Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. required q4-6 leecompany is doing the budget

required Q4-6 LEEcompany is doing the budget for month...

90.2K

Verified Solution

Question

Accounting

required Q4-6
image
image
LEEcompany is doing the budget for month November 2021.The following data are provided. The company manufactures tables for schools Sales in units 36,250 $25000 6600 hours Budgeted manufacturing overhead Budgeted activity (DLH] Desired Ending Inventory Beginning Inventory (production) Hourly Rate for Direct Labour 2100 units 1600 units $37.20 For each television produced, they need 3 square feet of wood and metal that cost $54.50 per square foot. The company started the month with 450 TV in stock and it has decided to keep 300 TV as ending inventory The company uses 5 hours of direct labour to make one TV. The company uses DLH as the cost driver to allocate manufacturing overhead At the end of production it charges 35% margin over the unit cost 4. Allocate cost to manufacturing overhead using direct labour hours as the activity (company uses Plant wide Predetermined Rate ] 5. What is the budgeted total product cost? Calculate the unit cost. 6. Using the margin provided, make a sales budget for the month

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students