Reference no: EM132725641

Questions -

Question 1: A company determined that the budgeted cost of producing a product is $36 per unit. On March 1, there were 87,542 units on hand, the sales department budgeted sales of 346,775 units in March, and the company desires to have 110,400 units on hand on March 31. The budgeted cost of goods manufactured for March would be?

Question 2: Materials costs of $1,200,000 and conversion costs of $1,320,000 were charged to a processing department in the month of September. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. There were no units in beginning work in process, 20,000 units were started into production in September, and there were 5,000 units in ending work in process that were 30% completed at the end of September.

Question 3: Petra Co. reported the following information for 2019:

October November December

Budgeted sales 688,781 818,251 $900,000

80% sales are on credit.

Customer amounts on account are collected 60% in the month of sale and 40% in the following month.

How much is the November 30, 2019 budgeted Accounts Receivable?

Question 4: Aterix Company reported the following year-end information:

Beginning work in process inventory $1,080,000

Beginning raw materials inventory 300,000

Ending work in process inventory 900,000

Ending raw materials inventory 480,000

Raw materials purchased 960,000

Direct labor 900,000

Manufacturing overhead 720,000

Asterix Company's cost of goods manufactured for the year is?

Question 5: Petra Shoes Co. has gathered the following information concerning one model of shoe:

Variable manufacturing costs $50,000

Variable selling and administrative costs $35,000

Fixed manufacturing costs $150,000

Fixed selling and administrative costs $129,800

Investment $1,800,000

ROI 25%

Planned production and sales 6,000 pairs

What is the target selling price per pair of shoes?