Collins Company is preparing its master budget for April Use

Last updated: 3/25/2024

Collins Company is preparing its master budget for April Use the given estimates to determine the amounts necessary for each of the following requirements Estimates may be related to more than one requirement a What should total sales revenue be if territories A and B estimate sales of 10 000 and 16 000 units respectively and the unit selling price is 48 b If the beginning finished goods inventory is an estimated 2 000 units and the desired ending inventory is 3 000 units how many units should be produced 27 000 c What dollar amount of material should be purchased at 4 per pound if each unit of product requires 3 pounds and beginning and ending materials inventories should be 5 000 and 4 000 pounds respectively x d How much direct labor cost should be incurred if each unit produced requires 1 5 hours at an hourly rate of 17 e How much manufacturing overhead should be incurred if fixed manufacturing overhead is 55 000 and variable manufacturing overhead is 2 50 per direct labor hour