week 3 professors - AC556 Week 3 Problem Suggested Solution...

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AC556 Week 3 Problem Suggested Solution Production Budget in Units July August September October Sales 100,000 125,000 156,000 165,000 Desired ending inventory 15,000 18,720 19,800 22,200 Units needed 115,000 143,720 175,800 187,200 Less: Beginning inventory 13,000 15,000 18,720 19,800 Production needed 102,000 128,720 157,080 167,400 Material Purchase Budget July August September Total Prodution in units 102,000 128,720 157,080 5 lbs per unit 5 5 5 Production needs 510,000 643,600 785,400 Desired ending inventory 32,180 39,270 41,850 Materials needed 542,180 682,870 827,250 Less: Beginning inventory 22,000 32,180 39,270 Material purchases in units 520,180 650,690 787,980 Price per unit $1.50 $1.50 $1.50 Material purchases in dollars $780,270 $976,035 $1,181,970 $2,938,275 Direct Labor Budget July August September Total Budgeted production 102,000 128,720 157,080 Labor hours per gallon 0.4 0.4 0.4 Total labor hours 40,800 51,488 62,832 Labor rate $30 $30 $30 Total budgeted labor
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This note was uploaded on 12/01/2011 for the course ACCOUNTING ac574 taught by Professor Larson during the Spring '11 term at Everest University.

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week 3 professors - AC556 Week 3 Problem Suggested Solution...

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