Kennewick manufacturing company expects a 15 increase over

Assignment Help Accounting Basics

Reference no: EM13597931

Kennewick Manufacturing Company expects a 15% increase over the 200,000 units of product VIP sold last year and a 20% increase in the 160,000 units of product ZUM sold. VIP and ZUM are herbal supplements. Budgeted raw materials and finished goods inventories for the year were as follows:

Raw materials Beginning Ending

X 41,400 lbs. 39,800 lbs.
Y 46,000 gal. 49,000 gal.

Finished goods

VIP 19,400 units 18,000 units
ZUM 15,000 units 16,500 units

Materials and labor required in production:

For one unit VIP -- 2 lbs. of X, 2 gal. of Y
direct labor 2 hours at $6 per hour
For one unit ZUM -- 3 lbs. of X, 2 gal. of Y
direct labor 3 hours at $6 per hour

Factory overhead is applied at the rate of $4 per hour of labor used

Budgeted casts of raw materials:

X -- $1.50 per lb.
Y -- $2.25 per gal.

Selling price of VIP is $60 and SUM is $75

Prepare the following:A direct labor cost budget.Determine the production cost budgeted per unit of VIP and ZUM.

Reference no: EM13597931

Questions Cloud

Which of the following is not a reason for the special : 1.in verifying debits to perpetual inventory records of a non-manufacturing firm the auditor would be most interested

Actual cash received from cash sales was 11279 and the : actual cash received from cash sales was 11279 and the amount indicated by the cash register total was 11256. what is

How did mr madoff keep his new investments at such a high : some say that bernard l. madoff is the biggest financial fraud in history. the new york times gives us some background

The questions below pertain to two different scenarios : the questions below pertain to two different scenarios involving a manufacturing company. in each scenario the cost

Kennewick manufacturing company expects a 15 increase over : kennewick manufacturing company expects a 15 increase over the 200000 units of product vip sold last year and a 20

Quick fix-it corporation was organized in january 2011 to : quick fix-it corporation was organized in january 2011 to operate severl car repair businesses in a large metropolitan

In addition common fixed expenses totaled 371000 and were : tennison corporation has two major business segments?consumer and commercial. data for the segment and for the company

The dates of importance in connection with cash dividend : the dates of importance in connection with cash dividend declared and paid of 69500 on a corporations commmon stock are

In auditing the balance sheet most revenue and expense : 1. an audit in accordance with the single audit act does not involve reporting upon a. compliance with provisions of

User Account

All Pages