Ch 21 formulas Flashcards
1
Q
Budgeted Production
A
Budgeted Sales+Desired Ending Inventory−Beginning Inventory
2
Q
Total Direct Materials Required
A
(Units to be Produced×Material per Unit)+Desired Ending Raw Materials−Beginning Raw Materials
3
Q
Total Direct Materials Cost
A
Total Direct Materials Required×Cost per Material Unit
4
Q
Total Direct Labor Cost
A
(Units to be Produced×Direct Labor Hours per Unit)×Direct Labor Rate per Hour
5
Q
Total Factory Overhead
A
Variable Overhead+Fixed Overhead
6
Q
Total Cash Receipts
A
Cash Sales+Collections from Credit Sales
7
Q
Total Cash Payments
A
Payments for Materials+Payments for Labor+Payments for Overhead+Other Cash Expenses
