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Bright Light Corporation manufactures and sels two types of decorative lamps, Knox and Ayor. It expects to manufacture 24,000 Knox lamps and 15,000 Ayer lamps

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Bright Light Corporation manufactures and sels two types of decorative lamps, Knox and Ayor. It expects to manufacture 24,000 Knox lamps and 15,000 Ayer lamps in 2017. The following data are available for the year 2017 Click the icon to view the information.) Click the icon to view the December 31, 2017 production budget in units.) Calculato (a) the direct materials usage budget in quantity and dollars (abel it Schedule 3A); (b) the direct materials purchase budget in quantity and dollars (label it Schedule 3B); and (c) the direct manufacturing labor costs budget (label it Schedule 4) for the year ending December 31, 2017 Materials Metal Fabric Total Physical Units Budget To be used in production yards Add target ending inventory yards Total requirements yards Deduct beginning inventory Purchases to be made Cost Budget Metal lbs lbs yards yards Fabric Direct materials to be purchased this period Overview, question 2 of 4, 2 complete i Data Table - X Schedule 2: Production Budget (in Units) for the Year Ending December 31, 2017 Knox Ayer Budgeted units sales 25,000 2,300 15,000 1,300 Add target ending finished goods inventory Total required units Deduct beginning finished goods inventory Units of finished goods to be produced 27,300 3,300 16,300 1,300 24,000 15,000 Print Done - x Data Table Direct materials Metal Fabric $ 2 per pound (same as in 2016) $ 3 per yard (same as in 2016) $ 22 per hour Direct manufacturing labor Content of Each Product Unit Product Knox Ayer 2 pounds Metal 1 pounds 1 yard 0.1 hours Fabric Direct manufacturing labor 2 yards 0.2 hours Direct Materials Metal Fabric Beginning inventory Target ending inventory 13,000 pounds 11,000 pounds 6,000 yards 4,000 yards Print Done for the Year Ending December 31, 2017 Material Metal Fabric Total 24,000 yards 24,000 lbs 30,000 lbs. Physical Units Budget Direct materials required for Knox lamps Direct materials required for Ayer lamps Total quantity of direct materials to be used Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) 30,000 yards 54,000 yards 54,000 lbs. Metal $ 26,000 $ 18,000 Fabric To be purchased and used this period Metal 82,000 Fabric 144,000 Direct materials to be used this period 108,000 162,000 270,000 (b). Calculate the direct materials purchase budget in quantity and dollars (label it Schedule 38) for the year ending December 31, 2017 Schedule 3B: Direct Material Purchases Budget Enter any number in the edit fields and then click Check

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