No grade (practice only): Ceder Company has compiled the following data for the upcoming year: Sales are expected to be 12,000 units at $45.00 each.
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No grade (practice only): Ceder Company has compiled the following data for the upcoming year:
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Sales are expected to be 12,000 units at $45.00 each.
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Each unit requires 3 pounds of direct materials at $2.10 per pound.
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Each unit requires 1.6 hours of direct labor at $12.00 per hour.
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Manufacturing overhead is $3.10 per unit.
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Beginning raw materials inventory is $3,600.00.
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Ending raw materials inventory is $4,250.00.
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Selling and administrative costs totaled $136,020.
Required:
1.
(Do not round the intermediate values.)
Budgeted Cost of goods sold =
2.
(Do not round the intermediate values.)
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