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11 Alleyway Corp. manufactures two styles of leather bowling bag, the Strike and Turkey, Budgeted production levels for October follow: Strike Turkey Production 2,400 bags
11 Alleyway Corp. manufactures two styles of leather bowling bag, the Strike and Turkey, Budgeted production levels for October follow: Strike Turkey Production 2,400 bags 3,450 bags 05 points 0404 Two departments, Cutting and Sewing, produce the bowing bags. Direct labor hours needed for each style are as follows: Cutting Sewing Strike 0.150 hour per bag 0.250 hour per bag Turkey 8.150 hour per bag 0.500 hour per bag Houny direct labor rates are $10 for the Cutting Department and $15 for Sewing Determine Alleyway's budgeted direct labor cost for October (Round your final answers to nearest whole dollar. Do not round your Intermediate calculations.) Required: Prim Cutting Sewing Bugated Direct Labor Cost The following information is available for Pioneer Company: Sales price per unit is $120. November and December, sales were budgeted at 3,160 and 3,420 units, respectively. Variable costs are 12 percent of sales (5 percent commission, 2 percent advertising, 5 percent shipping). Fixed costs per month are sales salaries, $5,600; office salaries, $3,000; depreciation, $2,400; building rent, $4,000; insurance, $1,400, and utilities, $800. Required: Determine Pioneer's budgeted selling and administrative expenses for November and December. November December Total Budgeted Selling and Administrative Expenses Sales are expected to be 12,000 units at $51.00 each. Each unit requires 2 pounds of direct materials at $3.10 per pound. . Each unit requires 1.9 hours of direct labor at $14.00 per hour, Manufacturing overhead is $4.10 per unit. Beginning direct materials inventory is $4,600.00. Ending direct materials inventory is $5,750.00 Selling and administrative costs totaled $137,520. . Required: 1. Determine Ceder's budgeted cost of goods sold. 2. Complete Ceder's budgeted income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete Ceder's budgeted income statement. (Do not round the intermediate values.) CEDER CORP Budgeted Income Statement Budgeted Gross Margin Riwal Naneli inime Complete the following table: (Enter all values as positive values.) Production NUMBER OF UNITS Ending Sales Inventory 675 125 Beginning Inventory 100 825 825 110 110 840 700 220 80 925 1,375 95 355 750 725 195 170 815 770 305 350
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