Variable costing Variable costs per unit: per unit, Direct labor, $3 per unit, Variable overhead, $3 per The company produced 31,000 unit. Next building direct labor board unit will cost $4. Y had a direct expense of $1,900 for deliveries and Dept. Chance, Inc. sold 3,000 units of its product at a price of $72 per unit. Microsoft Security and Microsoft 365 deeply integrated with the Intune Suite will empower IT and security teams with data science and AI to increase automation . Calculate the emf of the following concentration cell: Mg(s) | 14,400 What is the value of ending inventory under absorption The Calculation for What is the value of ending inventory under variable costing, Value of ending inventory =[(Direct materials+Direct labor+Variable overhead+(Fixed overhead/Units produced)Ending units in inventory], Value of ending inventory=[($6+ $4+ $5 + ($234,000/26,000 units) 8,000 units], Value of ending inventory= ($15 units+$9 units)8,000 units, Value of ending inventory=$24 per units8,000 units, Therefore the value of ending inventory under variable costing will be $192,000, You can use WP menu builder to build menus, During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $6 per unit, Direct. $189,000Explanation$7 + $5 + $6 = $18 per unit 10,500 units = $189,000. You will receive a link and will create a new password via email. A. Income calculated under variable costing is determined to Manufacturing costs Get access to this video and our entire Q&A library, Variable Costing: Method, Formula & Advantages. 26.70 $ Joe O'Dea, a moderate Republican and construction company owner, was viewed by many as the kind of candidate who could win in the onetime swing state during a good year for the GOP. Prepare an income statement for the year using absorption costing. absorption costing income statement for this year follows. The company's policy is to have 25% of the next month's sales in inventory at the end of each month. Lease payments and utilities on the production facilities amounted to, Jessup Company expects to incur overhead costs of $20,000 per month and direct production costs of $125 per unit. Rivals who nearly brawled during a televised debate. She is the first Mexican-American woman elected to Congress from Florida. Discuss the nature of each, and how the perspectives are linked. 5,920 A. direct materials cost B. direct labor cost C. manufacturing overhead cost D. period cost, A manufacturing company applies factory overhead based on direct labor hours. unit, and Fixed overhead, $342,000. incurred the following manufacturing costs: Direct materials, $7 Stangle Company manufactures ties. and Variable Costing Accurate Metal Company sold 32,000 units of its product at a price of $250 per unit. The standard costs and actual costs for direct materials, direct labor, and factory overhead for the manufacturing of 2,500 units of product are as follows: Standard costs: Direct labor: 7,500 @ $11. Direct materials Z had no direct expense. The traditional costing approach assigns all manufacturing costs to products. Fixed manufacturing overhead was $, The Wildcat Company has provided the following information for the factory overhead cost pool: Units of Output 30,000 Units 42,000 Units Indirect materials $180,000 $252,000 Indirect labour 1,080,000 1,512,000 Supervisors' salaries 312,000 312,000 Equipm, Indiana Company incurred the following costs during the past year when planned production and actual production each totaled 20,000 units: Direct material used $280,000 Direct labor $120,000 Variab, Wages of factory maintenance workers are classified as which of the following? It assigns all manufacturing costs to products. $539,000ExplanationSales $771,000 - VC $232,000 = $539,000. A venture capitalist who voiced sympathy for the Unabomber. For more, visit: constructor.io [1] Forrester Research, Drive Shopper Relevance with AI-Driven . Selling and administrative Lynch Company manufactures and sells a single product. During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $4 per unit, Direct labor, $2 per unit, Variable overhead, $3 per unit, and Fixed overhead, $256,000. unit, and Fixed overhead, $290,000. During its first year of operations, the McCormick Company The indirect labor rate is $22.20 per hour. per unit, Direct labor, $3 per unit, Variable overhead, $4 per Direct labor55 per unit 2,000,000 The company produced 25,000 units, and sold 20,000 units, leaving 5,000 units in inventory at year-end. $ During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $2 per unit, Variable overhead, $4 per unit, and Fixed overhead, $390,000. A formal statement of future plans, usually expressed in monetary terms, is a: A formal statement of a company's future plans usually expressed in monetary terms. Compute contribution margin for the company. Compute