Construct a factory overhead cost variance report for the trim repartment of Jury, Problems P13-1 Sales, production, direct materials purchases, and direct labor cost The budget director of Royal British Furniture Company requests estimates of sales, produce tion, and other operating data from the various administrative units every month. Selected information concerning sales and production for March is summarized as follows: a. Estimated sales of William and Kate chairs for March by sales territory: hases 04330 Eastern Domestic William 7.500 units at $800 per unit Kate 6,000 units at $650 per unit Western Domestic William 6,000 units at 5700 per unit Kate 5,000 units at $550 per unit International: William 2,500 units at $600 per unit Kate 1,000 units at $350 per unit b. Estimated inventories at March 1: Direct materials Fabric Wood Filler Springs Finished products: William 1,500 units 300 units Kate 5,500 sq yds. 13,700 lineal ft. 3,800 cu.ft. 3,500 units Chapter 13 Budgeting and Standard Cost Syster c. Desired inventories at March 31: Direct materials: Finished products: Fabric 9,000 sq yds. William 2,000 units Wood 20,000 lineal ft. Kate 900 units Filler 5,000 cu.ft. Springs 7,500 units d. Direct materials used in production: In manufacture of William: Fabric 4.0 sq.yds. per unit of product Wood 16 lineal ft. per unit of product Filler 3.8 cu.ft. per unit of product Springs 14 units per unit of product In manufacture of Kate: Fabric 2.5 sq. yds. per unit of product Wood 12 lineal ft. per unit of product Filler 3.2 cu.ft.per unit of product Springs 10 units per unit of product e. Anticipated purchase price for direct materials: Fabric 59.00 per sq.yd. Filler $1.50 per cu.ft. Wood 5.00 per lineal ft. Springs 2.00 per unit f. Direct labor requirements: William: Framing Department 2.5 hrs. at $15 per hr. Cutting Department 1.0 hr. at $12 per hr. Upholstery Department 3.0 hrs. at $16 per hr. Kate: Framing Department 1.5 hrs. at $15 per hr. Cutting Department 0.5 hr. at $12 per hr Upholstery Department 2.0 hrs. at $16 per hr. Instructions 1. Prepare a sales budget for March 2. Prepare a production budget for March. 3. Prepare a direct materials purchases budget for March. 1. Prepare a direct labor cost budget for March. Chapter 13 Budgeting and Standard Cost Sys c. Desired inventories at March 31: Direct materials: Finished products: Fabric 9,000 sq yds. William 2,000 units Wood 20,000 lineal ft. Kate 900 units Filler 5,000 cu.ft. Springs 7,500 units d. Direct materials used in production: In manufacture of William: Fabric 4.0 sq yds. per unit of product Wood 16 lineal ft. per unit of product Filler 3.8 cu.ft. per unit of product Springs 14 units per unit of product In manufacture of Kate: Fabric 2.5 sq. yds. per unit of product Wood 12 lineal ft. per unit of product Filler 3.2 cu.ft. per unit of product Springs 10 units per unit of product e. Anticipated purchase price for direct materials: Filler Springs $1.50 per cu.ft. 2.00 per unit Fabric $9.00 per sq.yd. Wood 5.00 per lineal ft. L. Direct labor requirements: Williams Framing Department Cutting Department Upholstery Department Kate: Framing Department Cutting Department Upholstery Department 25 hrs. at $15 per hr. 1.0 h. at 512 per hr. 3.0 hrs. at $16 per hr. 1.5 hrs. at $15 per hr. 05 h. at 512 per hr 20 hrs. at $16 per hr. Instructions 1. Prepare a sales budget for March 2. Prepare a production budget for March 3. Prepare a direct materials purchases budget for March 4. Prepare a direct labor cost budget for March
