Animal Transport 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 Transport accounts for direct materials using a FIFO cost-flow assumption (Click the icon to view the account information.) Animal Transport 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. Plastic Metal Total Physical Units Budget Direct materials required for Cat-allac 1,560 lbs 260 lbs 1,000 lbs 200 Ibs 2,560 460 Ibs Ibs Dog-errific Total quantity of direct material 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 Metal 110 Direct materials to be used this period I Help me solve this Etext pages Get more help Clear all Final check - X Product information HW Score: 57.19%, 14.3 of 25 points Points: 0.52 of 4 Save hal Transport uses an activity-based costing system and classifies overhead into three fity pools: Setup, Processing, and Inspection. Activity rates for these activities are per setup-hour, 55 per machine-hour, and $16 per inspection-hour, respectively. er information follows: Input Prices Direct materials Plastic $ 4 per pound Metal S 3 per pound Direct manufacturing labor $10 per direct manufacturing labor hour Input Quantities per Unit of Output Cat-allac Dog-eriffic . Account information Direct materials Plastic 5 pounds Metal Direct manufacturing labor-hours (DMLH) Machine-hours (MH) 3 pounds 0.5 pounds 3 hours 10 MH 1 pound 5 5 hours 18 MH Sales and Inventory Information, Finished Goods Cat-allac Dog-eriffic Expected sales in units 500 215 Selling price $ $ 215 $ 320 Target ending inventory in units 35 15 Beginning inventory in units 15 30 Beginning inventory in dollars $ $ 1,500 $ 5,580 Animal Transport uses a FIFO cost-flow assumption for finished-goods inventory. Inventory Information, Direct Materials Plastic Metal Beginning inventory Target ending inventory Cost of beginning inventory 260 pounds 360 pounds 1,092 60 pounds 50 pounds 192 $ $ Print Done Print Done Metal Direct materials to be used this period Help me solve this Etext pages Get more help Clear all Final check Other information Requirements Cost Driver Information Cat-allac Dog-errific Number of units per batch 20 8 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 $34,000, 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. 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 Transport's management team better manage the company? Print Done Print Done 10 be purchased this period Plastic Metal Direct materials to be used this period Help me solve this Etext pages Get more help Clear all Final check