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

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
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 $1,224,000 $1,544,640 $1,884,960 $4,653,600 Overhead budget July August September Total Utilities $153,000 $193,080 $235,620 Inspection 1,020,000 1,287,200 1,570,800 Factory supplies 204,000 257,440 314,160 Depreciation 35,000 35,000
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern