coming five months are given below. The following data pertain to production policies and manufacturing specifications followed by Ponderosa: a. Finished goods inventory on January 1 is 900 units. The desired ending inventory for each month is 20 percent of the next month's sales. b. The data on materials used are as follows: c. The direct labor used per unit of output is one and one-half hours. The average direct labor cost per hour $20. d. Overhead each month is estimated usinq a flexible budqet formula. (Activity is measured in direct labor hours.) The unit selling price of the wiring harness assembly is $110. . In February, the company plans to purchase land for future expansion. The land costs $68,000. equired: repare a monthly operating budget for the first quarter with the following schedules: 2. Production budget 3. Direct materials purchases budget 4. Direct labor budget. Round your answers to two decimal places, if required. 5. Overhead budget. Round your answers to two decimal places, if required. 6. Selling and administrative expense budget. Round your answers to the nearest cent, if required. 7. Ending finished goods inventory budget. Round intermediate calculations to the nearest cent. Round your answers to the nearest cent, if required. \begin{tabular}{c} \hline Unit cost computation: \\ Direct materials: \\ Part K298 \\ Part c30 \\ Direct labor \\ Overhead: \\ Variable \\ Fixed \\ Total unit cost \\ Number of units \\ \hline \end{tabular} 8. Cost of goods sold budget 9. Budgeted income statement (ignore income taxes) 10. Cash budget coming five months are given below. The following data pertain to production policies and manufacturing specifications followed by Ponderosa: a. Finished goods inventory on January 1 is 900 units. The desired ending inventory for each month is 20 percent of the next month's sales. b. The data on materials used are as follows: c. The direct labor used per unit of output is one and one-half hours. The average direct labor cost per hour $20. d. Overhead each month is estimated usinq a flexible budqet formula. (Activity is measured in direct labor hours.) The unit selling price of the wiring harness assembly is $110. . In February, the company plans to purchase land for future expansion. The land costs $68,000. equired: repare a monthly operating budget for the first quarter with the following schedules: 2. Production budget 3. Direct materials purchases budget 4. Direct labor budget. Round your answers to two decimal places, if required. 5. Overhead budget. Round your answers to two decimal places, if required. 6. Selling and administrative expense budget. Round your answers to the nearest cent, if required. 7. Ending finished goods inventory budget. Round intermediate calculations to the nearest cent. Round your answers to the nearest cent, if required. \begin{tabular}{c} \hline Unit cost computation: \\ Direct materials: \\ Part K298 \\ Part c30 \\ Direct labor \\ Overhead: \\ Variable \\ Fixed \\ Total unit cost \\ Number of units \\ \hline \end{tabular} 8. Cost of goods sold budget 9. Budgeted income statement (ignore income taxes) 10. Cash budget
