Solution-Prepare a cost of goods sold budget for june

Prepare a cost of goods sold budget for june

Assignment Help Managerial Accounting

Reference no: EM132763944

Problem - Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 35,000 barrels of oil for purchase in June for $90 per barrel. Direct labor budgeted in the chemical process was $240,000 for June. Factory overhead was budgeted at $400,000 during June. The inventories on June 1 were estimated to be:

Oil $15,200

P1 8,300

P2 8,600

Work in process 12,900

The desired inventories on June 30 were:

Oil $16,100

P1 9,400

P2 7,900

Work in process 13,500

Required - Use the preceding information to prepare a cost of goods sold budget for June.

Reference no: EM132763944

Questions Cloud

Company liquidity ratio : An overview of the chosen company's liquidity ratios relative to the industry averages and to the competitor.

Prepare a schedule indicating cash collections from sales : Pet Supplies Inc., a pet wholesale supplier, was organized on January 1. Prepare a schedule indicating cash collections from sales

Find and calculate the present value of the lease payments : Calculate the present value of the $20,000 salvage value, again using monthly compounding and the given APR of 8%. Deduct the salvage value

Classical versus behavioral based management styles : Compare and contrast classical versus behavioral based management styles. What style is most effective and why?

Prepare a cost of goods sold budget for june : Delaware budgeted 35,000 barrels of oil for purchase in June for $90 per barrel. Prepare a cost of goods sold budget for June

Find what is the option value based on the binominal model : The current price of a stock is $22 and at the end of one year, it's price will either be $27 or $17. Based on the binominal model, what is the option's value?

Describe how you achieved the weekly objectives : Reflective inquiry allows for expansion in self-awareness, identification of knowledge gaps, and assessment of learning goals. Each week, you will reflect upon.

Determine the yield to an investor from argentina : Determine the yield (percentage retrun on investment) to an investor from Argentina who engages in covered interest arbitrage.

Prepare flexible selling and administrative expenses budget : Prepare a flexible selling and administrative expenses budget for October for sales volumes of $500,000, $750,000, and $1,000,000

User Account

All Pages

Prepare a cost of goods sold budget for june

Reference no: EM132763944

Reference no: EM132763944

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT