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Please i request to answer all the the questions i have last question on my subscription it will again renew on 14th aug.

2 Required information Ramos Co. provides the following sales forecast and production budget for the next four months. Part 1 of 2 April 540 480 Sales (units) Budgeted production (units) May 620 610 June 570 580 July 640 580 3 points The company plans for finished goods inventory of 160 units at the end of June. In addition, each finished unit requires 5 pounds of direct materials and the company wants to end each month with direct materials inventory equal to 30% of next month's production needs. Beginning direct materials inventory for April was 720 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.50 hours of direct labor at the rate of $20 per hour. The company budgets variable overhead at the rate of $24 per direct labor hour and budgets fixed overhead of $8,400 per month. Prepare a direct materials budget for April, May, and June. > > Answer is complete but not entirely correct. RAMOS CO. Direct Materials Budget For April, May, and June April May June Budget production (units) 480 610 580 units Materials requirements per unit 5 5 5 lbs. Materials needed for production (lbs.) 2.400 3,050 2,900 lbs. Budgeted ending inventory (lbs.) 915 870 960 lbs. Total materials requirements (lbs.) 3,315 3,920 3,860 lbs. Beginning inventory (lbs.) 720 915 870lbs . Materials to be purchased (lbs.) 2,595 3,005 2,990 lbs. Materials price per pound $ 2.00$ 2.00 $ 2.00 Budgeted cost of direct materials $ 5,190 $ 6,010 $ 5,980 purchases OOO oooo OOO 2 Hutto Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures. 6 points Direct materials (16 lbs. $4 per lb.) Direct labor (2 hrs. @ $16 per hr.) $64 32 During May the company incurred the following actual costs to produce 8,100 units. eBook Direct materials (132,500 lbs. @ $3.80 per lb.) Direct labor (20,500 hrs. $16.10 per hr.). $503,500 330,050 Hint AH = Actual Hours SH = Standard Hours AR = Actual Rate SR - Standard Rate Print References AQ - Actual Quantity SQ = Standard Quantity AP = Actual Price SP - Standard Price (1) Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) (2) Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances. Indicate whether each variance is favorable or unfavorable. Actual Cost Standard Cost X AQ SP SQ AQ 132,500 AP S 3.80 SP S 4.00 132,500 $ 4.00 $ 503,500 $ 530,000 S 26,500 S 0 $ 26,500 0 Required 1 Required 2 > 2 Hutto Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures. Direct materials (16 lbs. $4 per lb.) Direct labor (2 hrs. $16 per hr.) $64 32 6 points During May the company incurred the following actual costs to produce 8,100 units. eBook Direct materials (132,500 lbs. @ $3.80 per lb.) Direct labor (20,500 hrs. @ $16.10 per hr.). $503,500 330,050 Hint AH = Actual Hours SH - Standard Hours AR = Actual Rate SR = Standard Rate Print References AQ = Actual Quantity SQ - Standard Quantity AP = Actual Price SP = Standard Price (1) Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) (2) Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. Actual Cost Standard Cost $ 0 $ 0 $ 45,000 Depreciation Plant equipment straight-line) 315,000 Utilities ($60,000 is variable) 210,000 Plant Banagement salaries 190, DOD 1.930,000 Gross profit 1,220,000 Selling expenses Packaging 90,000 Shipping 105, DOD Sales salary (fixed annual amount 235,000 430,000 General and administrative expenses Advertising expense 125,00 Salaries 290 Entertainment expense 85,000 440,000 Tncare from operatione $ 350,000 Rennes Required: 182. Prepare flexible budgets for the company at sales volumes of 14,000 and 16,000 units and classify all items listed in the fixed budget as variable or fixed. PHOENIX COMPANY Flexible Budgets For Year Ended December 31, 2019 Flexible Budget Variable Amount Total Fixed per Unit Cost Flexible Budget for: Units Sales Unit Sales of of 14,000 16,000 Variable costs 0.00 0 0 Fixed costs 0 $ os 0