4. 2 MCO Leather manufactures leather purses Each purse requites 2 pounds of direct materials at a cost of $4 per pound and 07 direct tabor hours at a rate of $12 per hour Variable manufacturing overhead is charged at a rate of $2 per direct labor hour Foed manufacturing overhead is $13.000 per month. The company's policy is to end each month with direct materials inventory equal to 30% of the next month's materials requirement. At the end of August the company had 4 380 pounds of direct materials in inventory The company's production budget reports the following Production tudent Seber October this to produced 1,400 6,700 woed (0) Prepare direct materials budgets for September and October (2) Prepare direct labor budgets for September and October (3) Prepare factory overhead budgets for September and October Complete this question by entering your answers in the tabs below. Fequired Hequired 2 Required Prepare direct materials budgets for September and October MCO Leather Direct Materiale del For the Months of September and Och September October Budgeted production (unit) 5,400 5,300 10.800 12.600 10300 12 600 Mal de production Busted ending into Totalment Budged being inventory Mas to be purchased ) Dacest Total de recta 10.800 12.800 $ 5 13200 50 100 Required 2 > Homework Chapter 20 4 2 Doints MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $4 per pound and 0.7 direct Jabor hours at a rate of $12 per hour Variable manufacturing overhead is charged at a rate of $2 per direct labor hour Fixed manufacturing overhead is $13,000 per month. The company's policy is to end each month with direct materials inventory equal to 30% of the next month's materials requirement At the end of August the company had 4 380 pounds of direct materials in inventory The company's production budget reports the following Production Budget September October November Units to be produced 5,400 6,300 6,700 Spoed eBook (1) Prepare direct materials budgets for September and October (2) Prepare direct labor budgets for September and October (3) Prepare factory overhead budgets for September and October H Complete this question by entering your answers in the tabs below. A rence Regulred 1 Regbred2 Required Prepare direct labor budgets for September and October (Round "OL hours required per unit" answers to one decimal place) MCO Leather Direct Labor Budget For the Months of September and October September October Budgeted production (ons) DL hours required per unit Total direct labor hours needed 0 Directorate per hour Total budgeted dead labor 5 OS 0 0 4 2 points MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $4 per pound and 07 direct labor hours at a rate of $12 per hour. Variable manufacturing overhead is charged at a rate of $2 per direct labor hour Fixed manufacturing overhead is $13,000 per month. The company's policy is to end each month with direct materials inventory equal to 30% of the next month's materials requirement . At the end of August the company had 4,380 pounds of direct materials in inventory The company's production budget reports the following Production Budget September October November Units to be produced 5,400 6,300 Skocoed 6,700 Boor (1) Prepare direct materials budgets for September and October (2) Prepare direct labor budgets for September and October (3) Prepare factory overhead budgets for September and October Complete this question by entering your answers in the tabs below, Required 1 Red Recured Prepare factory overhead budgets for September and October MCO Leather Factory Ovechead Budget For the Months of September and October September October Todabor housed VOHOL hou Budite view 0 To busted dereva 5