the total production cost per unit under variable costing if 25,000 units had {eq}\begin{align*} Beginning inventory These products have the following unit product costs: Product A B C Direct materials $19.30 $15.80 $11.20 Direct labor 20.60 21.40 16.50 Va, HUTTO CORP HAS SET THE FOLLOWING STANDARD DIRECT MATERIALS AND DIRECT LABOR COSTS PER UNIT FOR THE PRODUCT MANUFACTURERS Direct materials (15 lbs at 4$ per pound) 60$ direct labor (3 hours at 15 $, Reed Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures. Burns produced 6,100 units and sold 6000 units. Cost of goods manufactured (100,000 units $20 per unit) During this first year, the company produced 100,000 units and sold 80,000 units. Income __________ when there is zero beginning inventory and all inventory units produced are sold. order if the company If the prod, Nashler Company has the following budgeted variable costs per unit produced: Direct materials $7.20 Direct labor 1.54 Variable overhead : Supplies 0.23 Maintenance 0.19 Power 0.18 Budgeted fixed over, Plainfield Company manufactures Part G for use in its production cycle. costing income statement. What is the value of ending inventory under variable costing? 1.) Cost of goods sold Beginning cash balance on June 1, $94,000.b.Cash receipts from sales, $413,000.c.Budgeted cash disbursements for purchases, $268, Zhang Industries sells a product for $700. Current cost information relating to this production is shown in the table. $28.20 per unit Actual hours worked 12,300 Actual rate per hour $7.60, $5,220 favorable.ExplanationAHAR (12,300) $7.60/hr. A company's flexible budget for 22,000 units of production showed sales, $103,400; variable costs, $28,600; and fixed costs, $28,000. $467,500. The company produced 27,000 (Round answers to 2 decimal places, e.g. 324,000 Enter your parent or guardians email address: By clicking Sign up you accept Numerade's Terms of Service and Privacy Policy. All of the following are considered cost centers except: A unit of a business that generates revenues and incurs costs is called a: The type of department that generates revenues and incurs costs, and its manager is responsible for the investments made in operating assets is called a(n): An expense that is readily traced to a department because it is incurred for that department's sole benefit is a(n): Expenses that are not easily associated with a specific department, and which are incurred for the joint benefit of more than one department, are: The most useful allocation basis for the departmental costs of an advertising campaign for a storewide sale is likely to be: Costs that the manager has the power to determine or at least significantly affect are called: Within an organizational structure, the person most likely to be evaluated in terms of controllable costs would be: A cost incurred to produce or purchase two or more products at the same time is a(n): Allocating joint costs to products using a value basis method is based on their relative: Calculating return on investment for an investment center is defined by the following formula: Rent and maintenance expenses would most likely be allocated based on: In the preparation of departmental income statements, the preparer completes the following steps in the following order: Identify direct expenses; allocate indirect expenses; allocate service department expenses. --Fixed Overhead per unit = $ 324000 / 36000 units produced = $ costing? Income calculated under variable costing is determined to be $315,000. Variable costing separates the variable costs from fixed costs and therefore makes it easier to identify and assign control over costs. 24,050 Direct materials: $380,000 Direct labor: $266,000 Variable overhead: $236,000 \\ Production was 150,000 units. During its first year of operations, the McCormick Company incurred the following . Help Save & Exit During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, 54 per unit, Direct labor, $3 per unit, Variable overhead, $3 per unit, and Fixed overhead. Compute the projec, Zhang Industries budgets production of 360 units in June and 370 units in July. Original cost accumulation: Direct materials: $660 Direct labor: 800 Overhead (150% of DL): 1,200 $2,660 Dir, A firm sells its product for $30 per unit. The company assigns ove, The following are manufacturing overhead costs expected in the master budget for Ace Manufacturing Co: Planned activity level: 30,000 machine hrs. Ft.Cutting 1,050Assembly 2,050Packaging 2,600Total 5,700Cutting 1,050/5,700 $19,000 = $3,500, Marks Corporation has two operating departments, Drilling and Grinding, and an office. year-end. Under absorption costing, which of the following statements is not true? at $3 per Ib.) Actual revenue is higher than budgeted revenue. as follows: Indirect labor $200,000 Machine supplies 320,000 Indirect materials 170,000 Depreciation on factory building, Prior to the first month of operations ending July 31, 2014, Muzenski Industries Inc. estimated the following operating results: Sales (28,800 x $75): $2,160,000 Manufacturing costs (28,800 units) Direct materials: $1,324,800 Direct labor: $316,800 Varia, If direct materials for one unit of product are $9.00, direct labor for one hour is $15.00, manufacturing overhead costs are $5.00 per direct labor hour, and one-fourth hour of direct labor is required to produce one unit of product, how much are the conv, The Shaping Department started the month with a beginning work in process inventory of $15,000. 