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Author Question: First Class, Inc., expects to sell 22,000 pool cues for $12 each. Direct materials costs are $3, ... (Read 56 times)

daltonest1984

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Question 1

Costs such as supervision, plant and equipment (production) depreciation, maintenance, supplies, and power. are included in the ________.
◦ capital expenditures budget
◦ distribution costs budget
◦ revenues budget
◦ manufacturing overhead budget

Question 2

First Class, Inc., expects to sell 22,000 pool cues for $12 each. Direct materials costs are $3, direct manufacturing labor is $4, and manufacturing overhead is $0.84 per pool cue. The following inventory levels apply to 2019:

Beginning inventoryEnding inventory
Direct materials33,000 units33,000 units
Work-in-process inventory0 units0 units
Finished goods inventory1,400 units2,500 units

On the 2019 budgeted income statement, what amount will be reported for sales?
◦ $277,200
◦ $264,000
◦ $396,000
◦ $409,200


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Marked as best answer by daltonest1984 on Mar 6, 2021

fur

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daltonest1984

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)


dyrone

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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