Sam Chapter 8 Apps CofC Bookstore OAKS CMA?L M McGraw Hill Connect VHL Central (

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Sam Chapter 8 Apps CofC Bookstore OAKS CMA?L M McGraw Hill Connect VHL Central (Spanis| YouTube XFINITY XFINITY Stream wstar Online Bankin - Wells Fargo 'I MS AMEX - 1000 points Geder Company has compiled the Tollowing data for the upcoming year .Sales are expected to be 16,500 units at 553.00 each Each unit roqurea 2 pounds of direct maberials at $2.80 por pound. Each unit roqures 2.2 haurs of diroct labor at $14.00 per hour. Manufacturing overhoad is $5.00 per unit. .Beginning ravw materials imemory is $5,50000. Encing raw materiais invecory is $7,100,00 . Selling and adminiatrative costs totallod $138,870 Required: 1. Determine Ceder's budgeted cost of goods ?01d.(Do not round the intermediate values.) 2. Complete Ceders budgeted income statement (Do not round the intermediate values Gross Marpn Not Oporaing Incomo O Type here to search o 810 PM 4/4/2018

Explanation / Answer

BUDGETED INCOME STATEMENT: Ssales revenue (16500 units @53) 874500 Less: Cost of Goods sold material (33000 pounds @2.50) 82500 Labour (36300 hours @14) 508200 Manufacturing OH (16500 units @5) 82500 Gross margin 201300 Less: Selling and admin expense 138870 Budgeted Income 62430

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