Chapter 9 (70 Points) Question 1 (0 Points Cooke Company expects to sell 5 million cases of paper towels durning the current year Budgoted costs per case are $20 for direct materials, $16 for direct labor, and $4 (all variable) for manufacturing overhead. Cooke began the period with 50,000 cases of finisbed goods on hand and wants to end the peniod with 30,000 cases of finished goeds on hand Assume no beginning or ending inventory of wock-in-process I. Compute the budgeted manufacturing costs of the Cooke Comgany for the current period. Question 2, (50 Points) Boses, Inc makes 2 types of boxes; Canning (C) and Perishable (P). Helow is their expectel activity and output details for 2018. Using the following information, prepare the following master budgets for 2018 based on the expected level of activity: Sales, Prodaction, Direct Material (pounds) for Paperboard, and Direct Labor Type of Box Direct Material Required per 100 bos Paperboard o Pounds 20 pounds 30 pounds Direct Labor per 100 Sales forecast for the next year is as fplows Box Type C Box Type P Sales Volume Sales Price 500,000 boes 90 per hundred boses 500,000 boses $130 per hundred boses Following Inventory information is available Finished Goods Beginring Inventory Ending Inwertory 5.000 bases Box Type C Bax Type P 10,000 Boxes 20,000 bases15,000 bowes 5,000 pounds Paperboard Cornugating 15.000 pounds 5,000 pounds 1,000 pounds