Reference no: EM132693784

Problem 1: JYD Corporation's budget includes the following data:

Budgeted Sales of 7,200

Beginning Finished goods 300 - Ending finished goods 400

Beginning Work in process 60 - Ending work in process 160

How many units should the Corporation plan to produce during the period?

a. 7, 200

b. 7, 400

c. 7, 300

d. 7, 000

Problem 2: A Corporation has the following budgeted production for four months

April- 50,000

May- 40,000

June- 45,000

July- 60,000

Each unit of product requires 2 pieces of raw materials. The desired ending raw materials inventory for each month is 130% of the following month's production needs, plus 2,000 pieces. (The April1 inventory meets the requirement).

The product is processed in two departments (Dept A and Dept B) and the direct labor standards are as follows:

Department A- Hours per Unit 6, Rate per Hours P30, Labor cost per unit P180

Department B- Hours per Unit 2, Rate per Hours P40, Labor cost per unit P80

What is the budgeted direct labor cost for the month of July?

a. 10,400,000

b. 13,000,000

c. 7,200,000

d. 11,700,000