(Solved) Bonkowski Corporation makes one product and has provided the following information to help prepare ...

Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations:

Budgeted selling price per unit	$ 97
Budgeted unit sales (all on credit):
January	10,000
February	12,000
March	13,300
April	15,200

Raw materials requirement per unit of output	4	pounds
Raw materials cost	$ 1.00	per pound
Direct labor requirement per unit of output	2.5	direct labor-hours
Direct labor wage rate	$ 23.00	per direct labor-hour
Predetermined overhead rate (all variable)	$ 9.00	per direct labor-hour
Variable selling and administrative expense	$ 3.10	per unit sold
Fixed selling and administrative expense	$ 70,000	per month

Credit sales are collected:

30% in the month of the sale

70% in the following month

Raw materials purchases are paid:

30% in the month of purchase

70% in the following month

The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materials inventory should equal 10% of the following month’s raw materials production needs.

The budgeted required production for February is closest to:

▸ 12,390 units

▸ 19,590 units

▸ 15,990 units

▸ 12,000 units

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.

Bonkowski Corporation makes one product and has provided the following information to help prepare ...

Introduction to Managerial Accounting: Brewer Edition: 9e

Related Topics