Chapter 7 Problem Set Back Printem Lens Junction Sells lenses for $43 each and is estimating sales of 16,000 units in January and 17,000 in February. Each lens consists of 2 pounds of silicon costing $2.50 per pound, 3 oz of solution costing 53 per ounce, and 30 minutes of direct laborat a labor rate of $16 per hour Desired inventory levels are: Jan. 31 Feb. 28 Mar. 31 Beginning inventory Finished goods 4,300 4,900 5,200 Direct materials: silicon 8,300 6.900 9,300 Direct materials: solution 11,400 12,100 12,800 Prepare a sales budget. Lens Junction Sales Budget For the Two Months Ending February 28, 20XX January February Expected Sales (Units) Sales Price per Unit Total Sales Revenue Total Feedback Prepare a production budget. Lens Junction Production Budget For the Two Months Ending February 28, 20xx January February Expected Sales Add: Desired Ending Inventory Total Required Units Less: Beginning Inventory Required Production Total Feedback Prepare direct material budget for silicon Lena Junction Direct Materials Budget for Silicon For the Two Months Ending February 28, 20XX January February Units to be produced Direct Material per Unit Total Ounces Needed for Production Add: Desired Ending Inventory Total Material Required Less: Beginning Inventory Ounces of Direct Material Purchase Requirements Cost per Ounce Total Cost of Direct Material Purchase Total Direct Materials Silicon for Two Martha Ending February 28, 20xx F Prepare direct materials budget for solution Lens Junction Direct Materials Budget for Solution For the Two Months Ending February 28, 20XX January February Units to be produced Direct Material per Unit Total Ounces Needed for Production Add: Desired Ending Inventory Total Material Required Less: Beginning Inventory Chack My Work Previous Next Assignment Bore: 41.62% All work saved Email Instructor Save and Exit Submk Assignment for Grading Chapter 7 Problem Set eBook Print Item Prepare direct materials budget for silicon. Lens Junction Direct Materials Budget for Silicon For the Two Months Ending February 28, 20xx January February Units to be Produced Direct Material per Unit Total Ounces Needed for Production Add: Desired Ending Inventory Total Material Required Less: Beginning Inventory Ounces of Direct Material Purchase Requirements Cost per Ounce Total Cost of Direct Material Purchase Total Direct Materials Silicon for Two Months Ending February 28, 20XX Feedback Prepare direct materials budget for solution. Lens Junction Direct Materials Budget Solution For the Two Months Ending February 28, 20xx January Units to be produced Direct Material per Unit Total Ounces Needed for Production Add: Desired Ending Inventory Total Material Required 1000000000 Less: Beginning Inventory Ounces of Direct Material Purchase Requirements Cost per Ounce Total Cost of Direct Material Purchase Total Direct Materials Solution for Two Months Ending February 28, 20XX Feedback Prepare a direct labor budget. Lens Junction Direct Labor Budget For the Two Months Ending February 28, 20XX January February Check My Work Previous Next Feedback Prepare a direct labor budget. Lens Junction Direct Labor Budget For the Two Months Ending February 28, 20xx January February Units to be Produced Direct Labor Hours per Unit Total Required Direct Labor Hours I! Labor Cost per Hour Total Direct Labor Cost Total Direct Labor Budget For Two Months Ending February 28, 20XX Feedback Feedback Check My Work Previous Next