Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. Prepare the direct labor cost budget for February 2. Calculate the unit direct labor and direct material cost for both finished products. The budget
1. Prepare the direct labor cost budget for February | |||||
2. Calculate the unit direct labor and direct material cost for both | |||||
finished products. |
The budget director of Royal Furniture Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected information concerning sales and production for February 2014 is summarized as follows: a. Estimated sales of King and Prince chairs for February by sales territory: Northern Domestic: Southern Domestic: International b. Estimated inventories at February 1: Direct materials: Finished products 420 sq. yds. 580 linear ft 250 cu. ft. 660 units 90 units 25 units Filler c. Desired inventories at February 28 Direct materials Finished products 390 sq. yds 650 linear ft. 300 cu. ft 540 units 80 units 35 units d. Direct materials used in production: In manufacture of King 6.0 sq. yds. per unit of product 38 linear ft. per unit of product 4.2 cu. ft. per unit of product 16 units per unit of product In manufacture of Prince: 26 linear ft. per unit of product 3.4 cu.ft. per unit of product 12 units per unit of product
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started