Reference no: EM132419005
Problem 1: Adelps Company provides the following information for their first year of operations in 2018:
Sales, 10,000 units @$20 each
Total production, 13,000 units
Production costs per unit:
Direct materials $4.00
Direct labor $2.00
Variable overhead $2.00
Fixed manufacturing overhead $14,000
Adelps Company uses absorption costing. Determine for Adelps Company the FY 2018 Cost of Goods Sold. (Round & enter final answer to the nearest dollar)
Problem 2: Adelps Company has budgeted activity for March to reflect net income $190,000. All sales are credit sales. Receivables are planned to increase (decrease -) by $-3,000 payables to increase (decrease -) by $-11,000 and Depreciation Expense is $48,000. Determine how much cash will increase (decrease) during the month of March. (Decreases in accounts receivable or accounts payable will have a negative sign in front of number. Round & enter final answer to the whole dollar.)
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