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Answer the Following Questions Using the Information Below:
Elton, Inc

Question 119

Multiple Choice

Answer the following questions using the information below:
Elton, Inc., expects to sell 6,000 ceramic vases for $20 each. Direct materials costs are $2, direct manufacturing labor is $10, and manufacturing overhead is $3 per vase. The following inventory levels apply to 2016:
 Beginning inventory  Ending inventory  Direct materials 1,000 units 1,000 units  Work-in-process inventory 0 units 0 units  Finished goods inventory 400 units 500 units \begin{array} { l r r } & \text { Beginning inventory } & \text { Ending inventory } \\\text { Direct materials } & 1,000 \text { units } & 1,000 \text { units } \\\text { Work-in-process inventory } & 0 \text { units } & 0 \text { units } \\\text { Finished goods inventory } & 400 \text { units } & 500 \text { units }\end{array}
-What are the 2016 budgeted production costs for direct materials,direct manufacturing labor,and manufacturing overhead,respectively?


A) $12,200; $61,000; $18,300
B) $12,000; $60,000; $18,000
C) $2,000; $10,000; $3,000
D) $2,000; $0; $4,500

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