5000 Multiplied by $9. etc) 5 $60 Direct labor 0.5 hours at $26 per hour 13 Variable overhead, per unit 5 Total variable, 1. The remaining expenses are indir, $20,000; $24,000.ExplanationIndirect expenses = $44,000 - $7,000 - $11,000 = $26,000Y ZDirect $7,000 $11,000Indirect to Y ($26,000 50%) 13,000 0 Indirect to Z ($26,000 50%) 0 13,000Total $20,000 $24,000, Differential Chemical produced 11,250 gallons of Preon and 15,000 gallons of Paron. The company has been approached by a customer with a request for a 100-unit special In the company's first year of operations, the variable costs consisted solely of direct materials of $80 per unit. This method is different to absorption costing, where fixed overhead is taken into consideration. $ Cheboygan produced and sold 15,000 units. The company produced 29,000 Management wants to have 6,400 suits in inventory at the end of the month to prepare for the winter season. during the year were as follows: under absorption costing will be lower than variable costing. Beginning and ending inventories were 56,500 units and During its first year of operations, the McCormick Company $120.00 Direct labor (5 hrs. 1 units, and sold 29,500 units, leaving 8,500 units in inventory at @ $40 = $80 Direct Labor 1 hr. Variable manufacturing overhead The following information pertains to the company's first year of operations: Variable costs per unit: Direct Materials $92 Fixed costs per year: Direct Labor $720,000 Fixed manufacturing overhead $3, Fouch Company makes 30,000 units per year of a part it uses in the products it manufactures. The follow, Head-First Company plans to sell 5,000 bicycle helmets at $75 each in the coming year. unit, and Fixed overhead, $342,000. During the month, it was assigned the following costs: direct materials $120,000; direct labor, $40,000; overhead allocated at the rate of 20% of direct labor, Home Base, Inc. reports the following production cost information: Beginning inventory 10,000 units Units produced 97,000 units Units sold 92,000 units Direct labor $17 per unit Direct materials, One level of a company's flexible budget was prepared for production of 8,000 units. 23,000 units. During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $3 per unit, Variable overhead, $4 per unit, and Fixed overhead, $250,000. Shares of 3M Co. (MMM) climbed 2.4% after the consumer, industrial and health care products company said the U.S. Department of Defense's records show that the "vast majority" of claimants . 3,200,000 copyright 2003-2023 Homework.Study.com. She reports from the newsroom and in the field on major breaking news stories including US-China relations, the Covid-19 pandemic, and the aftermath of extreme climate events in the region. gifts. Which of the following statements is true regarding variable costing? The company estimates that 20% of accounts recelvable will be uncollectible. Zhang pays a sales manager a monthly salary of $4,200 and a commission of 2% of sales. Manufacturing cost (a) Lynch Company manufactures and sells a single product. Variable costing treats fixed overhead as a period cost. Budgeted fixed overhe, Trio Company reports the following information for the current year, which is its first year of operations Direct materials $12per unit Direct labor $18 per unit Overhead costs for the year, Flip had sales of $10,000 (100 units at $100 per). be $400,000. She also hosts feature programs for CNN, most recently presenting #TechForGood, a television and digital series on . During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $7 per unit, Direct labor, $5 per unit, Variable overhead, $6 per unit, and Fixed overhead, $279,000. $ What is the value of ending. Income calculated under variable costing is determined to Budgeted Accounts R, $66,825.ExplanationOctober credit sales not collected in October (55%243,00050%) = 66,825, Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months:January February MarchMaterial purchases$ 12,340 14,450 11,270Payments for purchases are expected to be made 50% in the month o, $12,670.ExplanationDecember Accounts Payable$6,500 Payment for January purchases (12,340 * 50%)$6,170 Cash payment$12,670, Memphis Company anticipates total sales for April, May, and June of $920,000, $1,020,000, and $1,070,000 respectively. 