Author Question: First Class, Inc., expects to sell 22,000 pool cues for $12 each. Direct materials costs are $3, ... (Read 59 times)

daltonest1984 · **on:** Mar 6, 2021

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 inventory

Ending inventory

Direct materials

33,000 units

Work-in-process inventory

0 units

Finished goods inventory

1,400 units

2,500 units

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

fur · **Reply #1 on:** Mar 6, 2021

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