Bradford, Inc., expects to sell 6,000 ceramic vases for $21 each. Direct materials costs are $3, direct manufacturing labor is $10, and manufacturing overhead is $3 per vase. The following inventory levels apply to 2019: Beginning inventory Ending inventory Direct materials 5,000 units 5,000 units O units Work - in - process inventory Finished goods inventory O units 400 units 600 units How many ceramic vases should be produced in 2019? O A. 11,000 vases O B. 6,000 vases OC. 6,200 vases O D. 5,800 vases
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could you tell me what's the answer with an explanation?
Formula:
Number of units produced = Sales units + Finished goods Ending inventory - Finished goods Beginning inventory
Deduction of Finished goods Beginning inventory from Finished goods ending inventory and sales units derives the number of units produced.
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- First Class, Inc., expects to sell 28,000 pool cues for $14 each. Direct materials costs are $3, direct manufacturing labor is $5, and manufacturing overhead is $0.82 per pool cue. The following inventory levels apply to 2019: Beginning inventory Ending inventory Direct materials 26,000 units 26,000 units Work-in-process inventory O units O units Finished goods inventory 1,300 units 2.800 units How many pool cues need to be produced in 20197?First Class, Inc., expects to sell 28,000 pool cues for $14.00 each. Direct materials costs are $4.00, direct manufacturing labor is $6.00, and manufacturing overhead is $0.85 per pool cue. The following inventory levels apply to 2019: Beginning inventory Ending inventory Direct materials 30.000 units 30,000 units Work - in - process inventory O units O units Finished goods inventory 1,800 units 3,100 units What are the 2019 budgeted costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively? O A. $112,000; $168,000; $23,800 O B. $120,000; $180,000; $25,500 Oc. $119,200; $178,800; $25,330 OD. $117,200; $175,800; $24,905Washington Inc, expects to sell 50,000 custom vases for $75 each in 2020. Planned direct materials costs are $30, direct manufacturing labor is $16, and manufacturing overhead is $4 for each vase. One unit of direct material is required for one unit of finished product. The following inventory levels apply: Beginning Inventory Ending Inventory Direct materials 16,000 units 21,000 units Work-in-process inventory 0 units 0 units Finished goods inventory 9,000 units 8,000 units Required: Select the appropriate answer for both questions (1 and 2) below: 1: The amount budgeted for direct material purchases in 2020 (in dollars) is: (Choose below) A: 1,728,000 B: 1,620,000 C: 1,408,000 D: 1,472,000 E: 1,568,000 F: None 2: The amount budgeted for cost of goods manufactured in 2020 (in dollars) is A: 2,856,000 B: 3,248,000 C: 2,450,000 D: 2,744,000 E: 3,080,000 F: none
- Bintang Berhad manufactures Product BFF and it was sold in the market at the price of RM18 per unit. The marketing department of Bintang Berhad has submitted the following sales forecast for the upcoming year 2019 as follows: Quarter 2 12,000 units Quarter 3 14,000 units Quarter 4 13,000 units Month Quarter 1 11,000 units Sales Demand The company expects to start the first quarter with 1,650 units in finished goods inventory. It is the company's policy to hold stocks of finished goods at the end of each quarter equals to 15% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1,850 units. The beginning raw materials inventory for the first quarter is budgeted to be 1,400 kg. Each unit of Product BFF requires 2 kg of raw material that costs RM1.40 per kg. The management's policy is to hold ending inventory of raw materials equal to 10% of the following quarter's production needs. The desired ending raw material inventory for the…Howard Temple, Inc., expects to sell 20,000 pool cues for $12.00 each. Direct materials costs are $2.00, direct manufacturing labor is $4.00, and manufacturing overhead is $0.80 per pool cue. The following inventory levels apply to 2020: Beginning Inventory Ending Inventory Direct materials 24,000 units 24,000 units Work-in-Process Inventory 0 units O units Finished Goods Inventory 2,000 units 2,500units How many pool cues need to be produced in 2020? 22,500 cues 022,000 cues O20,500 cucs 19.500 cuesNantucket Industries manufactures and sells two models of watches, Prime and Luxuria. It expects to sell 3,500 units of Prime and 1,500 units of Luxuria in 2019.The following estimates are given for 2019: Selling price Direct materials Direct labor Manufacturing overhead Prime $200 70 90 $1,625,000 $1,433,000 $1,325,000 $1,415,000 60 Luxuria $500 100 180 150 Nantucket had an inventory of 200 units of Prime and 105 units of Luxuria at the end of 2018. It has decided that as a measure to counter stock outages it will maintain ending inventory of 400 units of Prime and 230 units of Luxuria. Each Luxuria watch requires one unit of Crimpson and has to be imported at a cost of $12. There were 120 units of Crimpson in stock at the end of 2018. The management does not want to have any stock of Crimpson at the end of 2019. What is the total budgeted cost of goods sold for Nantucket Industries in 2019?
