FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- N2.arrow_forward2. Muddy Waters Industries has projected sales of its product for the next 6 months: 300 units January February 700 units March 1,000 units April Мay 1,000 units 400 units June 300 units Each unit is sold at $40 per unit. The cost of goods sold is typically 40% of the month's budgeted sales revenue. Muddy Waters tries to maintain a Finished Goods ending inventory equal to the 60% of next month's cost of goods sold. January beginning inventories are expected to conform to company policy. Prepare a purchase budget for March, and Aprilarrow_forwardRamos Company...arrow_forward
- 5. A business has the following budgeted financial data for next year: January February Production units 8,000 9,000 Direct labor hours per unit 0.5 0.5 Straight time man hours 4,800 4,100 Straight time wage rate per hour $16 $16 Overtime wage rate (time and a half) $24 $24 Assume the business plans to pay all straight time man hours budgeted regardless of demand. A. Determine the total labor cost for January based on the data above. B. Determine the total labor cost for February based on the data above.arrow_forwardpossible Orange Corporation has budgeted sales of 26,000 units, targeted ending finished goods inventory of 8,000 units, and beginning finished goods inventory of 7,000 units. How many units should be produced next year? O A. 34,000 units B. 27,000 units O C. 26,000 units O D. 41,000 units Next Galculatorarrow_forwardSaved antcring overhead s budgeted to be $33,000 plus $6 per unit produced. What Is budgeted manufacturing overhead for AuguUst? 32 Sylerh tas brecast production for the next three months as follows: July 6,500 units, August 8,200 units, September 9,100 units. Monthly Mutole Choice S82.200 $I2.000 $9.200 SE7500arrow_forward
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