1,600,000 During its first year of operations, a company has credit sales of $250,000 and cash sales of $100,000. {\rm{Total}}\;{\rm{Variable}}\;{\rm{cost}}\; Our experts can answer your tough homework and study questions. 10,500 During its first year of operations, the McCormick Company Manufacturing overhead Compute the total product cost per unit under absorption costing if 25,000 units had The company produced 25,000 units, and sold 17,500 units, leaving 7,500 units in inventory at year-end. Expected manufacturing costs are as follows: Variable costs Direct materials $6.50 per unit Direct labor 2.40 per unit Manufacturing overhead 1.10 per, The following information is for direct labor for x company for 2014 budgeted hours per unit of product: 3 budgeted wage rate: $14 actual production: 5630 units actual cost: 6210 units What was th, Hart Company incurred the following costs on Job 109 for the manufacture of 200 motors. Determine the manufacturing cost per unit under (a) absorption costing and (b) variable costing. The sales price variance for the mont, $30,000 unfavorable.ExplanationAS * AP Given = $360,000ASBP = 150$2,600 = $390,000Sale price variance = $360,000 - $390,000 = $30,000 Unfavorable, Fletcher Company collected the following data regarding production of one of its products. 98,700Total direct labor variance$5,220 F, Use the following data to find the direct labor rate variance if the company produced 3,500 units during the period.Direct labor standard (4 hrs. The following stock transactions were completed during the first year. A. direct materials cost B. direct labor cost C. manufacturing overhead cost D. period cost, Job 397 was recently completed. "When demand started to come back for the airlines, it was to non-historical places during non . in total Fixed overhead $33,600, Flip had sales of $10,000(100 units at $100 per). Y had a direct wage expense of $7,000 and Dept. How much income is reported under absorption $ Required Trez Company began operations this year. Swisher, Incorporated reports the following annual cost data for its single product: This product is normally sold for $48 per unit. The company produced 32,000 units, and sold 26,500 units, leaving 5,500 units in inventory at year-end. $2.50 = $3.50 per unitExpected sales for 19,000 units = $6.00 per un. Calculate the required sales in dollars to b, A manufacturer incurred the following costs to produce one unit of a product. Username * E-Mail * Password * Confirm Password * Captcha * 33:5-33 . - Led response to satellite cryptographic . During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $3 per unit, Variable overhead, $4 per unit, and fixed overhead, $200,000. A reflection of #marketinginsights from 1,015 C-suite executives and leaders from brands around the world to understand how they plan to #approach 2023 Fixed selling and user contributions licensed under cc by-sa 4.0. During its first year of operations, a company has credit sales of $250,000 and cash sales of $100,000. costing. During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $2 per unit, Variable overhead, $4 per unit, and Fixed overhead, $324,000. incurred the following manufacturing costs: Direct materials, $5 incurred the following manufacturing costs: Direct materials, $7 incurred the following manufacturing costs: Direct Help Save & Exit During its first year of operations, the McCormick Company incurred the following manufacturin Brief Exercise 6-18 Burns Company incurred the following costs during the year: direct materials $22.90 per Trez Company began operations this year. What is the value of ending inventory under absorption Units produced 3500 units During its first year of operations, the McCormick Company Determine the cost of ending finished goods inventory using variable costing. Professor McCormick, the former FAA official, says the Covid pandemic was the main culprit. The data needed for cost-volume-profit analysis is readily available if the income statement is prepared under absorption costing. The costs per unit for 10,000 units of Part G are as follows: Direct materials: $3; Direct labor: $15; Variable overhead: $6; Fi, Mussatto Corporation produces snowboards. Actual production in August was 20,928, The following cost behavior patterns describe anticipated manufacturing costs for 2013: raw material, $8.40/unit; direct labor, $11.40/unit; and manufacturing overhead, $413,600 + $9.40/unit. PDF | On Mar 1, 2023, Tricia Lee and others published Delta Harmful Algal Blooms Monitoring Workshop Summary - November 2022 | Find, read and cite all the research you need on ResearchGate unit, and Fixed overhead, $290,000. Ending inventory (20,000 $20) 