Johnson Inc. produces leather handbags. Johnson Inc. estimates it will use 3,500 square meters of leather in production in Aug nd170meters of leather in production in September. Johnson Inc's leather inventory policy is 30% of next month's production needs Whe epurchases be in August?Multiple Choice3,425 square meters3,500 square meters3,575 square meters4,625 square meters Delaware Corp. prepared a master budget that included $21,360 for direct materials, $33,600 for direct labor, $18.000 for veriabile oveheat nd$46,440 for fixed overhead. Delaware Corp. planned to sell 4,000 units during the period, but actually sold 4,300 units. What would Delwers etmaterials cost be if it used a flexible budget for the period based on actual sales?Multiple Choice$19,870$21,360$22,962$91,848

Introduction:- The following formula used to calculate as follows:- =Production + Ending inventory -…

Johnson Inc. produces leather handbags. Johnson Inc. estimates it will use 3,500 square meters of leather in production n m meters of leather in production in September. Johnson Inc's leather inventory pollicy is 30% of next month's production e purchases be in August? 775 Multiple Choice 3,425 square meters 3,500 square meters 3,575 square meters

Johnson Inc. produces leather handbags. Johnson Inc. estimates it will use 3,500 square meters of leather in production n m meters of leather in production in September. Johnson Inc's leather inventory pollicy is 30% of next month's production e purchases be in August? 775 Multiple Choice 3,425 square meters 3,500 square meters 3,575 square meters

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Shadee Corporation expects to sell 630 sun shades in May and 320 in June. Each shade sells for $162. Shadee's beginning and ending finished goods inventories for May are 60 and 50 shades, respectively. Ending finished goods inventory for June will be 55 shades. Each shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 80 poles in inventory on May 31, and 110 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $15 per hour. Additionally, Shadee's fixed manufacturing overhead is $10,000 per month, and variable manufacturing overhead is $10 per unit produced. Use the information and solutions presented to complete the requirements. Required: 1. Determine Shadee's budgeted manufacturing cost per shade. (Note: Assume that fixed overhead per unit is $18.) 2. Prepare Shadee's budgeted cost of goods…
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Subject: acounting