Calculate the direct material budgeted cost for quarter

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Reference no: EM132072740

Tangshang Industries production budget from the 2nd quarter of 2018, projected the following amounts of units to be produced: April 1,100 units May 1,250 units June 1,300 units Each unit requires 2 parts of component A and 3 parts of component B. Component A cost is $1.15 per unit and component B cost is $.85 per unit. 7. Calculate the Direct Material budgeted cost for May 2018 8. Calculate the Direct Material budgeted cost for the quarter April - June 2018 9. The raw materials inventory policy is 0 ending inventory, 0 beginning inventory. How much inventory of component A is required in April 2018? Each unit requires the following labor: 2 hours in the processing department 1 hour in the assembly department Processing department labor rate is $5/hour Assembly department labor rate is $7/hour Using the information from the production budget of Tangshang Industries 10. Calculate Total Direct Labor Cost in the processing department for the quarter April – June 2018. 11. Calculate Total Direct Labor Cost for June 2018. 12. Calculate Total Direct Labor Cost for the quarter April – June 2018. Variable Factory overhead is $.60 per unit Fixed Factory overhead is $1,000 monthly Using the information from the production budget of Tangshang Industries 13. Calculate total variable overhead cost for May 2018 14. Calculate total variable overhead cost for the quarter April - June 2018 15. Calculate total overhead cost for the quarter April - June 2018 16. Calculate total product cost for the quarter April - June 2018 17. Calculate total product cost per unit for the quarter April - June 2018 18. If the sale price is $34.00, what will be the Gross Profit per unit? 19. If the sale price is $34.00 for the units produced during the quarter, what will be the Total Gross Profit?

Reference no: EM132072740

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