Business, 06.04.2021 02:00 student8248

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 $36,780 $6,130 $145,500 $188,410
Estimated inventory, September 1 1,240 950 4,250 6,440
Desired inventory, September 30 1,890 1,070 5,870 8,830 Direct labor cost:
Kiln Department Decorating Department Total
Total direct labor cost budgeted for September $47,900 $145,700 $193,600
Finished goods inventories:
Dish Bowl Figurine
Total Estimated inventory, September 1 $5,780 $3,080 $2,640 $11,500
Desired inventory, September 30 3,710 2,670 3,290 9,670
Work in process inventories:
Estimated inventory, September 1 $3,400
Desired inventory, September 30 1,990
Budgeted factory overhead costs for September:
Indirect factory wages $ 81,900
Depreciation of plant and equipment 14,300
Power and light 5,200
Indirect materials 4,100
Total $105,500
Use the preceding information to prepare a cost of goods sold budget for September. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 21:00

The following accounts appeared in recent financial statements of delta air lines. identify each account as either a balance sheet account or an income statement account. for each balance sheet account, identify it as an asset, a liability, or stockholders' equity. for each income statement account, identify it as a revenue or an expense. item financial statement type of account accounts payable balance sheet advanced payments for equipment balance sheet air traffic liability balance sheet aircraft fuel (expense) income statement aircraft maintenance (expense) income statement aircraft rent (expense) income statement cargo revenue income statement cash balance sheet contract carrier arrangements (expense) income statement flight equipment balance sheet frequent flyer (obligations) balance sheet fuel inventory balance sheet landing fees (expense) income statement parts and supplies inventories balance sheet passenger commissions (expense) income statement passenger revenue income statement prepaid expenses income statement taxes payable balance sheet

Answers: 1

Answer

Business, 22.06.2019 08:00

How do communism and socialism differ in terms of the role that government plays in the economy ?

Answers: 1

Answer

Business, 22.06.2019 11:30

Chuck, a single taxpayer, earns $80,750 in taxable income and $30,750 in interest from an investment in city of heflin bonds. (use the u.s. tax rate schedule.) (do not round intermediate calculations. round your answers to 2 decimal places.)

Answers: 2

Answer

Business, 22.06.2019 17:40

Aproduct has a demand of 4000 units per year. ordering cost is $20, and holding cost is $4 per unit per year. the cost-minimizing solution for this product is to order: ? a. 200 units per order. b. all 4000 units at one time. c. every 20 days. d. 10 times per year. e. none of the above

Answers: 3

Answer

You know the right answer?

The controller of MingWare Ceramics Inc. wishes to prepare a cost of goods sold budget for September...

Questions