Chrome File Edit View History Bookmarks Proles Tab Window Help lmri l ll \" pa tart m m mm l 'P TakeaTest , Mia Lopez X mathxlcom AC380DLF1A2021 Cost Accounting Mia Lopez 5 E Test: Mid Term Question 2 This Test: 100 pts possible Submit Test Manufacturing overhead (both variable and xed) is allocated to each blanket on the basis of budgeted direct manufacturing labor-hours per blanket. 0 (Click the icon to view the overhead information.) Lynsay Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools. 0 (Click the icon to view additional information.) a (Click the icon to view the budgeted direct-cost.) E (Click the icon to view the nished goods inventory.) a (Click the icon to view the direct materials.) 'nformation.) a (Click the icon to view the direct-cost inputs.) Additional Blanket Information Requirement 1. Prepare the following budgets. The company sews the blankets from fabric and sews on a logo a. Prepare the revenues budget. patch purchased from the licensed logo store site. The teams are as follows: Revenues Budget - Broncos, with red blankets and the Broncos logo For the Month of March - Rams. with black blankets and the Rams logo Also, the black blankets are slightly larger than the red blankets. Unlls Selling Price Total revenues Broncos Blankets 180 $ 709 Rams Blankets 215 816 Total = b. Prepare the production budget in units. Production Budget For the Month of March Broncos Rams an on: n. mm-"4 "an, Min. 11me Remaining: 01:54:19 m Chrome File Edit View History Bookmarks Proles Tab Window Help lmri l ll \" )7" mm m m mm l 'P TakeaTest 7 Mia Lopez X mathxlcom AC380DLF1A2021 Cost Accounting Mia Lopez 5 E Test: Mid Term Question 2 This Test: 100 pts possible Submit Test Manufacturing overhead (both variable and xed) is allocated to each blanket on the basis of budgeted direct Lynsay Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high manufacturing labor-hours per blanket. schools. 0 (Click the icon to view additional information.) a (Click the icon to view the budgeted direct-cost.) a (Click the icon to view the direct materials.) Budgeted Direct-Cost Inputs a (Click the icon to view the direct-cost inputs.) The budgeted direct-cost inputs for each product in 2017 are as follows: Requirement 1. Prepare the following budgets. Broncos Blanket Rams Blanket a. Prepare the revenues budget. Red wool fabric 9 yards 0 yards Revenues Budget Black wool fabric For the Month of March Broncos logo patches Unlls Selling Price Total revenues Rams logo patches Broncos Blankets 180 $ 709 Direct manufacturing labor Rams Blankets 215 816 Total b. Prepare the production budget in units. Production Budget For the Month of March Broncos Rams an on: n. mm-"4 "an, Min. 11me Remaining: 01:54:13 Chrome File Edit View History Bookmarks Proles Tab Window Help v 1" Take a Test , Mia Lopez X (mm m mp. ., inrriiii mathxlcom AC380DLF1A2021 Cost Accounting Mia Lopez 5 E Test: Mid Term Question 2 This Test: 100 pts possible Submit Test Lynsay Specialties manufactures, among other things, woolen blanke x schools. 0 (Click the icon to view additional information.) Direct Materials a (CHCK the icon to view the budgeted direct-cost.) Unit data pertaining to the direct materials for March 2017 are as follows: a (Click the icon to view the direct materials.) . . . . Actual Beginning Direct Materials Inventory (3/1/2017) a (Click the icon to view the direct-cost inputs.) Broncos Blanket Rams Blanket Red wool fabric 60 yards 0 yards Requirement 1. Prepare the following budgets. Black wool fabric 0 40 a. Prepare the revenues budget. Broncos logo patches 70 0 Revenues Budget Rams logo patches 0 85 F" "'9 M""' ' Mm\" Target Ending Dlrect Materials Inventory (3/31/2017) Units Selling Price Total revenues Broncos Blanket Rams Blanket Broncos Blankets 180 $ 709 Red wool fabric 50 yards 0 yards Rams Blankets 215 816 Black wool fabric 0 50 Total = Broncos logo patches 50 0 Rams logo patches 50 b. Prepare