Chapter 9 - Homework i Swed 12 Part 4 of 7 Required information Problem 9-42 Preparation of Master Budget (LO 9-3, 9-4, 9-5) {The following information applies to the questions displayed below. Fresh Pak Corporation manufactures two types of cardboard boxes used in shipping canned food, fruit and vegetables The canned food box (type C) and the perishable food box (type P) have the following material and labor requirements 1 points (2 01:56:06 Type of Box C P Direct material required per 108 boxes: Paperboard ($0.20 per pound) Corrugating medium ($0.10 per pound) ) Direct labor required per 1 hoxes ($12.88 per hour) 30 pounds 20 pounds 6.94 hour 78 pounds 38 pounds 6.5 hour eBook Chapter 9 - Homework & - Saved 12 Indirect naterial Indirect labor utilities Property taxes Insurance Depreciation Total $ 19,50 $ 58,eee 25, we 18, eee 16, de 29, eee $148,500 Part 4 of 7 1 points The lollowing selling and administrative expenses are unlicipaled for the nexl year. 8 01:06:05 Salaries and fringe benefits of sales personnel Advertising Management sainries and fringe hrnei'its Clerical wages and fringe benefits Miscellaneous administrative expenses $75,02 15,889 99, ? 26,880 4.92 Chapter 9 - Homework A Swed 12 Box type C Hax Tyne Sales volume 500,00 boxes , , baxon Sales Price 5 90.00 per hundred boxes 138.2 per hundred haxes Part 4 The following inventory information is available for the next year. The unit production costs for each product are expected to be the same this year and next year. Expected Inventory January 1 Desired Ending Inventory December 31 1 points 18, ede boxes 20, 200 boxes Finished goods: Box type C Box type P Raw material: Paperboard Carrugating medium 5, eee boxes 15,900 boxes 8 01:56:05 15. see pounds 5, de rounds 5.eee pounds 1, pounds eBook Prepare a master budget for Fresh Pak Corporation for the next year. Assume an income tax rate of 40 percent Print Problem 9-42 Part 4 References 4. Prepare the direct-labor budget for the next year. (Do not round intermediate calculations. Round "Direct labor required per box (hours)" to 4 decimal places and Direct labor required for production (hours)" to 1 decimal place.) Boxc Box P Total Proxtuclion requirements amber of boxes Direct labor required per box (hours) Direci labu requitex for reduction (hours) Direct-labor rate Tatis direx:I-laibors