The controller of MingWare Ceramics Inc. wishes to prepare a
cost of goods sold budget for...
The controller of MingWare Ceramics Inc. wishes to prepare a
cost of goods sold budget for September. The controller assembled
the following information for constructing the cost of goods sold
budget:
Direct materials:
Enamel
Paint
Porcelain
Total
Total direct materials purchases budgeted for September
$38,730
$8,130
$151,050
$197,910
Estimated inventory, September 1
2,020
4,850
8,080
14,950
Desired inventory, September 30
3,310
3,010
7,940
14,260
Direct labor cost:
Kiln Department
Decorating Department
Total
Total direct labor cost budgeted for September
$51,370...
The controller of MingWare Ceramics Inc. wishes to prepare a
cost of goods sold budget for...
The controller of MingWare Ceramics Inc. wishes to prepare a
cost of goods sold budget for September. The controller assembled
the following information for constructing the cost of goods sold
budget:
Direct materials:
Enamel
Paint
Porcelain
Total
Total direct materials purchases budgeted for September
$30,600
$6,430
$119,340
$156,370
Estimated inventory, September 1
1,850
4,440
7,400
13,690
Desired inventory, September 30
2,810
2,560
6,740
12,110
Direct labor cost:
Kiln Department
Decorating Department
Total
Total direct labor cost budgeted for September
$43,360...
Cost of Goods Sold Budget
The controller of MingWare Ceramics Inc. wishes to prepare a
cost...
Cost of Goods Sold Budget
The controller of MingWare Ceramics Inc. wishes to prepare a
cost of goods sold budget for September. The controller assembled
the following information for constructing the cost of goods sold
budget:
Direct materials:
Enamel
Paint
Porcelain
Total
Total direct materials purchases budgeted for September
$41,130
$8,640
$160,410
$210,180
Estimated inventory, September 1
2,700
6,480
10,800
19,980
Desired inventory, September 30
2,830
2,580
6,790
12,200
Direct labor cost:
Kiln Department
Decorating Department
Total
Total direct labor...
Cost of Goods Sold Budget
The controller of MingWare Ceramics Inc. wants to prepare a cost...
Cost of Goods Sold Budget
The controller of MingWare Ceramics Inc. wants to prepare a cost
of goods sold budget for September. The controller assembled the
following information for constructing the cost of goods sold
budget:
Direct materials:
Enamel
Paint
Porcelain
Total
Total direct materials purchases budgeted for September
$38,730
$8,130
$151,050
$197,910
Estimated inventory, September 1
2,250
5,400
9,000
16,650
Desired inventory, September 30
2,890
2,630
6,940
12,460
Direct labor cost:
Kiln Department
Decorating Department
Total
Total direct labor...
Cost of Goods Sold Budget
The controller of Pueblo Ceramics Inc. wishes to prepare a cost...
Cost of Goods Sold Budget
The controller of Pueblo Ceramics Inc. wishes to prepare a cost
of goods sold budget for April. The controller assembled the
following information for constructing the cost of goods sold
budget:
Direct materials:
Enamel
Paint
Porcelain
Total
Total direct materials purchases budgeted for April
$30,750
$6,460
$119,930
$157,140
Estimated inventory, April 1
1,170
2,810
4,680
8,660
Desired inventory, April 30
2,930
2,670
7,030
12,630
Direct labor cost:
Kiln Department
Decorating Department
Total
Total direct labor...
Cost of Goods Sold Budget
Delaware Chemical Company uses oil to produce two types of
plastic...
Cost of Goods Sold Budget
Delaware Chemical Company uses oil to produce two types of
plastic products, P1 and P2. Delaware budgeted 27,900 barrels of
oil for purchase in June for $58 per barrel. Direct labor budgeted
in the chemical process was $210,400 for June. Factory overhead was
budgeted at $291,300 during June. The inventories on June 1 were
estimated to be:
Oil
$14,700
P1
9,900
P2
8,400
Work in process
12,200
The desired inventories on June 30 were:
Oil...
Cost of Goods Sold Budget
Delaware Chemical Company uses oil to produce two types of
plastic...
Cost of Goods Sold Budget
Delaware Chemical Company uses oil to produce two types of
plastic products, P1 and P2. Delaware budgeted23,900 barrels of oil
for purchase in June for $68 per barrel. Direct labor budgeted in
the chemical process was $211,300 for June. Factory overhead was
budgeted at $292,500 during June. The inventories on June 1 were
estimated to be:
Oil
$14,800
P1
9,900
P2
8,500
Work in process
12,300
The desired inventories on June 30 were:
Oil
$16,300...
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Cost of Goods Sold Budget
Delaware Chemical Company uses oil to produce...
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Cost of Goods Sold Budget
Delaware Chemical Company uses oil to produce two types of
plastic products, P1 and P2. Delaware budgeted14,200 barrels of oil
for purchase in June for $68 per barrel. Direct labor budgeted in
the chemical process was $115,900 for June. Factory overhead was
budgeted at $173,800 during June. The inventories on June 1 were
estimated to be:
Oil
$8,100
P1
5,400
P2
4,600
Work in process
6,700
The desired inventories on June...
Cost of goods sold budget
Pasadena Candle Inc. budgeted production of 785,000 candles for
the year....
Cost of goods sold budget
Pasadena Candle Inc. budgeted production of 785,000 candles for
the year. Each candle requires molding. Assume that six minutes are
required to mold each candle. If molding labor costs $18 per hour,
determine the direct labor cost budget for the year. Wax is
required to produce a candle. Assume 487,125 pounds of material
will be purchased during the year. If candle wax costs $1.24 per
pound, determine the direct materials purchases for the year.
Prepare...
Sleep Tight, Inc., manufactures comforters. The estimated
inventories on January 1 for finished goods, work in...
Sleep Tight, Inc., manufactures comforters. The estimated
inventories on January 1 for finished goods, work in process, and
materials were $39,000, $33,000, and $27,000, respectively. The
desired inventories on December 31 for finished goods, work in
process, and materials were $42,000, $35,000, and $21,000,
respectively. Direct materials purchases were $575,000, direct
labor was $212,000 for the year, and factory overhead was $156,000.
Prepare a cost of goods sold budget for Sleep Tight, Inc. Sleep
Tight, Inc. Cost of Goods Sold...