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Mercury bag company produces cases of grocery bags the

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Mercury Bag Company produces cases of grocery bags. The managers at Mercury are trying to develop budgets for the upcoming quarter. The following data have been gathered:


  Projected sales in units
1,430 cases
  Selling price per case $ 240
  Inventory at the beginning of the quarter
150 cases
  Target inventory at the end of the quarter
100 cases
  Direct labor hours needed to produce one case
2 hours
  Direct labor wages $ 10 per hour
  Direct materials cost per case $ 8
  Variable manufacturing overhead cost per case $ 6
  Fixed overhead costs for the upcoming quarter $ 220,000

Reference no: EM13578759

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