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3. help me please please complete 3 parts Luther, Inc. minutos model plane kits and projects production at 459.420.400 und 750 ks for wat four
3. help me please please complete 3 parts
Luther, Inc. minutos model plane kits and projects production at 459.420.400 und 750 ks for wat four qustun (Click the icon to view the manufacturing Wormation) Prepare their dreams budget and later bed mandatula vichead budget for the year round the direct laber hours meeded for production, bodgited control cool and predetermined head allocation rate for two decimal places Hound other mount to the most while rumbo Degin by propter hoc moteris budget Lutherine Direct Materials toget For the Year Ended December Second Quarter Quarter Tha Fourth Quote Total buscas founder Du made for production Tutal duct manded Points: 0 0 6 Part 1 of 3 Luther, Inc. manufactures model aliplane kits and projects production at 450, 420, 400, and 750 kits for the next four quarters CRO Begin by preparing Luther's direct materials budget Luther, Inc. Direct Materials Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total Direct materials (ounces) per kit Direct materials needed for production Plus Total direct materials needed Less Budgeted purchases of direct materials Direct materials cost per ounce Budgeted cost of direct materials purchases pgeted overhead - - X More info Direct materials are five ounces of plastic per kit and the plastic costs $4 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 910 ounces, and the company desires to end each quarter with 10% of the materials needed for the next quarter's production. Luther desires a balance of 280 ounces in Raw Materials Inventory at the end of the fourth quarter. Each kit requires 0.25 hours of direct labor at an average cost of $22 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.70 per kit, and fixed overhead is $130 per quarter Print Done Step by Step Solution
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