BIU AA EEEEE In Excel, create a solution with all of the following items. Any cells that can be linked need to be. Your solution needs to have the following items labeled in the following order and rounded to TWO (2) decimal places: a. Revenue Budget (2 marks) b. Production Budget (2 marks) C Direct material usage budget (2 marks) d. Direct material purchase budget (2 marks) e. Direct manufacturing labor budget (2 marks) I 1. Manufacturing overhead budget (both variable and fixed) (2 marks) B. Computation of Unit Costs of Finished Goods (2 marks) h. Ending inventory budget (2 marks) Cost of Goods Sold budget (2 marks) 1. Budgeted Income Statement (2 marks) Assignment) Manufacturing overhead (both variable and fixed) is allocated to each hoodie on the basis of budgeted direct manufacturing labour-hours per hoodie. The budgeted variable manufacturing rate for June is $14 per direct manufacturing labour-hour. The budgeted fixed manufacturing overhead for June is $4,185. Both variable and fixed manufacturing overhead costs are allocated to each unit of finished goods. Non-manufacturing costs for Selling, General &Administration are $1,500. Data relating to the finished goods inventory for June are as follows: Beginning Inventory 35 Beginning inventory in dollars $ 3,200 Target ending inventory in units 25 I Budgeted sales for June are 190 units of the Seahawks hoodies. The budgeted selling price per unit in is $125. Assume the following in your answer: Work in process inventory are negligible and ignored. Direct materials inventory and finished goods inventory are costed using the FIFO method. Assignment) Manufacturing overhead (both variable and fixed) is allocated to each hoodie on the basis of budgeted direct manufacturing labour-hours per hoodie. The budgeted variable manufacturing rate for June is $14 per direct manufacturing labour-hour. The budgeted fixed manufacturing overhead for June is $4,185. Both variable and fixed manufacturing overhead costs are allocated to each unit of finished goods. Non-manufacturing costs for Selling, General & Administration are $1,500. Data relating to the finished goods inventory for June are as follows: Beginning Inventory 35 Beginning inventory in dollars $ 3,200 Target ending inventory in units 25 I Budgeted sales for June are 190 units of the Seahawks hoodies. The budgeted selling price per unit in is $125. Assume the following in your answer: Work in process inventory are negligible and ignored. Direct materials inventory and finished goods inventory are costed using the FIFO method. Seahawks logo patches 10 patches Unit cost data relating to direct-cost inputs for May and June are as follows: Blue Wool fabric (per metre) Seahawks logo patches (per patch) Direct manufacturing labour cost per hour $ $ $ May (Actual) 6.00 4.00 24.00 June (Budgeted) $ 8 $ 4 $ 25 A School of Business 2021, Southern Alberta Institute of Technology I Assignment) Manufacturing overhead (both variable and fixed) is allocated to each hoodie on the basis of budgeted direct manufacturing labour-hours per hoodie. The budgeted variable manufacturing rate for June is $14 per direct manufacturing labour-hour. The budgeted fixed manufacturing overhead for June is $4,185. Both variable and fixed manufacturing overhead costs are allocated to each unit of finished goods. Non-manufacturing costs for Selling, General & Administration are $1,500. Data relating to the finished goods inventory for June are as follows: Beginning Inventory 35 Beginning inventory in dollars $ 3,200 Target ending inventory in units 25 I Budgeted sales for June are 190 units of the Seahawks hoodies. The budgeted selling price per unit in is $125. Assume the following in your answer: Work in process inventory are negligible and ignored. Direct materials inventory and finished goods inventory are costed using the FIFO method. BIA Question Wear It Manufacturer creates hoodies for recent Superbowl Champions. The company sews the Hoodies from wool fabric and attaches a team logo patch. Data relating to the current team is as follows: Seahawks - blue hoodies with a Seahawk logo. The budgeted direct cost inputs for each hoodie this year are as follows: Blue Wool fabric Seahawks logo patches Direct manufacturing labour 1.25 metres 1 1.5 hours Unit data pertaining to the direct materials for June are as follows: Actual Beginning Direct Materials Inventory (June 19) Blue Wool fabric 30 metres Sealawks logo patches 40 patches Target Ending Direct Materials Inventory (June 30th) Blue Woolfabric 15 metres Seahawks logo patches 10 patches Unit cost data relating to direct-cost inputs for May and June are as follows: BIU AA EEEEE In Excel, create a solution with all of the following items. Any cells that can be linked need to be. Your solution needs to have the following items labeled in the following order and rounded to TWO (2) decimal places: a. Revenue Budget (2 marks) b. Production Budget (2 marks) C Direct material usage budget (2 marks) d. Direct material purchase budget (2 marks) e. Direct manufacturing labor budget (2 marks) I 1. Manufacturing overhead budget (both variable and fixed) (2 marks) B. Computation of Unit Costs of Finished Goods (2 marks) h. Ending inventory budget (2 marks) Cost of Goods Sold budget (2 marks) 1. Budgeted Income Statement (2 marks) Assignment) Manufacturing overhead (both variable and fixed) is allocated to each hoodie on the basis of budgeted direct manufacturing labour-hours per hoodie. The budgeted variable manufacturing rate for June is $14 per direct manufacturing labour-hour. The budgeted fixed manufacturing overhead for June is $4,185. Both variable and fixed manufacturing overhead costs are allocated to each unit of finished goods. Non-manufacturing costs for Selling, General &Administration are $1,500. Data relating to the finished goods inventory for June are as follows: Beginning Inventory 35 Beginning inventory in dollars $ 3,200 Target ending inventory in units 25 I Budgeted sales for June are 190 units of the Seahawks hoodies. The budgeted selling price per unit in is $125. Assume the following in your answer: Work in process inventory are negligible and ignored. Direct materials inventory and finished goods inventory are costed using the FIFO method. Assignment) Manufacturing overhead (both variable and fixed) is allocated to each hoodie on the basis of budgeted direct manufacturing labour-hours per hoodie. The budgeted variable manufacturing rate for June is $14 per direct manufacturing labour-hour. The budgeted fixed manufacturing overhead for June is $4,185. Both variable and fixed manufacturing overhead costs are allocated to each unit of finished goods. Non-manufacturing costs for Selling, General & Administration are $1,500. Data relating to the finished goods inventory for June are as follows: Beginning Inventory 35 Beginning inventory in dollars $ 3,200 Target ending inventory in units 25 I Budgeted sales for June are 190 units of the Seahawks hoodies. The budgeted selling price per unit in is $125. Assume the following in your answer: Work in process inventory are negligible and ignored. Direct materials inventory and finished goods inventory are costed using the FIFO method. Seahawks logo patches 10 patches Unit cost data relating to direct-cost inputs for May and June are as follows: Blue Wool fabric (per metre) Seahawks logo patches (per patch) Direct manufacturing labour cost per hour $ $ $ May (Actual) 6.00 4.00 24.00 June (Budgeted) $ 8 $ 4 $ 25 A School of Business 2021, Southern Alberta Institute of Technology I Assignment) Manufacturing overhead (both variable and fixed) is allocated to each hoodie on the basis of budgeted direct manufacturing labour-hours per hoodie. The budgeted variable manufacturing rate for June is $14 per direct manufacturing labour-hour. The budgeted fixed manufacturing overhead for June is $4,185. Both variable and fixed manufacturing overhead costs are allocated to each unit of finished goods. Non-manufacturing costs for Selling, General & Administration are $1,500. Data relating to the finished goods inventory for June are as follows: Beginning Inventory 35 Beginning inventory in dollars $ 3,200 Target ending inventory in units 25 I Budgeted sales for June are 190 units of the Seahawks hoodies. The budgeted selling price per unit in is $125. Assume the following in your answer: Work in process inventory are negligible and ignored. Direct materials inventory and finished goods inventory are costed using the FIFO method. BIA Question Wear It Manufacturer creates hoodies for recent Superbowl Champions. The company sews the Hoodies from wool fabric and attaches a team logo patch. Data relating to the current team is as follows: Seahawks - blue hoodies with a Seahawk logo. The budgeted direct cost inputs for each hoodie this year are as follows: Blue Wool fabric Seahawks logo patches Direct manufacturing labour 1.25 metres 1 1.5 hours Unit data pertaining to the direct materials for June are as follows: Actual Beginning Direct Materials Inventory (June 19) Blue Wool fabric 30 metres Sealawks logo patches 40 patches Target Ending Direct Materials Inventory (June 30th) Blue Woolfabric 15 metres Seahawks logo patches 10 patches Unit cost data relating to direct-cost inputs for May and June are as follows