Jordan and Taylor are too busy baking brownies to schedule 1.Units to be produced annually: 200,000 tins Direct labor: 1 hourper 100 tins Variable overhead costs per direct labor hour:Indirect materials $2.05 Indirect labor $1.20 Plant Utilities $9.25Factory Equipment Maintenance $3.50 Fixed overhead costs perquarter: Factory Worker's Insurance $3,000 Factory EquipmentDepreciation $2,000 Plant Rent $12,000 What is the budgeted totalmanufacturing overhead for the year? 2. Sales: 60,000 tins perquarter Variable costs per dollar of sales: sales commissions 5%,delivery expense .5%, and advertising 1.5%. Fixed costs perquarter: sales salaries $40,000, office rent $1,500, officeutilities $1,200, and repairs expense $200. Selling price: $10 pertin What is the budgeted total selling and administrative expensesfor the quarter? 3. Sales are 30% cash and 70% on credit. Creditsales are collected 10% in the month of sale, 50% in the monthfollowing sale, and 36% in the second month following sale. Saleswere December $180,000; January $220,000; February $250,000; andMarch $300,000. What was total cash received in March?
Jordan and Taylor are too busy baking brownies to schedule 1.Units to be produced annually: 200,000 tins Direct labor: 1 hourper 100 tins Variable overhead costs per direct labor hour:Indirect materials $2.05 Indirect labor $1.20 Plant Utilities $9.25Factory Equipment Maintenance $3.50 Fixed overhead costs perquarter: Factory Worker's Insurance $3,000 Factory EquipmentDepreciation $2,000 Plant Rent $12,000 What is the budgeted totalmanufacturing overhead for the year? 2. Sales: 60,000 tins perquarter Variable costs per dollar of sales: sales commissions 5%,delivery expense .5%, and advertising 1.5%. Fixed costs perquarter: sales salaries $40,000, office rent $1,500, officeutilities $1,200, and repairs expense $200. Selling price: $10 pertin What is the budgeted total selling and administrative expensesfor the quarter? 3. Sales are 30% cash and 70% on credit. Creditsales are collected 10% in the month of sale, 50% in the monthfollowing sale, and 36% in the second month following sale. Saleswere December $180,000; January $220,000; February $250,000; andMarch $300,000. What was total cash received in March?
