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Can I please have help, If you can include the formulas for them that would help me so much (2) Prepare direct labor budgets for
Can I please have help, If you can include the formulas for them that would help me so much
(2) Prepare direct labor budgets for September and October. \begin{tabular}{l} MCO Leather \\ Onirect Labor Budget \\ Units to produce \\ Budgeted direct labor cost \\ \hline \end{tabular} Required: (1) Prepare direct materials budgets for September and October. MCO Leather Direct Materials Budget Units to produce Budgeted units sales for month Materials needed for production (pounds) 'Add: Desired ending materials inventory Total materials required (pounds) Materials to purchase (pounds) Budgeted direct materials purchases (3) Prepare factory overhead budgets for September and October. MCO Leather Factory Overhead Budget Direct labor hours needed Budgeted variable overhead MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $4 per pound and 0.8 direct labor hours at a rate of $16 per hour. Variable overhead is budgeted at a rate of $2 per direct labor hour. Budgeted fixed overhead is $10,000 per month. The company's policy is to end each month with direct materials inventory equal to 40% of the next month's direct materials requirement. At the end of August the company had 3,680 pounds of direct materials in inventory. The company's production budget reports the following. (Click on the Direct Materials Budget, Direct Labor Budget and Factory Overhead Budget Tabs below.)Step by Step Solution
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