Kesselring Corporation makes one product and has provided the following information to help prepare the master budget for the next three months of operations: Budgeted unit sales (all on credit): July8,400August8,800September12,200 Raw materials requirement per unit of output 4poundsRaw materials cost$3.00per poundDirect labor requirement per unit of output 2.8direct labor-hoursDirect labor wage rate$18.00per direct labor-hourPredetermined overhead rate (all variable)$11.00per direct labor-hourThe ending finished goods inventory should equal 40% of the following month's sales. The budgeted finished goods inventory balance at the end of August is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $358,192
B. $454,816
C. $150,304
D. $304,512
Answer: B
You might also like to view...
A pioneer in China, ________ created a national campaign asking Beijing residents to send text messages guessing the high temperature in the city every day for just over a month for a chance to win a one-year supply of its products
A) PepsiCo B) Coca-Cola C) Red Bull D) Poland Spring E) Unilever
Business ethics is the analysis of the nature and social impact of computer technology, and the corresponding formulation and justification of policies for the ethical use of such technology
Indicate whether the statement is true or false
Marketing research should be viewed as a supplement to, not a replacement for, _____.
A. the observational method. B. questionnaires. C. mail surveys. D. intuitive judgement.
Customers who have completed several transactions and are aware of a company's policies regarding returns, credits, and pricing flexibility are in the _____ stage of their relationship with the company
Fill in the blank(s) with correct word