- Total cost and number of units in the first seven months of 2020 are given below. According to this information, which of the following will be total cost in August if the company produces 700 units? Periods Total Cost No.of Units January 45,750 500 February 46,305 510 March 46,860 520 48,248 545 April May June 49,358 565 50,190 580 July 51,855 610 Select one: O a. 61,150 O b. 59,330 Oc.56,850 O d. 58,650Furniture, Inc., estimates the following number of mattress sales for the first four months of 2019: Month Sales January 32,000 February 36,800 March 29,600 April 43,200 Finished goods inventory at the end of December is 7,100 units. Target ending finished goods inventory is 20% of the next month's sales. Required: Calculate the How many mattresses should be produced in each month of the first quarter of 2019?Total cost and number of units in the first seven months of 2020 are given below. According to this information, which of the following will be total cost in August if the company produces 600 units? Periods Total Cost No.of Units January February 36,800 400 37,580 415 March 39,400 450 April May 40,960 480 42,260 505 June 43,820 535 July 44,860 555 Select one: O a. 51350 O b. 48000 O c. 53650 O d. 47200 - here to search 3 4 56 6 1 8A9 4 0
- Nantucket Industries manufactures and sells two models of watches, Prime and Luxuria. It expects to sell 3 comma 800 units of Prime and 1 comma 800 units of Luxuria in 2020. The following estimates are given for 2020: Prime Luxuria Selling price $200 $500 Direct materials 20 100 Direct labor 70 180 Manufacturing overhead 40 150 Nantucket had an inventory of 240 units of Prime and 85 units of Luxuria at the end of 2019. It has decided that as a measure to counter stock outages it will maintain ending inventory of 360 units of Prime and 210 units of Luxuria. Each Luxuria watch requires one unit of Crimpson and has to be imported at a cost of $11. There were 100 units of Crimpson in stock at the end of 2019. The management does not want to have any stock of Crimpson at the end of 2020. How many units of Prime watches must be produced in 2020?Crane Ltd. estimates sales for the second quarter of 2022 will be as follows. Month Units April 3,190 May 3,290 June 3,060 The target ending inventory of finished products is as follows. March 31 2,520 April 30 2,700 May 31 2,680 June 30 3,000 Two units of materials are required for each unit of finished product. Production for July is estimated at 3,310 units to start building inventory for the fall sales period. Crane’s policy is to have an inventory of raw materials at the end of each month equal to 50% of the following month’s production requirements.Raw materials are expected to cost $4 per unit throughout the period.Calculate the May raw materials purchases in dollars.Numbers Company manufactures 3 consumer products, namely One, Two, and Three. Sales and other information related to the said products are as follows: 2019 = Product One: Units sold - 15,000Unit Price - P10, Unit Cost - ; Product Two: Units sold - 20,000, Unit Price - Unit Cost - P7; Product Three: Units Sold - 5, 000 , Unit Price - P6, Unit Cost - 4.50 2020 = Product One: Units Sold - 20,000Total Price - P240,000, Total Cost - P180,000 ; Product Two: Units Sold - 20,000 Total Price - P180,000 Total Cost - P150,000 ; Product Three: Units Sold - 4,000 , Total Price - P20,000 Total Cost - P16,000 . Compute for the following: The Sales Price factor shows a variance of? The Cost Price Factor shows a variance of? The Sales-mix Factor shows a variance of?