Chapter 21 v9 Problems to Ponder Answers

Chapter 21 v9 Problems to Ponder Answers - $ 21,600 Cost of...

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Ch21 SE4 to SE5 Chapter 21, SE 4. Aberdeen Lock Company Production Budget For the Quarter Ended March 31 January February March Sales in units 5,000 4,000 6,000 Add desired units of ending finished goods inventory 2,000 3,000 3,500 Desired total units 7,000 7,000 9,500 Less desired units of beginning finished goods inventory 2,500 2,000 3,000 Total production units 4,500 5,000 6,500 Chapter 21, SE 5. Salaries, sales representatives ( 2 × $20,000 ) $ 40,000 Sales commissions ( 50,000 units × $45 × 5% ) 112,500 Sales brochures and supplies 9,000 Travel expenses ( 75,000 miles × $0.60 per mile) 45,000 Total budgeted selling expenses $206,500
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Ch21 SE6 Chapter 21, SE 6. Net sales $450,000 Cost of goods sold Finished goods inventory, beginning
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Unformatted text preview: $ 21,600 Cost of goods manufactured 293,800 Total cost of goods available for sale $315,400 Less finished goods inventory, ending 16,300 Cost of goods sold 299,100 Gross margin $150,900 *Cost of goods manufactured Direct materials used Materials inventory, beginning $ 23,000 Direct materials purchases 185,000 Cost of direct materials available for use $208,000 Less materials inventory, ending 18,700 Cost of direct materials used $189,300 Direct labor costs 34,000 Overhead costs 67,000 Total manufacturing costs $290,300 Add work in process inventory, beginning 64,700 Less work in process inventory, ending ( 61,200) Cost of goods manufactured $293,800 *...
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Chapter 21 v9 Problems to Ponder Answers - $ 21,600 Cost of...

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