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Lemon, Inc. has prepared the following budgets for March. In March, budgeted production is 1,000 units, budgeted sales is 1,2
What is budgeted cost of goods sold for March? Multiple Choice Ο $54,400 Ο $65,280 Ο $63,280 Ο $52,262
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Answer #1

Budgeted costs for budgeted production of 1000 units

= Direct Material + Direct Labor + Manufacturing Labour
= $ 12000 + 18400 + 24000
= $54,400

Hence Per Unit Cost = $54,400 / 1000 = $54.4 per unit

Hence cost of goods sold for 1200 units = 1200 unit x $54.4 per unit
                                                                 = $65280

Hence, $65280 is correct Answer

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