Tagovailoa & Fitzpatrick Inc. manufactures jerseys with dolphin designs. This year, the company expects to sell...

Transcribed Image Text:

Tagovailoa & Fitzpatrick Inc. manufactures jerseys with dolphin designs. This year, the company expects to sell 15,000 jerseys for $50 each. Each jersey requires 2.5 yards of direct materials. Costs per jersey are $10 for direct material, $20 for direct labor, and $5 for manufacturing overhead. During the year, direct material inventory will increase by 400 yards, and finished goods inventory will decline by 500 jerseys. There is no work-in-process inventory at the beginning or end of the year. Calculate the budgeted direct materials purchased, direct manufacturing labor related to production, and the manufacturing overhead related to production, respectively. $246,000: $140,400; $35,100 $366,500; $290,000; $72,500 $146,600; $290,000; $72,500 $70,800; $140,400: $35,100 Tagovailoa & Fitzpatrick Inc. manufactures jerseys with dolphin designs. This year, the company expects to sell 15,000 jerseys for $50 each. Each jersey requires 2.5 yards of direct materials. Costs per jersey are $10 for direct material, $20 for direct labor, and $5 for manufacturing overhead. During the year, direct material inventory will increase by 400 yards, and finished goods inventory will decline by 500 jerseys. There is no work-in-process inventory at the beginning or end of the year. Calculate the budgeted direct materials purchased, direct manufacturing labor related to production, and the manufacturing overhead related to production, respectively. $246,000: $140,400; $35,100 $366,500; $290,000; $72,500 $146,600; $290,000; $72,500 $70,800; $140,400: $35,100

Answer rating: 100% (QA)

During the year the company expects to sell 15000 jerseys It is also mentioned that the finis... View the full answer