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-hour?The 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:
A. $150,304
B. $304,512
C. $358,192
D. $454,816
Answer: D
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Indicate whether the statement is true or false
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a) =B2*(B1-B3)
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c) =B1*(B2+B3)
d) =B1*(B2-B3)
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Fill in the blank(s) with the appropriate word(s).