At the beginning of the period, the Fabricating Department budgeted direct labor of $6,500 and equipment depreciation of $2,000 for 400 hours of production. The department actually completed 500 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting.

MyLife Publishers Inc. projected sales of 165,000 diaries for 2012. The estimated January 1, 2012, inventory is 24,200 units, and the desired December 31, 2012, inventory is 18,200 units.

What is the budgeted production (in units) for 2012?

Confederate Candle Co. projected sales of 64,000 candles for 2012. The estimated January 1, 2012, inventory is 2,900 units, and the desired December 31, 2012, inventory is 3,200 units.

What is the budgeted production (in units) for 2012?

MyLife Publishers Inc. budgeted production of 159,000 diaries in 2012. Paper is required to produce a diary. Assume eight square yards of paper are required for each diary. The estimated January 1, 2012, paper inventory is 30,500 square yards. The desired December 31, 2012, paper inventory is 27,000 square yards. If paper costs $0.70 per square yard, determine the direct materials purchases budget for 2012.

Confederate Candle Co. budgeted production of 64,300 candles in 2012. Wax is required to produce a candle. Assume eight ounces (one-half of a pound) of wax is required for each candle. The estimated January 1, 2012, wax inventory is 3,000 pounds. The desired December 31, 2012, wax inventory is 3,200 pounds. If candle wax costs $3.60 per pound, determine the direct materials purchases budget for 2012.

MyLife Publishers Inc. budgeted production of 159,000 diaries in 2012. Each diary requires assembly. Assume that 12 minutes are required to assemble each diary. If assembly labor costs $14.50 per hour, determine the direct labor cost budget for 2012. Do not round your intermediate calculations but, if required, round your final answer to the nearest dollar.

Confederate Candle Co. budgeted production of 64,300 candles in 2012. Each candle requires molding. Assume that 15 minutes are required to mold each candle. If molding labor costs $13.00 per hour, determine the direct labor cost budget for 2012. Do not round your intermediate calculations but, if required, round your final answer to the nearest dollar.

MyLife Publishers Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If sales on account are budgeted to be $340,000 for April and $300,000 for May, what are the budgeted cash receipts from sales on account for May?

Confederate Candle Co. pays 20% of its purchases on account in the month of the purchase and 80% in the month following the purchase. If purchases are budgeted to be $18,000 for October and $19,500 for November, what are the budgeted cash payments for purchases on account for November