What will be Fair Score Companys budgeted total cost

Assignment Help Accounting Basics
Reference no: EM132524066

Question - Fair Score Company manufactures scoreboards for athletic events. It expects to sell 20,000 scoreboards in 2017. The company has enough beginning inventory of direct materials to produce 8,000 units. Beginning work-in-process inventory totals 2,000 units and is 100 percent complete as to material and 50 percent complete as to labour and overhead. Beginning finished units total 4,000 with a target ending finished inventory of 3,000 units. The scoreboards sell for $800. There is no ending work-in-process inventory. Direct materials costs for each scoreboard total $200 while direct labour is $80. Manufacturing overhead is $60 per scoreboard.

Required -

1. What will be Fair Score Company's budgeted total cost of direct materials used in 2017?

2. What will be the Fair Score Company budgeted amount of cost of goods sold?

Reference no: EM132524066

Questions Cloud

Calculate controlling interest in consolidated net income : During 2019, Pearce reported net income from independent operations (including sales to affiliates) of $1,500,000, Calculate controlling interest
Create monthly cash collection budget for raptors rugs : Create monthly cash collection budget for Raptors Rugs from May through October Determine what would be the accounts receivable at the end of October
What is by-of-islands cost of capital : What is By-of-Islands' cost of capital based these experts' opinion of the market risk premium.?
Which of the settings associated with the booking : All fees and costs associated with the booking of a hotel room reservation for a consumer need to be disclosed in which of the following settings/instances?
What will be Fair Score Companys budgeted total cost : Fair Score Company manufactures scoreboards for athletic events. What will be Fair Score Company's budgeted total cost of direct materials used in 2017
Absolute percentage difference in effective rate of interest : What is the absolute percentage difference in the effective rate of interest (ERI) between the two alternatives? Answer % Do not round intermediate calculations
Calculate profit under each plan : The Emporis Oil Corporation plans to invest $1 million in oil exploration. Calculate profit under each plan and comment on the relative effects
Prepare nesarab necessary journal entries for january : Prepare Nesarab's necessary journal entries for January 1, 2018, and December 31, 2018. On February 10, 2019 2000 options were exercised
What are agency costs : (a) What are agency costs? Of what significance are they in capital structure decisions?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd