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b Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $4 per pound and 0.4 direct labor
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Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $4 per pound and 0.4 direct labor hour at a rate of $12 per hour. Variable overhead is budgeted at a rate of $3 per direct labor hour. Budgeted fixed overhead is $4,400 per month. The company's policy is to maintain direct materials Inventory equal to 40% of the next month's direct materials requirement. At the end of February the company had 10,880 pounds of direct materials in Inventory. The company's production budget reports the following Production Budget March April Units to produce 3,400 4,700 4,900 (1) Prepare direct materials budgets for March and April (2) Prepare direct labor budgets for March and April (3) Prepare factory overhead budgets for March and April Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct materials budgets for March and April. GARDEN YETI Direct Material Budget March Units to produce April Materials needed for production (pounds) Total materials required (pounds) Materials to purchase (pounds) Cost of direct materials purchases Regled Required 2 > Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direc direct labor hour at a rate of $12 per hour. Variable overhead is budgeted at a rate of $3 overhead is $4,400 per month. The company's policy is to maintain direct materials Inve materials requirement. At the end of February the company had 10,880 pounds of direct production budget reports the following. 0:47:02 Production Budget Units to produce March 3,400 April 4,700 May 4,900 (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and April (3) Prepare factory overhead budgets for March and April. int Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct labor budgets for March and April. (Round "DL hours required per unit" answer GARDEN YETI Direct Labor Budget March April Units to produce Direct labor hours needed Cost of direct labor garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $4 Trect labor hour at a rate of $12 per hour. Varlable overhead is budgeted at a rate of $3 per direct labor hour. Buc verhead is $4,400 per month. The company's policy is to maintain direct materials Inventory equal to 40% of the materials requirement. At the end of February the company had 10,880 pounds of direct materials In Inventory. Th roduction budget reports the following. 4,700 Production Budget March April May Units to produce 3,400 4,900 1) Prepare direct materials budgets for March and April. 2) Prepare direct labor budgets for March and April. 3) Prepare factory overhead budgets for March and April Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare factory overhead budgets for March and April. GARDEN YETI Factory Overhead Budget March April Direct labor hours needed Budgeted variable overhead Budgeted total factory overhead Step by Step Solution
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