Chegg Accounting Question $2$

Homework

Question $2,$ EM$7-24($similar to$)$

Part $1$ of $3$

HW $$core: $54\mathrm{.}54\%,21\mathrm{.}82$ of $40$ points

Points: $4\mathrm{.}82$ of $5$

Kelvin, Inc. manufactures model airplane kits and projects production at $500,330,300,$ and $550$ kits for the next four quarters

$($Click the icon to view the manufacturing information.$)$

Prepare Kolvin's direct materials budget, direct labor budget, and manufacturing overhead budget for the year. Round the direct labor hours needed for production, budgeted overhead costs, and predetermined owerhead allocation rate to two decimal places. Round other amounts fo the nearest whole number.

Begin bu monarina Kelvin's ditect materials budaet.

Homework

Question $2,$ EM$7-24($similar to$)$

Part $1$ of $3$

'score: $54\mathrm{.}54\%,21\mathrm{.}82$ of $40$ points

Points: $4\mathrm{.}82$ of $5$

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Kelvin, Inc. manufactures model airplane kits and projects production at $500,330,300,$ and $550$ kits for the next four quarters

$($i$)($Click the icon to view the manufacturing information.$)$

Prepare Kelvin's direct materials budget, direct labor budget, and manufacturing overhead budget for the year. Round the direct labor hours needed for production, budgeted overhead costs, and predetermined overhead allocation rate to two decimal places. Round other amounts to the noarest whole number

Begin by preparing Kelvin's direct materials budget.

Kelvin, Inc.

For the Year Ended December $31$

Direct materials $($ounces$)$ per kit

Direct materials needed for production

Phus:

Lotal direct materials needed

Budgeted purchases of direct materials

Direct materials cost per ounce

Budgeted cost of direct materials purchases