In Class Assignment 1.pdf

120 195 target ending inventory in units 400 600

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120 $ 195 Target ending inventory in units 400 600 Beginning inventory in units 250 650 Beginning inventory in dollars $23,250 $92,625 SJSN Inc. uses a FIFO cost-flow assumption for finished-goods inventory. All the sandals are made in batches of 50 pairs of sandals. SJSN Inc. incurs manufacturing overhead costs, marketing and general administration, and shipping costs. Besides materials and labour, manufacturing costs include setup, processing, and inspection costs. SJSN Inc. ships 40 pairs of sandals per shipment. SJSN Inc. uses activity-based costing and has classified all overhead costs for the month of June as shown in the following chart:
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2510 In class Assignment 1 Cost Type Denominator Activity Rate Manufacturing Setup Setup-hours $ 18 per setup- hour Processing Direct manufacturing labour-hours (DMLH) $1.80 per DMLH Inspection Number of pairs of sandals $1.35 per pair Nonmanufacturing Marketing and general administration Sales revenue 8% Shipping Number of shipments $ 15 per shipment Required 1. Prepare each of the following for June: a. Revenues budget b.
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