the production budget in units. Production Budget For the Month of March Broncos on n. mm-"t .mita Min. (9 Time Remaining: 01:53:22 m Chrome File Edit View History Bookmarks Proles Tab Window Help u i mri l l l \" )7" mm m m mm l 'P TakeaTest , Mia Lopez X mathxlcom AC380DLF1A2021 Cost Accounting Mia Lopez 5 E Test: Mid Term Question 2 This Test: 100 pts possible Submit Test Lynsay Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high Manufacturing overhead (both variable and xed) is allocated to each blanket on the basis of budgeted direct schools. manufacturing labor-hours per blanket. 0 (Click the icon to view additional information.) I 0 (Click the icon to view the overhead information.) a (Click the icon to view the budgeted direct-cost.) a (Click the Icon to View the direct materials.) Direct-Cost Inputs a (Click the icon to view the direct-cost inputs.) Unit cost data for direct-cost inputs pertaining to February 2017 and March 2017 are as follows: Requirement 1. Prepare the following budgets. February 2017 (actual) March 2017 (budgeted) a. Prepare the revenues budget. Red wool fabric (per yard) 5 14 $ 15 Revenues Budget Black wool fabric (per yard) 22 21 For the Month of March Broncos logo patches (per patch) 12 12 UnlLs Selling Price Total reve Rams logo patches (per patch) 11 13 Broncos Blankets 180 $ 709 Manufacturing labor cost per hour 31 32 Rams Blankets 215 816 Total b. Prepare the production budget in units. Production Budget For the Month of March Broncos Rams an on: n. mm-"i unite Min. (9 Time Remaining: 01:53:00 m Chrome File Edit View History Bookmarks Proles Tab Window Help . . mr lrw m l m ' , ' 'P Take a Test, Mia Lopez '1 Hm u m l; l l in mi l ., li'il'l'llll mathxlcom AC380DLF1A2021 Cost Accounting Mia Lopez 5 E Test: Mid Term Question 2 This Test: 100 pts possible Submit Test Manufacturing overhead (both variable and xed) is allocated to each blanket on the basis of budgeted direct manufacturing labor-hours per blanket. 0 (Click the icon to view the overhead information.) Lynsay Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools. 0 (Click the icon to view additional information.) a (Click the icon to view the budgeted direct-cost.) E (Click the icon to view the nished goods inventory.) a (Click the icon to view the direct materials.) 0 (Click the icon to view additional information) a (Click the icon to view the direct-cost inputs.) Manufacturing Overhead Information Requirement 1. Prepare the following budgets. a. Prepare the revenues budget. The budgeted variable manufacturing overhead rate for March 2017 is $21 per R B d ' direct manufacturing labor-hour. The budgeted xed manufacturing overhead for avenues u 9 March 2017 is $24,815. Both variable and xed manufacturing overhead costs are For the Month of March allocated to each unit of nished goods. Unlls Selling Price Total revenues Broncos Blankets 180 $ 709 Rams Blankets 215 816 Total b. Prepare the production budget in units. Production Budget For the Month of March Broncos Rams an on: n. mm-"4 unite Min. 11me Remaining: 01:52:36 m Chrome File Edit View History ., lmriili mathxlcom Bookmarks mi' lfi' ,'ll l m ' , ' 'P Take a Taste Mia Lopez Proles Tab Window Help AC380DLF1A2021 Cost Accounting E Test: Mid Term Question 2 This Test: 100 pts possible Mia Lopez B Submit Test Lynsay Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools. 0 (Click the icon to view additional information.) a (Click the icon to view the budgeted direct-cost.) a (Click the icon to view the direct materials.) a (Click the icon to view the direct-cost inputs.) Requirement 1. Prepare the following budgets. a. Prepare the revenues budget. Revenues Budget For the Month of March Total reven u 0 (Click the icon to view the overhead information.) E (Click the icon to view the nished goods inventory.) Finished Goods Inventory Manufacturing overhead (both variable and xed) is allocated to each blanket on the basis of