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1:34 K ces Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $3 per pound and 0.5
1:34 K ces Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $3 per pound and 0.5 direct labor hour at a rate of $18 per hour. Variable overhead is budgeted at a rate of $3 per direct labor hour. Budgeted fixed overhead is $4,000 per month. The company's policy is to maintain direct materials inventory equal to 20% of the next month's direct materials requirement. At the end of February the company had 5,280 pounds of direct materials in inventory. The company's production budget reports the following. Production Budget Units to produce March 3,300 Required 1 April 4,600 (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and April. (3) Prepare factory overhead budgets for March and April. Complete this question by entering your answers in the tabs below. Units to produce May 4,800 Required 2 Required 3 Prepare direct materials budgets for March and April. GARDEN YETI Direct Materials Budget March April
Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $3 per pound and 0.5 direct labor hour at a rate of $18 per hour. Varlable overhead is budgeted at a rate of $3 per direct labor hour. Budgeted fixed overhead is $4,000 per month. The company's policy is to maintain direct materials inventory equal to 20% of the next month's direct materials requirement. At the end of February the company had 5,280 pounds of direct materials in inventory. The company's production budget reports the following. (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and Aprli. (3) Prepare factory overhead budgets for March and Apri! Complete this question by entering your answers in the tabs below. Prepare direct materials budgets for March and Apri! Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $3 per pound and 0.5 direct labor hour at a rate of $18 per hour. Varlable overhead is budgeted at a rate of $3 per direct labor hour. Budgeted fixed overhead is $4,000 per month. The company's policy is to maintain direct materials inventory equal to 20% of the next month's direct materials requirement. At the end of February the company had 5,280 pounds of direct materials in inventory. The company's production budget reports the following. (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and Aprli. (3) Prepare factory overhead budgets for March and Apri! Complete this question by entering your answers in the tabs below. Prepare direct materials budgets for March and ApriStep by Step Solution
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