22 quiz #5

Ornamental Sculptures Mfg. manufactures garden sculptures. Each sculpture requires 9 pounds of direct materials at a cost of S4 per pound and 0.4 direct labor hours at a rate of S16 per hour Variable manufacturing overhead is charged at a rate of s4 per direct labor hour Fbeed manufacturing overhead is $3,400 per month. The company's policy is to maintain direct materials inventory equal to 20% of the next month's materials requirement. At the end of February the company had 5,080 pounds of direct materials in inventory. The company's production budget reports the following: Production udget Harch Units to be produced 3,700 5,300 5,000 April May (1) Prepare direct materials budgets for Match and April (2) Prepare direct tabor 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. Required 1 Required 2 Required a Prepare direct materials budgets for March and April ORNAMENTAL SCULPTURES MEG. Direct Materials Budget For the Months of March and April March April Budgeted production (units) Materials requirements per unit() Materials needed for productions 0 Budgeted ending Inventory (lbs) Total materials requirements (bs) 0 Budgeted beginning inventory) Materials to be purchased lbs) 0 Direct material cost per i Total budgeted direct materials 5 0 S 0 O 0 0 Required 2 > Ornamental Sculptures Mg manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $4 per pound and 0.4 direct labor hours at a rate of $16 per hour. Variable manufacturing overhead is charged at a rate of $4 per direct labor hour . Fixed manufacturing overhead is $3,400 per month. The company's policy is to maintain direct materials inventory equal to 20% of the next month's materials requirement. At the end of February the company nad 5,080 pounds of direct materials in inventory. The company's production budget reports the following Production Budget April Units to be produced 3,700 5,300 5,000 March (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. Required Required Required) Prepare direct labor budgets for March and April. (Round "OL hours required per unit answers to two decimal places.) ORNAMENTAL SCULPTURES MEG. Direct Labor Budget For the Months of March and April March April Budgeted production (units DL hours required per unit Total direct labor hours needed 0 0 Direct labor rate per hour Total budgeted direct labor S 015 0 Omamental Sculptures Mig manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $4 per pound and 0.4 direct labor hours at a rate of $16 per hour. Variable manufacturing overhead is charged at a rate of $4 per direct labor hour. Fixed manufacturing overhead is $3.400 per month. The company's policy is to maintain direct materials inventory equal to 20% of the next month's materials requirement. At the end of February the company had 5,080 pounds of direct materials in inventory. The company's production budget reports the following Production Budget March April Hay Units to be produced 5,300 5,000 (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. Required: Required 2 Required Prepare factory overhead budgets for March and April ORNAMENTAL SCULPTURES MEG Factory Overhead Budget For the Months of March and April March April Total direct labor hours needed VOH rate per DL hour Budgeted variable overhead 5 0 Budgeted foued overhead Total budgeted factory overhead 5 05 0 0