2 Semester Cengage Now, Warren Accounting
26th Edition
ISBN: 9781305662308
Author: WARREN
Publisher: Cengage
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Chapter 22, Problem 22.2APE
To determine
Production Budget shows the quantities of units that a company must produce to meet the budgeted sales and inventory.
To Calculate: The budgeted production units for 2016.
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Students have asked these similar questions
Reham Co is preparing its direct labor budget for 2020 from the following production
budget based on a calendar year.
Quarter Units
1 20,000
2 25,000
3 35,000
4 30,000
Each unit requires 1.5 hours of direct labor.
Wage rates are expected to be OMR16 for the first 2 quarters and OMR18for quarters 3 and 4.
What is the Budgeted Total Direct Labor Cost for Quarter 4
Prepare a sales budget.
Palermo Company estimates that unit sales will be 10,000 in quarter 1; 12,000 in quarter 2; 15,000 in quarter 3; and 18,000 in quarter 4. Using a sales price of $70 per unit, prepare the sales budget by quarters for the year ending December 31, 2019.
Palermo Company
Sales Budget
For the Year Ending December 31, 2019
Description
Q1
Q2
Q3
Q4
Year
Estimates sales
Sales price x unit
Sales Revenue
Budget for the month of January 2020: beginning FG is 50,000 units; Sold units totaled 80,000 units and Ending FG in units is 40,000.Budgeted Cost of production are: DM is 20 per unit; DL of 30 per unit and VOH is 15 per unit. Budgeted FOH is 90,000.What is the budgeted production cost?
Chapter 22 Solutions
2 Semester Cengage Now, Warren Accounting
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