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Determine cedars budgeted costs of goods sold

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Reference no: EM132516371

Cedar Company has compiled the following data for the upcoming year:

  1. Sales are expected to be 15,500 units at $46.00 each.
  2. Each unit requires 3 pounds of direct materials at $2.30 per pound.
  3. Each unit requires 2.0 hours of direct labor at $12.00 per hour.
  4. Manufacturing overhead is $4.80 per unit.
  5. Beginning direct materials inventory is $5,300.00.
  6. Ending direct materials inventory is $6,800.00.
  7. Selling and administration costs totaled $138,570.

Required:

Question 1: Determine Cedar's budgeted costs of goods sold.

Question 2: Complete Cedar's budgeted income statement.

Reference no: EM132516371

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