2071classbudget

2071classbudget - $362,926 Direct Labor Budget Budgeted (FG...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Unit sales price per bag $38.00 Budgeted sales revenue $988,000 Production Budget oct Unit (FG-bags) sales 26,000 ## + EI (FG-bags) (30%*24,000) 7,200 ## ' BI (FG-bags) (30%*26,000) (7,800)## Budgeted (FG bags) to be produced 25,400 ## Direct Materials Purchases Budget Budgeted (FG bags) to be produced 25,400 ## Canvas (RM) needed per bag 4.2 ## Budgeted canvas needed for production 106,680 ## EI - RM (canvas yds) (15%*25,500*4.2) 16,065 BI - RM (canvas yds) (15%*25,400*4.2) (16,002) Yards of canvas to be purchased 106,743 Cost of canvas per yard $3.40 Budgeted purchase of DM
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: $362,926 Direct Labor Budget Budgeted (FG bags) to be produced 25,400 Hours of labor per bag (36/60) 0.60 Hours of labor needed for production 15,240 Cost of labor per hour $12.00 Budgeted DL cost $182,880 Manufacturing Overhead Budget Hours of labor needed for production 15,240 Rate of overhead $5.00 Budgeted MOH cost $76,200 CGS Budget Direct materials $362,712 Direct labor 182,880 Manufacturing overhead 76,200 Total manufacturing costs $621,792 FG-bags to be produced 25,400 Budgeted cost per unit $24.48 Units sold 26,000 Budgeted cost of goods sold $636,480...
View Full Document

This note was uploaded on 07/09/2011 for the course ACG 2071 taught by Professor Tanner during the Spring '11 term at UNF.

Ask a homework question - tutors are online