Lemon, Inc. has prepared the following budgets for March. In March, budgeted production is 1,000 units, budgeted sales is 1,200 units, and raw materials inventory and unit costs will stay constant. Direct materials Direct labor Manufacturing overhead Selling and administrative expense What is budgeted cost of goods sold for March? A. $40,734 B. $42,400 C. $48,880 D. $50,880 $8,000 $14,400 $20,000 $16,000

Check my work Victoria Inc. makes one product and it provided the following information to help prepare the master budget for its first four months of operations: a. The budgeted selling price per unit is $80. Budgeted unit sales for June, July, August, and September are 9,900, 10,900, 12,900, and 15,900 units, respectively. All sales are on credit. b. 60% of credit sales are collected in the month of the sale and 40% in the following month. c. The ending finished goods inventory equals 20% of the following month's unit sales. d. The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 5 kg of raw materials. The raw materials cost $2.00 per kilogram. e. 30% of raw materials purchases are paid for in the month of purchase and 70% in the following month. f. The direct labour wage rate is $20 per hour. Each unit of finished goods requires two direct labour-hours. g. The variable selling and administrative…

Consider Derek's budget information: materials to be used totals $63,800; direct labor totals $201,700; factory overhead totals $395,600; work in process inventory January 1, $189,900; and work in progress inventory on December 31, $191,300. What is the budgeted cost of goods manufactured for the year?

Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit Budgeted unit sales (all on credit): January February March April Raw materials requirement per unit of output Raw materials cost Direct labor requirement per unit of output Direct labor wage rate Predetermined overhead rate (all variable) Variable selling and administrative expense Fixed selling and administrative expense Credit sales are collected: 30% in the month of the sale 70% in the following month Raw materials purchases are paid: 30% in the month of purchase 70% in the following month $ 97 10,000. 12,000 13,300 15,200 4 pounds $ 1.00 per pound 2.5 direct labor-hours $ 23.00 per direct labor- hour per direct labor- hour $9.00 $ 3.10 per unit sold. $70,000 per month. The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materials inventory should…