Maurice Tutor

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Category > Management Posted 06 Jan 2018 My Price 7.00

Mercury Bag Company

Mercury Bag Company produces cases of grocery bags. The managers at Mercury are trying to develop budgets for the upcoming quarter. The following data have been gathered:


 

Projected sales in units  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        1,200 cases

 

Selling price per case   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         $240

 

Inventory at the beginning of the quarter  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      150 cases

 

Target inventory at the end of the quarter  . . . . . . . . . . . . . . . . . . . . . . . . . . . . .       100 cases

 

Direct labor hours needed to produce one case  . . . . . . . . . . . . . . . . . . . . . . . .     2 hours Direct labor wages  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                                                                   $10 per hour

 

Direct materials cost per case. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         $8 Variable manufacturing overhead cost per case  . . . . . . . . . . . . . . . . . . . . . . . .                                               $6

 

Fixed overhead costs for the upcoming quarter . . . . . . . . . . . . . . . . . . . . . . . . .     $220,000

 

 

 

a.       Using the above information, develop Mercury’s sales forecast in dollars and production schedule in units.

 

b.       What is Mercury’s budgeted variable manufacturing cost per case?

 

c.       Prepare Mercury’s manufacturing cost budget.

 

d.       What is the projected ending value of the Inventory account?

 

 

 

LO4 LO5

 

Answers

Maurice Tutor
(5)
Status NEW Posted 06 Jan 2018 06:01 PM My Price 7.00

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