 units. Quarterly sales are 20%,23%, 27% and 30% respectively. The sales price is expected to be 541 per unit for the first three quarters and $45 per unit beginning in the fourth quarter. Sales in the first quarter of 2021 are expected to be 13% higher than the budgeted sales for the first quarter of 2020. Production Management desires to maintain the ending finished goods inventories at 21% of the next quarter's budgeted sales volume. Direct materials. Each unit requires 2 pounds of raw materials at a cost of $10 per pound Management desires to maintain raw materials inventories at 20% of the next quarter's production requirements. Assume the production requirements for first quarter of 2021 are 503,000 pounds Pargo budgets 0.4 hours of direct labor per unit, labor costs at $11 per hour and manufacturing overhead at $17 per direct labor hour. Its budgeted selling and administrative expenses for 2020 are $6,922,000 Calculate the budgeted total unit cost. (Round answer to 2 decimal places, s. 12.25.) Total unit cost $ e Textbook and Media Attempts of used m . 4 Submit Anmer 250 M of s Save for Later Type here to search | Pargo ladgets 0.4 ours of direct stor perunt, 2020 are $6,922,000 or costs $11 per hour, and manufacturing overhead 17 per director hour. Its budget selling and administrative expenses for Calculate the budgeted total unit cost. (Round answer to 2 decimal places, e.g. 12.25.) Total unit cost $ eTextbook and Media Save for Later Attempts: 0 of 1 used Submit Answer Question Part Score The parts of this question must be completed in order. This part will be available when you complete the part above. Question Part Score Assignment sent to Gradebook. Your grade is being recorded. Next 251 PM A.044 of spoo Type here to search te Question 3 View Policies Current Attempt in Progress Pargo Company is preparing its budgeted income statement for 2020. Relevant data pertaining to its sales, production and direct materials buts are as follows Sales Sales for the year are expected to total 2.000.000 units. Quarterly sales are 20%,23%, 27% and 30% respectively. The sales price is expected to be 541 per unit for the first three quarters and $45 per unit beginning in the fourth quarter. Sales in the first quarter of 2021 are expected to be 13% higher than the budgeted sales for the first quarter of 2020. Production Management desires to maintain the ending finished goods inventories at 21% of the next quarter's budgeted sales volume. Direct materials. Each unit requires 2 pounds of raw materials at a cost of $10 per pound Management desires to maintain raw materials inventories at 20% of the next quarter's production requirements. Assume the production requirements for first quarter of 2021 are 503,000 pounds Pargo budgets 0.4 hours of direct labor per unit, labor costs at $11 per hour and manufacturing overhead at $17 per direct labor hour. Its budgeted selling and administrative expenses for 2020 are $6,922,000 Calculate the budgeted total unit cost. (Round answer to 2 decimal places, s. 12.25.) Total unit cost $ e Textbook and Media Attempts of used m . 4 Submit Anmer 250 M of s Save for Later Type here to search | Pargo ladgets 0.4 ours of direct stor perunt, 2020 are $6,922,000 or costs $11 per hour, and manufacturing overhead 17 per director hour. Its budget selling and administrative expenses for Calculate the budgeted total unit cost. (Round answer to 2 decimal places, e.g. 12.25.) Total unit cost $ eTextbook and Media Save for Later Attempts: 0 of 1 used Submit Answer Question Part Score The parts of this question must be completed in order. This part will be available when you complete the part above. Question Part Score Assignment sent to Gradebook. Your grade is being recorded. Next 251 PM A.044 of spoo Type here to search te