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Carlton, Inc. manufactures model airplane kits and projects production at 600,420,250, and 550 kits for the next four quarters. (Click the icon to view the
Carlton, Inc. manufactures model airplane kits and projects production at 600,420,250, and 550 kits for the next four quarters. (Click the icon to view the manufacturing information.) amounts to the nearest whole number. Begin by preparing Carlton's direct materials budget. More info Direct materials are five ounces of plastic per kit and the plastic costs $5 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 870 ounces, and the company desires to end each quarter with 20% of the materials needed for the next quarter's production. Carlton desires a balance of 280 ounces in Raw Materials Inventory at the end of the fourth quarter. Each kit requires 0.25 hours of direct labor at an average cost of $45 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.90 per kit, and fixed overhead is $160 per quarter. Carlton, Inc. manufactures model airplane kits and projects production at 600,420,250, and 550 kits for the next four quarters. Prepare the direct labor budget. (Enter any hours as a decimal to two places, X.XX, and round all other amounts to the nearest whole number.) More info Direct materials are five ounces of plastic per kit and the plastic costs $5 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 870 ounces, and the company desires to end each quarter with 20% of the materials needed for the next quarter's production. Carlton desires a balance of 280 ounces in Raw Materials Inventory at the end of the fourth quarter. Each kit requires 0.25 hours of direct labor at an average cost of $45 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is Prepare the manufacturing overhead budget. (Enter all costs and hours as a decimal to two places, X.XX. Abbreviations used: VOH = variable manufactur $0.90 per kit, and fixed overhead is $160 per quarter
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