The Sales Department of Minimus Inc. has forecast sales for May 2016 to be 40,000 units. Additional
Question:
Finished goods inventory, May 1...................................... 2,000 units
Finished goods inventory, May 31..................................... 6,000 units
Materials used in production:
Direct labor hours required in production:
Prepare the following:
a. A production budget for May.
b. A direct materials budget for May.
c. A direct labor budget for May.
Transcribed Image Text:
Required Required Inventory Inventory May 1 May 31 Standard Cost X (one gallon per unit) 1,000 ga 2,000 ga $4 per gal 2,000 lb 2,000 lb 2 per lb Hou Standard rs per Unit 0.50 1.00 Department Forming Finishing. Cost $18 per hour $15 per hour
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Related Book For
Principles of Cost Accounting
ISBN: 978-1305087408
17th edition
Authors: Edward J. Vanderbeck, Maria Mitchell
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