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Jean-Pierre makes 5 pins which sell for $5,000 each. Since each Spin only takes one...

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Accounting

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Jean-Pierre makes 5 pins which sell for $5,000 each. Since each Spin only takes one bour to assentith. there is essentially no work-in process inventory. Each Spin should use 4 pounds of as at an expected cort of 5300 per pound. Each Spin should incur one drect labor hour at an expected con or 5200 per btH. Overhead is budgeted (and applied) at $500 per out. Inventory balances are as follows (lean. Pierre uses firo inveotory cost tlow assumption). During 2022 (the entire year) Jean-Pierre expects to sell 12.000 Spins. 1. What is the budgeted cost of BS purchased for 2022 ? 2. What is the budgeted dollar value of ending BS inventory? 3. What is the budgeted cost of direct labor for 2022 ? 4. What is budgeted overhead for 2022? 5. What is the budgeted cost of Spins manufactured for 2022 ? 6. What is budgeted dollar value of ending Finished Spin inventory? 7. How much income does Jean-Pierre expect to make if they sell 12,000 Spins in 2022 and have budgeted Selling \& Administrative expenses (including bribes and kick-backs) of $30,000,000 (assume no income taxes)

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