Need all three. Thank you!! 11.) Glaston Company manufactures a single...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Need all three. Thank you!!
11.) Glaston Company manufactures a single product using a JIT inventory system. The production budget indicates that the number of units expected to be produced are 183,000 in October, 191,500 in November, and 188,000 in December. Glaston assigns variable overhead at a rate of $0.70 per unit of production. Fixed overhead equals $140,000 per month. Compute the total budgeted overhead that would appear on the factory overhead budget for month of October A. $323,000. B. $268,100. C. $274,050. D. $128,100. 12) A July sales forecast projects that 7,900 units are going to be sold at a price of $12.40 per unit. The management forecasts 15% growth in sales each month. Total July sales are anticipated to be: A. $97,960. B. $103,354. C. $62,000. D. $92,566. 13.) Memphis Company's May sales budget calls for sales of $990,000. The store expects to begin May with $59,000 of inventory and to end the month with $64,000 of inventory. Gross margin is typically 45% of sales. Compute the budgeted cost of merchandise purchases for May. A. $539,500. B. $549,500. C. $544,500. D. $445,500
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!