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eBook Show Me HowPrint Item Question Content Area Cost of goods sold budget Pasadena Candle Inc. budgeted production of candles for January. Each candle requires molding. Assume that six minutes are required to mold each candle. If molding labor costs $ per hour, determine the direct labor cost budget for January. Wax is required to produce a candle. Assume pounds of material will be purchased during January. The candle wax costs $ per pound. Prepare a cost of goods sold budget for Pasadena Candle Inc. using the information above. Assume the estimated inventories on January for finished goods and work in process were $ and $ respectively and direct materials wax inventory of pounds. Also assume the desired inventories on January for finished goods and work in process were $ and $ respectively and direct materials wax inventory of pounds. Factory overhead was budgeted at $ For those boxes in which you must enter subtracted or negative numbers use a minus sign.
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Cost of goods sold budget
Pasadena Candle Inc. budgeted production of candles for January. Each candle requires molding. Assume that six minutes are required to mold each candle. If molding labor costs $ per hour, determine the direct labor cost budget for January. Wax is required to produce a candle. Assume pounds of material will be purchased during January. The candle wax costs $ per pound.
Prepare a cost of goods sold budget for Pasadena Candle Inc. using the information above. Assume the estimated inventories on January for finished goods and work in process were $ and $ respectively and direct materials wax inventory of pounds. Also assume the desired inventories on January for finished goods and work in process were $ and $ respectively and direct materials wax inventory of pounds. Factory overhead was budgeted at $ For those boxes in which you must enter subtracted or negative numbers use a minus sign.
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