Examlex

Solved

Answer the Following Questions Using the Information Below:
Pilbara Co

question 91

Multiple Choice

Answer the following questions using the information below:
Pilbara Co Pty Ltd expects to sell 6000 ceramic vases for $20 each.Direct materials costs are $2,direct manufacturing labour is $10,and manufacturing overhead is $3 per vase.The following inventory levels apply to 2017:
 Beginning inventory  Ending inventory  Direct materials 1000 units 1000 units  Work-in-process inventory 0 units 0 units  Finished goods inventory 400 units 500 units \begin{array} { l r r } & \text { Beginning inventory } & \text { Ending inventory } \\\text { Direct materials } & 1000 \text { units } & 1000 \text { units } \\\text { Work-in-process inventory } & 0 \text { units } & 0 \text { units } \\\text { Finished goods inventory } & 400 \text { units } & 500 \text { units }\end{array}
-What are the 2018 budgeted costs for direct materials,direct manufacturing labour,and manufacturing overhead,respectively?


Definitions:

American Aid

Assistance provided by the United States to other countries, including financial support, material supplies, and humanitarian relief.

World Bank

An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.

International Monetary Fund

An international organization established to promote global financial stability, foster economic growth, and reduce poverty around the world.

Soviet Union

A former federation of communist republics that was established in 1922 and dissolved in 1991, officially known as the Union of Soviet Socialist Republics (USSR).

Related Questions