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chapter 20 3 part question # 17 17 Exercise 20-16 Manufacturing: Direct materials, direct labor, and overhead budgets LO P1 ts Ornamental Sculptures Mfg. manufactures
chapter 20 3 part question # 17
17 Exercise 20-16 Manufacturing: Direct materials, direct labor, and overhead budgets LO P1 ts Ornamental Sculptures Mfg. manufactures garden sculptures. Each sculpture requires 9 pounds of direct materials at a cost of $2 per pound and 0.4 direct labor hours at a rate of $14 per hour. Variable manufacturing overhead is charged at a rate of $4 per direct labor hour. Fixed manufacturing overhead is $4,900 per month. The company's policy is to maintain direct materials inventory equal to 30% of the next month's materials requirement. At the end of February the company had 5,080 pounds of direct materials in inventory. The company's production budget reports the following. eBook Hint Production Budget Units to be produced March 4,200 April 4,600 May 5,700 Print erences (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. ORNAMENTAL SCULPTURES MFG. Direct Materials Budget For the Months of March and April 7 (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 bok Prepare direct materials budgets for March and April. nt ORNAMENTAL SCULPTURES MFG. ences Direct Materials Budget For the Months of March and April March April Budgeted production (units) Materials requirements per unit (lbs.) Materials needed for production (lbs.) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Budgeted beginning inventory (lbs.) Materials to be purchased (lbs.) Direct material cost per lb. Total budgeted direct materials 17 (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. 1.28 points Required 1 Required 2 Required eBook Prepare direct labor budgets for March and April. (Round "DL hours required per unit" answers to two decimal place Hint ORNAMENTAL SCULPTURES MFG. Print References Direct Labor Budget For the Months of March and April March April Budgeted production (units) DL hours required per unit Total direct labor hours needed Direct labor rate per hour Total budgeted direct labor Ch 20: Homework 1 17. (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. 1.28 points Required 1 Required 2 Required 3 eBook Prepare factory overhead budgets for March and April. Hint ORNAMENTAL SCULPTURES MFG. Print References Factory Overhead Budget For the Months of March and April March April Total direct labor hours needed VOH rate per DL hour Budgeted variable overhead Budgeted fixed overhead Total budgeted factory overheadStep by Step Solution
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