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: 130 120 units units The budgeted direct-cost inputs for one blanket in 2015 are as follows: Fabric 4 yards per blanket Logo patches 1 patch per blanket Direct manufacturing labor 3 hours per blanket Unit data pertaining to the inventory for March 2015 are as follows: Actual Beginning Fabric 30 yards Logo patches 40 patches Finished goods 20 blankets Target Ending 20 yards 10 patches 10 blankets Unit cost data for direct-cost inputs pertaining to February 2015 and March 2015 are as follows: February 2015 (actual) March 2015 (budgeted) Fabric (per yard) $8 $9 Logo patches (per patch) $7 $7 Manufacturing labor cost (per hour) $15 $16 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: $15 per manufacturing labor-hour $3,600 (total) Assume the following in your answer: Work-in-process inventories are negligible and ignored; Direct materials inventory and finished goods inventory are costed using the FIFO method. Questions: a) Budgeted fabric usage for March 2015 = $ (use integer only: 3000 not 3,000) b) Budgeted logo patches usage for March 2015 = $ (use integer only: 3000 not 3,000) c) Budgeted direct manufacturing labor costs for March 2015 = $ (use integer only: 3000 not 3,000) d) Budgeted variable overhead for March 2015 = $ (use integer only: 3000 not 3,000) e) Ending inventory for Fabric = $ for March 2015 (use integer only: 3000 not 3,000) f) Ending inventory for finished goods = $ for March 2015 (use integer only: 3000 not 3,000) 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: 130 120 units units The budgeted direct-cost inputs for one blanket in 2015 are as follows: Fabric 4 yards per blanket Logo patches 1 patch per blanket Direct manufacturing labor 3 hours per blanket Unit data pertaining to the inventory for March 2015 are as follows: Actual Beginning Fabric 30 yards Logo patches 40 patches Finished goods 20 blankets Target Ending 20 yards 10 patches 10 blankets Unit cost data for direct-cost inputs pertaining to February 2015 and March 2015 are as follows: February 2015 (actual) March 2015 (budgeted) Fabric (per yard) $8 $9 Logo patches (per patch) $7 $7 Manufacturing labor cost (per hour) $15 $16 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: $15 per manufacturing labor-hour $3,600 (total) Assume the following in your answer: Work-in-process inventories are negligible and ignored; Direct materials inventory and finished goods inventory are costed using the FIFO method. Questions: a) Budgeted fabric usage for March 2015 = $ (use integer only: 3000 not 3,000) b) Budgeted logo patches usage for March 2015 = $ (use integer only: 3000 not 3,000) c) Budgeted direct manufacturing labor costs for March 2015 = $ (use integer only: 3000 not 3,000) d) Budgeted variable overhead for March 2015 = $ (use integer only: 3000 not 3,000) e) Ending inventory for Fabric = $ for March 2015 (use integer only: 3000 not 3,000) f) Ending inventory for finished goods = $ for March 2015 (use integer only: 3000 not 3,000)
