00 lbs 040 direct labor 005 hrs 1000 manufacturing

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Unformatted text preview: anufacturing overhead 0.05 hrs. $ 49.70 $ $ Budgeted finished goods inventory Ending inventory in units Unit product cost Ending finished goods inventory Total 2.00 0.50 2.49 4.99 5,000 $ 4.99 $ 24,950 Direct materials Direct materials budget and information. budget and information. 7-60 Ending Finished Goods Inventory Budget Production costs per unit Quantity Cost Direct materials 5.00 lbs. $ 0.40 Direct labor 0.05 hrs. $ 10.00 Manufacturing overhead 0.05 hrs. $ 49.70 $ $ Budgeted finished goods inventory Ending inventory in units Unit product cost Ending finished goods inventory Total 2.00 0.50 2.49 4.99 5,000 $ 4.99 $ 24,950 Direct labor budget. Direct labor budget. 7-61 Ending Finished Goods Inventory Budget Production costs per unit Quantity Cost Direct materials 5.00 lbs. $ 0.40 Direct labor 0.05 hrs. $ 10.00 Manufacturing overhead 0.05 hrs. $ 49.70 $ $ Budgeted finished goods inventory Ending inventory in units Unit product cost Ending finished goods inventory Total 2.00 0.50 2.49 4.99 5,000 $ 4.99 ? Total mfg. OH for quarter $251,000 = $49.70 per hour Total labor-hours required 5,050 7-62 Ending Finished Goods Inventory Budget Production costs per unit Quantity Cost Direct materials 5.00 l bs. $ 0.40 Direct labor 0.05 hrs. $ 10.00 Manufacturing overhead 0.05 hrs. $ 49.70 $ $ Budgeted finished goods inventory Ending inventory in units Unit product cost Ending finished goods inventory Total 2.00 0.50 2.49 4.99 5,000 $ 4.99 $ 24,950 Production Budget. Production Budget. 7-63 Learning Objective 7 Prepare a selling and administrative expense budget. 7-64 Selling and Administrative Expense Budget • At Royal, the selling and administrative expense budget is At divided into variable and fixed components. divided • The variable selling and administrative expenses are $0.50 The per unit sold. per • Fixed selling and administrative expenses are $70,000 per Fixed month. month. • The fixed selling and administrative expenses include $10,00...
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