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Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
Edition 2ISBN: 978-1111824402Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
Edition 2ISBN: 978-1111824402 Exercise 1
Cost of Goods Sold Budget
Refer to Cornerstone Exercise 8.6.
Required:
1. Calculate the total budgeted cost of units produced for Play-Disc for the coming year. Show the cost of direct materials, direct labor, and overhead.
2. Prepare a cost of goods sold budget for Play-Disc for the year.
3. What if the beginning inventory of finished goods was $75,200 (for 16,000 units)? How would that affect the cost of goods sold budget? (Assume Play-Disc uses the FIFO method.)
Refer to Cornerstone Exercise 8.6.
Required:
1. Calculate the total budgeted cost of units produced for Play-Disc for the coming year. Show the cost of direct materials, direct labor, and overhead.
2. Prepare a cost of goods sold budget for Play-Disc for the year.
3. What if the beginning inventory of finished goods was $75,200 (for 16,000 units)? How would that affect the cost of goods sold budget? (Assume Play-Disc uses the FIFO method.)
Explanation
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1. The below table shows budgeted cost o...
Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
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