Data Table Xu Manufacturing Company manufactures blue rugs, using wool and dye as direct materials. One rug is budgeted to use 40 skeins of wool at a cost of S3 per kein and 0 7 gallons of dye at a cost of $7 per gallan. Al other materials are indiract At tha beginning of the yaar Xu has an inventary af 460 000 skains of waol al a cost of $1,012.000 and 4,100 galons of dye at a cost of 524,395. Target ending invenitory of wool and dye is zero. Xu uses the FIFO inventory cost low method at a hud The following table presents the budgeled overhead costs for the dyeing and weaving cost pools. on 2,520,000 (based on 14,700,000 DMLH Requirement 1. Prapare a direct matarial usage budget in hoth units and dolars Variable costs Begin the physical units portion, then prepare the cost budget portion of the drect material usage budget Indirect materials 15,450,000 5,550,000 4,960,000 Direct Material Usage Budget in Quantity and Dollars 6,570,000 7.560,000 Dye Total Fixxed costs Physical Units Budget Direct materials required for 1,755,000 275,000 5,820,000 33,010,000 Indirect abor 355,000 2168,000 735.000 gal Other 7.308,000 S Cost Budget Avalahla from boginning dirnct materials imventory Total budgoted costs (under a 1FO onstfow assumption) Print Done Wool Dye More Info To be purchased this perlod Wool Dye Direct materlals to be used this perod Requirement 2. Calculate the hudgcted averhead alocation rates for weaving and dycing Begin by determining the tomule, then calculate the budgeted overhead allocation rate for weaving. (Round your answer to the nearest cent) Xu blue rugs are very popular and demand is high, but because of capacity constraints the firn wil produce onhy 210,000 blue rugs per year. The budgeted selling price is $2,100 each. There are no rugs in beginning inventory. Target ending immentory of rugs i abo zero Xu makes rugs by hand, but uses a machine to dye the wool. Thus, overhead costs are accumulated in tevo cost pooone for wnaving and the other for dyeing Waaving overhead is alocated to products based on drect manufacturing labor-hours (DMLH) Dyeing overhead is allocated to products based on machine hours (MH) Budgeted manufacturing ovarhead rate - Print Done Choose from any list or enter any number in the input fields and then continue to the next