Animal Gear Company makes two pet carriers, the Cat-allac and the Dog-eriffic. They are both made of plastic with metal doors, but the Cat-allac is smaller Information for the two products for the month of April is given in the following tables EEE (Click the icon to view the information for the two products.) Animal Gear accounts for direct materials using a FIFO cost-flow assumption. EEB (Click the icon to view the account information.) Animal Gear uses an activity-based costing system and classifies overhead into three activity pools: Setup, Processing, and Inspection Activity rates for these activities are $105 per setup-hour, $10 per machine-hour, and $15 per inspection-hour, respectively Other information follows: (Click the icon to view the other information) Read the requirements CREED Requirement 5. Prepare the manufacturing overhead cost budgets for each of the three activities Begin the manufacturing overhead cost budgets for each of the three activities by first calculating the total setup time. Cat-allac Dog-errific Total Units to be produced 25 Units per batch Number of batches 1.50 1.75 Setup time per batch hrs. hrs Total setup time hrs. hrs hrs Animal Gear Company makes two pet carriers, the Cat-allac and the Dog-eriffic. They are both made of plastic with metal doors, but the Cat-allac is smaller Information for the two products for the month of April is given in the following tables EEE (Click the icon to view the information for the two products.) Animal Gear accounts for direct materials using a FIFO cost-flow assumption. EEB (Click the icon to view the account information.) Animal Gear uses an activity-based costing system and classifies overhead into three activity pools: Setup, Processing, and Inspection Activity rates for these activities are $105 per setup-hour, $10 per machine-hour, and $15 per inspection-hour, respectively Other information follows: (Click the icon to view the other information) Read the requirements CREED Requirement 5. Prepare the manufacturing overhead cost budgets for each of the three activities Begin the manufacturing overhead cost budgets for each of the three activities by first calculating the total setup time. Cat-allac Dog-errific Total Units to be produced 25 Units per batch Number of batches 1.50 1.75 Setup time per batch hrs. hrs Total setup time hrs. hrs hrs Animal Gear Company makes two pet carters, the Cat-allac and the Dog-erific They are both made of plastic with metal doors, but the Cat-allac is smaller Information for the two products for the month of April is given in the tables Click the icon to view the information for the word) following Animal Gear accounts for direct materials using a FIFO.cfmption Click the icon to view the account information) Animal Gear uses an activity-based costing system and classifie overhead three activity pools: Setup, Processing, and Inspection Activity rates for these activities are $105 per setup-hour $10 per machine-hour, and $15 per inspection hour, respectively. Other Click the in view the other information) Requirement 1. Prepare the revenues budget Revenues Budget For the Month of April Selling price Total revenues Units 530 5 2063 Dog-enfic 225 310 Total 178.400 Requirement 2. Prepare the production budget in units Production Budget (in Units) For the Month of April Budgeted units sales Add target ending finished goods inventory Total required units Deduct beginning finished goods inventory Catalla Dege 530 225 Units of finished goods to be produced Requirement 3. Prepare the direct material usage budget and direct material purchases budget Begin with the physical units portion, then prepare the cost budget portion of the direct material bu Direct Material Usage Budget in Quantity and Do Physical Units Budget Direct materials required for For the Month of April Material Plastic Dog-erritic Total quantity of direct meal to be used Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption Plastic Metal To be purchased this period Plastic Direct materials to be used this period $1,102 16.000 17.132 Now prepare the direct material purchases budget Direct Materials Purchases Budget For the Month of April Materials Physical Units Budget Plastic To be used in production 491 Be 410 Add target ending inventory 3.000 Total requirement Deduct beginning inventory Total For the Month of April Material Physical Units Budget Direct materials required for Cat-alac Dog-mic Total quantity of direct material to be used Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Plastic Metal Plastic Metal Total 2.200 275 lbs 1296 216 DA 3.490 491 1,102 217 To be purchased this period Plastic 16.030 1684 Metal 17.132 1.901 19.033 Direct materials to be used this period Now prepare the direct material purchases budget Direct Materials Purchases Budget For the Month of April Materials Plastic Metal Total Physical Units Budget To be used in production 410 Add target ending inventory Total requirement 3.000 556 b Deduct beginning inventory 3.616 486 Purchases to be made Cost Budget Purchases Requirement 4. Prepare the direct manufacturing labor cost budget Direct Manufacturing Labor Costs Budget For the Month of April Output units OMLH Total Hourly produced hours wage rate Total 550 3 1.650 $ 10 16.500 Dog-erific 210 5 1,080 10.800 10 27.300 Total Requirement 5. Prepare the manufacturing overhead cost budgets for each of the three activities Begin the manufacturing overhead cost budgets for each of the three activities by first calculating the total setup time. Cat-allac Dog-errific Total Units to be produced Units per batch Number of batches 150 175 Setup time per batch Chrs hrs Total selup time Chrs hrs