20.) Skylark has forecast production for the next three months as follows: July
ID: 2476493 • Letter: 2
Question
20.)
Skylark has forecast production for the next three months as follows: July 5,100 units, August 7,500 units, September 7,900 units. Monthly manufacturing overhead is budgeted to be $17,900 plus $10 per unit produced. What is budgeted manufacturing overhead for July?
$54,400
$51,000
$74,400
$68,900
21.)
Jaybird Inc. produces leather handbags. The sales budget for the next four months is: July 5,800 units, August 7,000, September 8,100, October 8,400. Jaybird Inc.’s ending finished goods inventory policy is 10% of the following month’s sales. Each handbag requires 1.5 hours of unskilled labor (paid $15 per hour) and 3.1 hours of skilled labor (paid $23 per hour). How much is total labor cost during the three months July through September?
$1,453,158
$97,336
$1,984,808
$1,971,788
22.)
Jackson Inc. produces leather handbags. The production budget for the next four months is: July 5,000 units, August 7,000 units, September 7,500 units, October 8,000 units. Each handbag requires 0.5 square meters of leather. Jackson Inc’s leather inventory policy is 30% of next month’s production needs. On July 1 leather inventory was expected to be 1,000 square meters. What will leather purchases be in August?
3,575 square meters
7,075 square meters
3,425 square meters
7,150 square meters
23.)
Dayton has forecast sales to be $211,000 in February, $278,000 in March, $299,000 in April, and $315,000 in May. The average cost of goods sold is 60% of sales. All sales are made on credit and sales are collected 50% in the month of sale, 30% the month following and the remainder two months after the sale. What are budgeted cash receipts in May?
$182,100
$302,800
$249,600
$169,350
24.)
Clare purchases a single product for $16 and sells it for $33. Forecasted sales for the next three months are July 4,900 units, August 6,500 units, September 7,500 units. Clare's policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 inventory is projected to be 1,960 units. What are budgeted purchases in units for August?
11,100 units
6,100 units
400 units
6,900 units
Skylark has forecast production for the next three months as follows: July 5,100 units, August 7,500 units, September 7,900 units. Monthly manufacturing overhead is budgeted to be $17,900 plus $10 per unit produced. What is budgeted manufacturing overhead for July?
Explanation / Answer
20. answer is $68,900
5100*10= 51000
51000+17900= 68900
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.