Solution-Prepare the cost of goods sold budget for the year

Prepare the cost of goods sold budget for the year

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Reference no: EM132548228

Question 1: From the following details provided by Nutshell Inc, prepare the cost of goods sold budget for the year 2016.

Direct material per unit- $65

Direct labor hours per unit- 2 hours

Direct labor rate per hour- $50

Manufacturing overhead cost per direct labor hour- $20

Beginning inventory units- 1,000

Selling price per unit- $250

Budgeted units to be produced:

First Q- 15,000

Second Q- 18,000

Third Q- 21,000

Fourth Q- 24,000

Assume that Nutshell Inc has no closing stock at the end of each month.

Reference no: EM132548228

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Prepare the cost of goods sold budget for the year

Reference no: EM132548228

Reference no: EM132548228

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