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: Click the icon to view the information for the two products.) Animal Gear accounts for direct materials using a FIFO cost-flow assumption. (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 $100 per setup-hour, $5 per machine-hour, and $16 per inspection-hour, respectively. Other information follows: (Click the icon to view the other information.) Read the requirements Account Information 500 Sales and Inventory Information, Finished Goods Cat-allac Dog-eriffic Expected sales in units 215 Selling price $ 215 $ 320 Target ending inventory in units 35 Beginning inventory in units 30 Beginning inventory in dollars $ 1,500 $ 5,580 Animal Gear uses a FIFO cost-flow assumption for finished-goods inventory. 15 Print Print Done Done Requirements Prepare the following for April: 1. Revenues budget 2. Production budget in units 3. Direct material usage budget and direct material purchases budget 4. Direct manufacturing labor cost budget 5. Manufacturing overhead cost budgets for each of the three activities 6. Budgeted unit cost of ending finished goods inventory and ending inventories budget 7. Cost of goods sold budget 8. Nonmanufacturing costs budget 9. Budgeted income statement (ignore income taxes) 10. How does preparing the budget help Animal Gear's management team better manage the company? Print Done + 0 Product Information Account Information Input Prices Direct materials Plastic 215 Sales and Inventory Information, Finished Goods Cat-allac Dog-eriffic Expected sales in units 500 Selling price 215 $ Target ending inventory in units Beginning inventory in units 30 Beginning inventory in dollars $ 1,500 $ 5,580 Animal Gear uses a FIFO cost-flow assumption for finished-goods inventory $ $ $ Metal Direct manufacturing labor 320 4per pound 3 per pound 10 per direct manufacturing labor hour 35 15 15 Input Quantities per Unit of Output Cat-allac Dog-eriffic 5 pounds 1 pound Print Done Direct materials Plastic Metal Direct manufacturing labor-hours (DMLH) Machine-hours (MH) Inventory Information, Direct Materials 3 pounds 0.5 pounds 3 hours 10 MH 5 hours 16 MH Metal Beginning inventory Target ending inventory Cost of beginning inventory Plastic 220 pounds 420 pounds 814 80 pounds 70 pounds 264 $ $ Print Done Requirements - XI Other information 20 Prepare the following for April: 1. Revenues budget 2. Production budget in units 3. Direct material usage budget and direct material purchases budget 4. Direct manufacturing labor cost budget 5. Manufacturing overhead cost budgets for each of the three activities 6. Budgeted unit cost of ending finished goods inventory and ending inventories budget 7. Cost of goods sold budget 8. Nonmanufacturing costs budget 9. Budgeted income statement (ignore income taxes) 10. How does preparing the budget help Animal Gear's management team better manage the company? Cost Driver Information Cat-allac Dog-errific Number of units per batch Setup time per batch 1.50 hours 2.00 hours Inspection time per batch 0.5 hours 0.6 hour If necessary, round up to calculate number of batches. Nonmanufacturing fixed costs for March equal $38,000, half of which are salaries. Salaries are expected to increase 5% in April. Other nonmanufacturing fixed costs will remain the same. The only variable nonmanufacturing cost is sales commission, equal to 1% of sales revenue. Print Done Print Done