Assume a manufacturing company provides the following information from its master budget for the month of May: Unit sales Selling price per unit Direct materials cost per unit Direct labor cost per unit Predetermined overheard rate (based on direct labor dollars) 7,900 $ 35 $ 12 $ 10 80% If the company maintains no beginning or ending inventories, what is the budgeted gross margin for May? Multiple Choice $31,600 $39,500 $7,900 $29,500

A firm manufactures one product and has budgeted information as follows: Units Produced Jan. 40 Feb. 50 March 30 April 40 Each product requires 3 direct material. The desired ending inventory of raw materials is 25% of the next month's production. There is no beginning inventory of raw material in January. Budgeted purchases of direct materials in February would be 0⁹0 0135 0165 045

Subject: accounting

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