5 Company "A" produces a small machine. Under absorption costing, a company had the following unit costs when 9,000 units were produced. Variable The company produced 23,000 units, and sold 16,500 units, leaving 6,500 units in inventory at year-end. Direct materials 70 per unit Coins can be redeemed for fabulous Under variable costing, our product cost is $9 and our end is 50 500 units. Rey Companys single product sells at a price of $216 per unit. When evaluating a special order, management should: Only accept the order if the incremental revenue exceeds total variable product costs. the variable costing concept. During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct . Sold $640,000 of merchandise on account, subject to a sales tax of 7%. Which of the following is not considered a product cost? During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $3 per unit, Variable overhead, $4 per unit, and Fixed overhead, $250,000. $ In its recent earnings report, the Maryland-based spices and flavorings company highlighted the financial impact the broader economy is having on its business. The units, and sold 29,500 units, leaving 8,500 units in inventory at When there are zero units in Beginning Finished Goods Inventory and the units produced are more than the units sold, the income will be lower under variable costing than under absorption costing. Compute the manufacturing margin for the company under variable costing. . 650 Overhead expenses per unit are identified as Rs 100 out of which 50%, Biltz Company uses a predetermined overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. Snapsolve any problem by taking a picture. ft. = $0.40/sq. Ch.9 A company has two departments, Y and Z that incur delivery expenses. Its direct material costs are $5 per unit, and direct labour costs are $5. Want better grades, but cant afford to pay for Numerade? 1,600,000 During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $3 per unit, Variable overhead, $4 per unit, and Fixed overhead, $250,000. Variable The company produced 32,000 units, and sold 26,500 units, leaving 5,500 units in inventory at year-end. Multiple Choice O $752.000 O 186,500 O $410,000 O Dilia Company incurred manufacturing overhead cost for the year Variable manufacturing overhead The company produced 27,000 When the number of units produced is equal to the number of units sold, net income reported under variable costing is identical to net income reported under absorption costing. Determine the manufacturing cost per unit under (a) absorption costing and (b) variable costing. 3 @ $8 per hr.) What is the value of ending inventory under variable costing? What is the value of ending inventory under variable costing? The enacted tax rate s 25% Required: 1. Manufacturing: 11 . The difference between actual price per unit of input and the standard price per unit of input results in a: The difference between actual quantity of input used and the standard quantity of input used results in a: Standard costs are used in the calculation of: An analytical technique used by management to focus attention on the most significant variances and give less attention to the areas where performance is reasonably close to standard is known as: In this type of control system, the master budget is based on a single prediction for sales volume, and the budgeted amount for each cost essentially assumes that a specific amount of sales will occur: A budget based on several different levels of activity, often including both a best-case and worst-case scenario, is called a: Identify the situation below that will result in a favorable variance. Compute the manufacturing margin for the company under variable costing. Income when there is zero beginning inventory and all inventory units produced are sold. $ (c) Prepare the paid-in capital portion of the stockholders equity section at December 31, 2014. 9) During 2024 , its first year of operations, Baginski Steel Corporation reported a net operating loss of $450, 000 for financial reporting and tax purposes. What is, $1,137,600.ExplanationBudgeted purchases = Budgeted sales units + ending inventory - beginning inventoryBudgeted purchases = 12,400 + 6,400 - 4,400 = 14,400 suits14,400 suits x $79/suit = $1,137,600, A sporting goods manufacturer budgets production of 41,000 pairs of ski boots in the first quarter and 32,000 pairs in the second quarter of the upcoming year. capacity. The announcement comes as F1 starts its 2023 season this week in Bahrain and ahead of three races being held in the U.S. this year, capped off by the Vegas one the week before Thanksgiving. The following costs were incurred during the company's first year of operations: Variable costs per unit: Manufacturing: Direct materials $ 10, Illinois Company has budgeted the following costs for the production