nes the has of Tais ar Coronado Industries det uly. There are 4200 pounds direct materials on hand at July 1 and the desired ending inventory is 3600 pounds. If the cost per unit of direct materials is $3, wh the budgeted total cost of direct materials purchases? O 183600. O 190800. O 187200. O 194400.
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- Eastman, Inc., manufactures and sells three products: R, S, and T. In January, Eastman, Inc., budgeted sales of the following. At the end of the year, actual sales revenue for Product R and Product S was 3,075,000 and 3,254,000, respectively. The actual price charged for Product R was 25 and for Product S was 20. Only 10 was charged for Product T to encourage more consumers to buy it, and actual sales revenue equaled 540,000 for this product. Required: 1. Calculate the sales price and sales volume variances for each of the three products based on the original budget. 2. Suppose that Product T is a new product just introduced during the year. What pricing strategy is Eastman, Inc., following for this product?Compute the dollar amount of Direct Material "A" to be used in production during the year, given the following info: Budgeted Sales for the year = 640,000 units Estimated Beg. Inventory = 108,000 units Desired End. Inventory = 90,000 units The Quantities of Direct Materials expected to be used for each Unit of finished product are as follows: Material A = 0.5 lb. per unit @ $0.60 per lb. Material B 1.0 lb. per unit @ $1.70 per lb. Material C= 1.2 lb. per unit @ $1.00 per lb. O $186,600.00 $210,600.00 O$181,200.00 $240,000.00Walman Company has budgeted to produce 44,000 units of Product Y for March 20Y9. To make one unit of finished product Y, three pounds of raw material are required. Actual beginning and desired ending inventories of raw material are as follows: 3/1/20Y9 – 100,000 pounds (Beginning) 3/31/20Y9 – 110,000 pounds (Desired Ending) How many pounds of raw material is Walman planning to purchase? Please prepare a purchases budget for the raw material.
- A company determined that the expected unit production cost is $40. On June 1, there were 83000 units on hand. The sales department budgeted sales of 200000 units in June and the company desires to have 130000 units on hand on June 30. The budgeted cost of goods produced for June is O $6120000. O $11320000. O $8000000. O$9880000.Rockport Corporation uses the cost formula Y- $4,800+ $0.40X for the maintenance cost, where X is machine-hours. The August budget is based on 9,000 hours of planned machine time. Maintenance cost expected to be incurred during August is: O $4,800 O $8,400 O $3,600 O $1,200Petersons Planters, Inc. budgeted the following amounts for the coming year: Beginning inventory, finished goods Cost of goods sold Direct material used in production Ending inventory, finished goods Beginning and ending work-in-process inventory Overhead is estimated to be two times the amount of direct labor dollars. What amount should be budgeted for direct labor for the coming year? Select one: $10,000 400,000 100,000 25,000 0 a. $210,000 b. $157,500 c. $315,000 d. $105,000
- Sawyer Industries, Inc. (SII), developed standard costs for direct material and direct labor. In 2023, SII estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic container. Budgeted quantity Budgeted price Direct materials 0.20 pounds $25 per pound Direct labor 0.10 hours $15 per hour During July, SII produced and sold 5,000 containers using 1,100 pounds of direct materials at an average cost per pound of $24 and 525 direct manufacturing labor hours at an average wage of $14.75 per hour. July's direct material flexible-budget variance is: A) $1,400 unfavorable B) $21,100 favorable C) $2,500 unfavorable D) None of these answers are correct.…Mandy Corporation sells a single product. Budgeted sales for the year are anticipated to be 662,000 units, estimated beginning inventory is 110,000 units, and desired ending inventory is 87,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below. Material A 0.50 lb. per unit @ $0.52 per pound Material D 1.00 lb. per unit @ $2.46 per pound Material C 1.20 lb, per unit @ $1.01 per pound The dollar amount of Material t used in production during the year is O&$1571,940 Ob $1.257.552 O $2,357910 Od $1.886.320Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 691,000 units, estimated beginning inventory is 108,000 units, and desired ending inventory is 83,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below.Material A 0.50 lb. per unit @ $0.50 per poundMaterial B 1.00 lb. per unit @ $2.15 per poundMaterial C 1.20 lb. per unit @ $1.05 per poundThe dollar amount of material A used in production during the year is a.$166,500 b.$1,431,900 c.$839,160 d.$172,750
- The Botosan Factory has determined that its budgeted factory overhead budget for the year is $13,500,000 and budgeted direct labor hours are 10,000,000. If the actual direct labor hours for the period are 350,000, how much overhead would be allocated to the period? a.$472,500 b.$675,000 c.$236,250 d.$470,630Mandy Corporation sells a single product. Budgeted sales for the year are anticipated to be 642,000 units, estimated beginning inventory is 105,000 units, and desired ending inventory is 84,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below. Material A 0.50 lb. per unit @ $0.50 per poundMaterial B 1.00 lb. per unit @ $1.78 per poundMaterial C 1.20 lb. per unit @ $0.86 per poundThe dollar amount of Material B used in production during the year is a.$1,105,380 b.$1,658,070 c.$884,304 d.$1,326,4561. Ashton Company produces Product A. Among the materials used are aluminum strips. According to the standards established based on the normal capacity level, three pieces of aluminum strips should be used for each product at a standard price of P0.60 per piece. For the month of November 2023, budgeted production was 5,100 units of Product A. During the month, however, records showed the following: Actual production: 4,000 units Aluminum strips purchased in November: 11,800 pieces at P0.62 Increase in inventory during November: 3,700 pieces For the aluminum strips, compute the following (show your solution): a. Budgeted quantity b. Budgeted cost c. Actual cost d. Standard quantity e. Standard cost f. Standard cost variance g. Price variance h. Quantity variance 2. During the month, 1,200 units of Product LTK were produced. Actual direct labor hour required was 600 direct labor hours at an actual cost of $6,060. According to the standard cost card for the product, 0.6 of labor hour…