Prepare a cost of goods sold budget for lifetyme publishers

Reference no: EM13594464

Prepare a cost of goods sold budget for LifeTyme Publishers using the information in Practice Exercises 22-3A and 22-4A. Assume the estimated inventories on January 1, 2014 for finished goods and work in process were $28,000 and $17,000 respectively. Also assume the desired inventories on December 31, 2014 for finished goods and work in process were $12,900 and $3,500 respectively. Factory overhead was budgeted at $205,800.

Practice Exercise: 22-3A - LifeTyme Publishers budgeted production of 191,900 diaries in 2014. Paper is required to produce a diary. Assume seven square yards of paper are required for each diary. The estimated January 1, 2014 paper inventory is 29,100 square yards. The desired December 31, 2014 paper inventory is 32,900 square yards. If paper costs $0.80 per square yard determine the direct materials purchases budget for 2014.

Practice Exercise: 22-4A - LifeTyme Publishers budgeted production of 191,900 diaries in 2014. Each diary requires assembly. Assume that nine minutes are required to assemble each diary. If assembly labor costs $16.00 per hour, determine the direct labor cost budget for 2014.

Reference no: EM13594464

Questions Cloud

The first-order rate constant for the decomposition of a : the first-order rate constant for the decomposition of a certain antibiotic in water at 20 degrees celsius is 1.65

The ending inventory of pocket calculators was 800 units : the ending inventory of pocket calculators was 800 units higher at the end of the month than at the beginning of the

The chlorination of pentane gives a mixture of three : the chlorination of pentane gives a mixture of three monochlorinated products.a draw their structures.b predict the

Suppose you spread 085 g of this oil over the surface of : a mineral oil has a density of 0.875 gcm3. suppose you spread 0.85 g of this oil over the surface of water in a large

Prepare a cost of goods sold budget for lifetyme publishers : prepare a cost of goods sold budget for lifetyme publishers using the information in practice exercises 22-3a and

A 125ml flask and stopper have a mass of 79310g a 250ml : a 125ml flask and stopper have a mass of 79.310g. a 25.0ml sample of an unknown organic liquid is pipetted into the

American-based companies are required to adhere to us gaap : american-based companies are required to adhere to u.s. gaap however as commerce moves toward a global marketplace

Jane is making a suit wich requires 2 58yards for the : question jane is making a suit wich requires 2 58yards for the jackets and 1 34 yards for the skirts. what is the total

Butanes molar enthalpy of vaporization is 2244kjmol and its : butanes molar enthalpy of vaporization is 22.44kjmol and its normal boiling point is -0.40c. a 250 ml sealed

User Account

All Pages