ACCOUNTING
In Class Assignment 1.pdf

120 195 target ending inventory in units 400 600

Info icon This preview shows pages 1–3. Sign up to view the full content.

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:
Image of page 1

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

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.
Image of page 2
Image of page 3
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