budgeted direct manufacturing labor-hours per blanket. Data relating to nished goods inventory for March 2017 are as follows: Broncos Blanket Beginning inventory in units 22 Beginning inventory in dollars (cost) $ 3,960 $ Target ending inventory in units 32 Rams Blanket 27 4,293 37 Unlts Selling Price Broncos Blankets 180 $ 709 Rams Blankets 215 816 Total I). Prepare the production budget in units. Production Budget For the Month of March In. mm-"4 "an, Min. Broncos on Rams on: (D 11me Remaining: 01:52:01 m Chrome File Edit View History Bookmarks Profiles Tab Window Help O Q Thu Sep 9 10:15 PM . . Student | Student | MyPark M Application For Diploma Status X P Take a Test - Mia Lopez X P 2.6: Illustrating the Flow of Inve x . Course Hero + C mathxl.com/Student/PlayerTest.aspx?testld=232739263 AC380DLF1A2021 Cost Accounting Mia Lopez & = Test: Mid Term Question 2 This Test: 100 pts possible Submit Test Lynsay Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high Manufacturing overhead (both variable and fixed) is allocated to each blanket on the basis of budgeted direct schools. manufacturing labor-hours per blanket. i (Click the icon to view additional information.) i (Click the icon to view the overhead information.) (Click the icon to view the budgeted direct-cost.) (Click the icon to view the finished goods inventory.) (Click the icon to view the direct materials.) (Click the icon to view the direct-cost inputs.) X Sales and Other Information Requirement 1. Prepare the following budgets. Budgeted sales for March 2017 are 180 units of the Broncos blankets and 215 units of the a. Prepare the revenues budget. Rams blankets. The budgeted selling prices per unit in March 2017 are $709 for the Broncos blankets and $816 for the Rams blankets. Assume the following in your answer: Revenues Budget . Work-in-process inventories are negligible and ignored. For the Month of March . Direct materials inventory and finished goods inventory are costed using the FIFO method. Units Selling Price Total revenue Unit costs of direct materials purchased and finished goods are constant in March 2017. Broncos Blankets 180 $ 709 Rams Blankets 215 816 Print Done Total b. Prepare the production budget in units Production Budget For the Month of March Broncos Rams Dudnoted unite calAc 180 215 Time Remaining: 01:51:47 Next SEP 9 WChrome File Edit View History ., lmriili mathxlcom Bookmarks Proles Tab Window Help mr lrw ,'ll l m ' , ' 'P Take a Taste Mia Lopez '1 Hm n 'lll l; l l in ril l AC380DLF1A2021 Cost Accounting E Test: Mid Term Question 2 This Test: 100 pts possible Mia Lopez B Submit Test Lynsay Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools. 0 (Click the icon to view additional information.) a (Click the icon to view the budgeted direct-cost.) a (Click the icon to view the direct materials.) a (Click the icon to view the direct-cost inputs.) Requirement 1. Prepare the following budgets. a. Prepare the revenues budget. Revenues Budget For the Month of March Unlls Selling Price Total reve Requ irements Manufacturing overhead (both variable and xed) is allocated to each blanket on the basis of budgeted direct manufacturing labor-hours per blanket. Prepare the following budgets for March 2017: Revenues budget Production budget in units Direct material usage budget and direct material purchases budget Direct manufacturing labor costs budget Manufacturing overhead costs budget . Ending inventories budget (direct materials and nished goods) g. Cost of goods sold budget Suppose Lynsay Specialties decides to incorporate continuous improvement into its budgeting process. Describe two areas where it could incorporate continuous improvement into the budget schedules in requirement 1. Broncos Blankets 180 $ 709 Rams Blankets 215 816 Total b. Prepare the production budget in units. Production Budget For the Month of March Broncos Rams n. \"amend "an, rain. on on: (D 11me Remaining: 01:51:38 m