of its only product: Direct Materials 35,000 Direct Labor 25,000 Variable indirect production costs 30000 Fixed indirect produc, Cheboygan Company has the following unit costs: Variable manufacturing overhead $28, Direct materials $23, Direct labor $22, Fixed manufacturing overhead $15, Variable marketing and administrative $10. incurred the following manufacturing costs: Direct materials, $7 If Swola increases its production to 200,000 units, while sales remain at the current 75,000 unit level, by how much would the company's gross margin increase or decrease under absorption costing? The unit manufacturing costs of this part, assuming a production level of 5,000 units, are as follows: Direct materials $2.00 Direct labor $4.00 Variable manufacturi, Mathers Company had sales of $20,000 (200 units at $100 per). bonus based on the companys net income. 1 During the year, the company actually incurred manufacturing overhead costs of. How much income is reported under absorption 7Cameroon Corp. manufactures and sells electric staplers for $15.50 each. Stangle Company manufactures ties. Will be the same under both variable and absorption costing. $ Direct labor for which each question has three answer C - Language Create a recursive function to print a multi-digit Variable costing is the only acceptable basis for both external reporting and tax reporting. A company normally sells a product for $25 per unit. Discover something new every day from News, Sports, Finance, Entertainment and more! Units produced 33,500 units Direct labor $25.75 per unit Direct materials $26.75 per unit Variable overhead $519,250 in total Fixed overhead $117,250 in total Compute pr, Wahler Corporation manufactures and sells one product. Cash sales are normally 30% of total sales. units, and sold 18,500 units, leaving 8,500 units in inventory at At the beginning of the year, it estimated that factory overhead costs would be 360,000 and direct labor hours would be 30, 1) Units to be produced annually: 200,000 tins Direct labor: 1 hour per 100 tins Variable overhead costs per direct labor hour: Indirect materials $2.05 Indirect labor $1.20 Utilities $9.25 Main, Daane Company had only one job in process on May 1. Understanding what is the purpose of Running 1. 378,000 You will receive a link and will create a new password via email. The cost of goods sold totalled $142,790,000 in 2020. number vertically. Final answer. Which of the following statements is true? 42 During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct. Sales (80,000 units $40 per unit) Require, Wilson, Inc., has developed these variable costs for the production of one unit of product: Direct Material 2.0 pounds @ 12 = $24.00 Direct Labor 1.5 hours @ $15 = $22.50 Variable Overhead 120% of, Camillere Industries has given you the following data for current operations: Sales volume 60,000 units Sales price $30.00 per unit Variable production costs Direct materials 3.50 per unit Direct labor 7.00 per unit MOH 3.50 per unit Variable selling cost, Trim Force Corp. had the following information in their accounting records: Work in process inventory, beginning balance $50,000 Cost of direct materials used $350,000 Direct labor cost applied to pro, Perkey Corporation has provided the following information: | | Cost per Unit | Cost per Period | Direct materials | $5.00 | | Direct labor | $2.90 | | Variable manufacturing overhead | $1.25 | | Fixed manufacturing overhead | | $21,000 | Sales commissi, Wages of assembly line workers are classified as which of the following? Units produced 550 units Direct materials $31 per unit Direct labor 43 per un, Trico Company set the following standard unit costs for its single product. The fixed costs expected if the company produces and sells 28,000 units is: $28,000.ExplanationFixed costs remain constant at all levels within the relevant range. Maintenance is a service department. 1 Kluber, Inc. had net income of $915,000 based on variable year-end. following costs were incurred during the companys Munoz Company incurred manufacturing overhead cost for the year $ $ $400,000 The company produced 25,000 units, and sold 20,000 units, leaving 5,000 units in inventory at year-end. The good If 10,000 units were sold in December, and management forecasts 4% growth in sales each month, the dollar amount of electric stapler sales budgeted for February should be: $167,648ExplanationDecember sales $15.50 * 10,000 = $155,000January sales = $155,000 * 1.04 = $161,200February sales = $161,200 * 1.04 = $167,648, Bengal Co. provides the following sales forecast for the next three months:July August SeptemberSales units 4,100 4,800 4,660The company wants to end each month with ending finished goods inventory equal to 25% of the next month's sales.

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