Multiple Choice
Nantucket Industries manufactures and sells two models of watches,Prime and Luxuria.It expects to sell 3,800 units of Prime and 1,300 units of Luxuria in 2019.The following estimates are given for 2019:
Nantucket had an inventory of 240 units of Prime and 125 units of Luxuria at the end of 2018.It has decided that as a measure to counter stock outages it will maintain ending inventory of 350 units of Prime and 230 units of Luxuria.
Each Luxuria watch requires one unit of Crimpson and has to be imported at a cost of $13.There were 140 units of Crimpson in stock at the end of 2018.The management does not want to have any stock of Crimpson at the end of 2019.
What is the total budgeted cost of goods manufactured in 2019?
A) $1,153,000
B) $1,093,350
C) $1,212,650
D) $1,272,750
Correct Answer:

Verified
Correct Answer:
Verified
Q5: To prepare the direct materials labor costs
Q71: Which of the following statements is true
Q86: Which of the following is a reason
Q92: Budgeting includes only the financial aspects of
Q101: Computer-based systems, like ERP, help managers budget
Q109: A primary consideration in assigning a cost
Q146: Most computer-based financial planning models have difficulty
Q194: The following information pertains to the January
Q196: Bradford,Inc. ,expects to sell 6,000 ceramic vases
Q204: A budget generally includes only the financial