Department Budget $ Yearly Budget Manufacturing Operations Direct Labor $4,080,000 Direct Material $1,590,000 Indirect Material $150,000 Indirect Labor $375,000 Plant Rent $192,350 Plant Depreciation $220,000 Accounts Payable $75,000 Department Consumables $68,400 Manufacturing VP $70,000 Sales Forecast (units) Product 1 Product 2 Total 12,000 10,500 Planned Operational Data Product 1 Product 2 Sales Price per unit $250 $175 Direct Material $ per unit 80 60 Direct labor hrs per unit 9 11 Direct Labor rate per hour $20.00 $20.00 What is Product 1 product cost?

Department Budget $ Yearly Budget Manufacturing Operations Direct Labor $4,080,000 Direct Material $1,590,000 Indirect Material $150,000 Indirect Labor $375,000 Plant Rent $192,350 Plant Depreciation $220,000 Accounts Payable $75,000 Department Consumables $68,400 Manufacturing VP $70,000 Sales Forecast (units) Product 1 Product 2 Total 12,000 10,500 Planned Operational Data Product 1 Product 2 Sales Price per unit $250 $175 Direct Material $ per unit 80 60 Direct labor hrs per unit 9 11 Direct Labor rate per hour $20.00 $20.00 What is Product 1 product cost?

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 4E: Prepare a cost of goods sold budget for the Crest Hills Manufacturing Co. for the year ended...

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