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ABC Floor Mill
ABC Floor Mill
ABC Floor Mill
Beginning Balances
Accounts Rceivable 0
Beginning Finished Goods 0
Beginning Raw Material 25000
Account Payable 0
Production 10000
Cash 500000
Data assumed
Costs
Selling Price per 40 Kg 2750 To Produce 1 bag of 40 kg
Raw Material
Raw Material (Wheat) 100 Needed 10
Labor Hours 200 Direct labor hours 4
Variable Manufacturing Over Head 27.5
10000
Fixed Manufacuring Overhead 0
Depreciation 50000
Variable Selling and Administrative
Expense 15
86240
Equipment Purchases (each quarter) 0