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1. Calculate the budgeted revenues for next period 2. Calculate the estimated production in units for next period 3. Calculate the estimated cost of direct

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1. Calculate the budgeted revenues for next period

2. Calculate the estimated production in units for next period

3. Calculate the estimated cost of direct material purchases for next period

4. Calculate the estimated cost of direct labor for next period

Sales Expected sales in units 1,000 Selling price 200 5 Per lb. Standard material price Standard labor rate 12 Perhour Standard material perunit 5 lbs Standard labor per unit 2 hours Frished poods imentory Target ending inwentory in units 20 inning inventory in units 15 Direct material ientory Beginning balance Target ending inventory 200 lbs 300 lbs

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