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Company X manufactures a popular blanket. The company sews the blankets from fabric and sews on a logo patch purchased from the licensed logo


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Company X manufactures a popular blanket. The company sews the blankets from fabric and sews on a logo patch purchased from the licensed logo store site. Budgeted sales of March 2015: Budgeted production for March 2015: 110 120 189 units units The budgeted direct-cost inputs for one blanket in 2015 are as follows: Fabric 3 yards per blanket Logo patches 1 patch per blanket Direct manufacturing labor 2 hours per blanket Unit data pertaining to the inventory for March 2015 are as follows: Actual Beginning Target Ending Fabric 30 yards 20 yards Logo patches Finished goods 40 patches 10 patches 10 blankets 20 blankets Unit cost data for direct-cost inputs pertaining to February 2015 and March 2015 are as follows: February 2015 (actual) Fabric (per yard) $8 Logo patches (per patch) $6 Manufacturing labor cost (per hour) $25 March 2015 (budgeted) $7 $6 $26 Manufacturing overhead (both variable and fixed) is allocated on the basis of budgeted direct manufacturing labor-hours per blanket. Both variable and fixed manufacturing overhead costs are allocated to each unit of finished goods. Budgeted variable MOH rate for March 2015: Budgeted fixed MOH for March 2015: Assume the following in your answer: Work-in-process inventories are negligible and ignored; Questions: $12 per manufacturing labor-hour $3,600 (total) Direct materials inventory and finished goods inventory are costed using the FIFO method. a) Budgeted fabric usage for March 2015 = $ b) Budgeted logo patches usage for March 2015 = $ c) Budgeted direct manufacturing labor costs for March 2015 = $ d) Budgeted variable overhead for March 2015 = $ e) Ending inventory for Fabric = $ f) Ending inventory for finished goods = $ (use integer only: 3000 not 3,000) (use integer only: 3000 not 3,000) I (use integer only: 3000 not 3,000) (use integer only: 3000 not 3,000) for March 2015 (use integer only: 3000 not 3,000) for March 2015 (use integer only: 3000 not 3,000)

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