Larken has forecast sales for the next three months as follows: July 4,500 units, August 6,100 units, September 7,700 units. Larken's policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 inventory is projected to be 1,800 units. Monthly manufacturing overhead is budgeted to be $17,600 plus $8 per unit produced. What is budgeted manufacturing overhead for July? Multiple Choice Ο Ο Ο Ο $41,720 $64,220 $58,720 $44,220

Larken has forecast sales for the next three months as follows: July 4,500 units, August 6,100 units, September 7,700 units. Larken's policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 inventory is projected to be 1,800 units. Monthly manufacturing overhead is budgeted to be $17,600 plus $8 per unit produced. What is budgeted manufacturing overhead for July? Multiple Choice Ο Ο Ο Ο $41,720 $64,220 $58,720 $44,220

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 4EB: Rehydrator makes a nutrition additive and expects to sell 3,000 units in January, 2,000 in February,...

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One Device makes universal remote controls and expects to sell 500 units in January, 800 in February, 450 in March, 550 in April, and 600 in May. The required ending inventory is 20% of the next months sales. Prepare a production budget for the first four months of the year.
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