1 questions, 4 parts
Scholastic Furniture, Inc, manufactures a varlety of desks, chairs, tables, and shelf units that are sold to public school systems throughout the Midwest. The controller of the company's Desk Division is currently preparing a budget for the second quarter of the year. The following sales forecast has been made by the division's sales managef. Each desk-and-chair set requires 10 board feet of pine planks and 1.5 hours of direct labor. Each set sells for $50. Pine planks cost $0.50 per board foot, and the division ends each month with enough wood to cover 10 percent of the next month's production requirements. The division incurs a cost of $20 per hour for direct-labor wages and fringe benefits. The division ends each month with enough finished-goods inventory to cover 20 percent of the next month's sales. Required: Complete the following budget schedules. 1. Sales budget. 2. Production budget (in sets). 3. Raw-material purchases. 4. Direct-labor budget Complete this question by entering your answers in the tabs below. Sales budget: Each desk-and-chair set requires 10 board feet of pine planks and 1.5 hours of direct labor. Each set se $0.50 per board foot, and the division ends each month with enough wood to cover 10 percent of the requirements. The division incurs a cost of $20 per hour for direct-labor wages and fringe benefits. The enough finished-goods inventory to cover 20 percent of the next month's sales. Required: Complete the following budget schedules. 1. Sales budget. 2. Production budget (in sets). 3. Raw-material purchases. 4. Direct-labor budget. Complete this question by entering your answers in the tabs below. Production budget (in sets): Scholastic Furniture, Inc,, manufactures a variety of desks, chairs, tables, and shen un preparing a budget for the se throughout the Midwest. The controller of the company's Desk Division is currenth. year. The following sales forecast has been made by the divi Each desk-and-chair set requires 10 board feet of pine planks and 1.5 hours of direct labor. Each set sells for $50. $0.50 per board foot, and the division ends each month with enough wood to cover 10 percent of the next month requirements. The division incurs a cost of $20 per hour for direct-labor wages and fringe benefits. The division enough finished-goods inventory to cover 20 percent of the next month's sales. Required: Complete the following budget schedules. 1. Sales budget. 2. Production budget (in sets). 3. Raw-material purchases. 4. Direct-labor budget. Complete this question by entering your answers in the tabs below. Raw-material purchases: (Round "Cost per board foot" to 2 decimal places.) Each desk-and-chair set requires 10 board feet of pine planks and 1.5 hours of direct labor. Each set sells $0.50 per board foot, and the division ends each month with enough wood to cover 10 percent of the nex requirements. The division incurs a cost of $20 per hour for direct-labor wages and fringe benefits. The di enough finished-goods inventory to cover 20 percent of the next month's sales. Required: Complete the following budget schedules. 1. Sales budget. 2. Production budget (in sets). 3. Raw-material purchases. 4. Direct-labor budget. Complete this question by entering your answers in the tabs below. Direct-labor budget: (Round "Direct labor hours per set" to 1 decimal place.)
