Direct labor needs from the direct labor cost budget should be coordinated between the production and personnel departments so that there will be enough labor available for production. your answers to the nearest dollar. Direct Labor Data Table Hours required per unit: BasicabacusDeluxeabacus0.100.100.100.20 Labor hourly rate: GluingAssembly$11$17 Units to be produced (from Production Budget): Basic abacus Deluxe abacus Factory Overhead Cost Budget that department managers may monitor and evaluate costs during the year. For simplicity, LearnCo has not separated costs in this manner. After reviewing the following factory overhead cost budget, you note that LearnCo has completed the budget with the exception of one amount. Fill in the missing amount. Cost of Goods Sold Budget budget. Complete the preparation of the cost of goods sold budget for LearnCo, using information that follows provided by the controller, and using the previous budgets you have prepared. LearnCo Cost of Goods Sold Budget For the Year Ending December 31, 20Y2 Finished goods inventory, January 1,20Y2 Workinprocessinventory,January1,20Y2$2,010 Direct materials: Direct materials inventory, January 1,20Y2 $2,000 Direct materials purchases Cost of direct materials available for use Direct materials inventory, December 31, 20Y2 Cost of direct materials placed in production Direct labor Factory overhead Total manufacturing costs Total work in process during period Work in process inventory, December 31, 20Y2 (1,250) Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, December 31, 20Y2 (1,500) Cost of goods sold Selling/Admin. Expenses Budget merely reviewed by you for use on the budgeted income statement. LearnCo Selling and Administrative Expenses Budget For the Year Ending December 31, 20Y2 Selling expenses: SalessalariesexpenseAdvertisingexpenseTravelexpenseTotalsellingexpensesAdministrativeexpenses:OfficerssalariesexpenseOfficesalariesexpenseOfficerentexpenseOfficesuppliesexpenseMiscellaneousadministrativeexpensesTotaladministrativeexpensesTotalsellingandadministrativeexpensesl$45,00015,0005,400$85,00035,00026,0006,4001,600$65,400$219,400 Budgeted Income Statement Statement Data Table. Budgeted Income Statement Data Table Direct labor needs from the direct labor cost budget should be coordinated between the production and personnel departments so that there will be enough labor available for production. your answers to the nearest dollar. Direct Labor Data Table Hours required per unit: BasicabacusDeluxeabacus0.100.100.100.20 Labor hourly rate: GluingAssembly$11$17 Units to be produced (from Production Budget): Basic abacus Deluxe abacus Factory Overhead Cost Budget that department managers may monitor and evaluate costs during the year. For simplicity, LearnCo has not separated costs in this manner. After reviewing the following factory overhead cost budget, you note that LearnCo has completed the budget with the exception of one amount. Fill in the missing amount. Cost of Goods Sold Budget budget. Complete the preparation of the cost of goods sold budget for LearnCo, using information that follows provided by the controller, and using the previous budgets you have prepared. LearnCo Cost of Goods Sold Budget For the Year Ending December 31, 20Y2 Finished goods inventory, January 1,20Y2 Workinprocessinventory,January1,20Y2$2,010 Direct materials: Direct materials inventory, January 1,20Y2 $2,000 Direct materials purchases Cost of direct materials available for use Direct materials inventory, December 31, 20Y2 Cost of direct materials placed in production Direct labor Factory overhead Total manufacturing costs Total work in process during period Work in process inventory, December 31, 20Y2 (1,250) Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, December 31, 20Y2 (1,500) Cost of goods sold Selling/Admin. Expenses Budget merely reviewed by you for use on the budgeted income statement. LearnCo Selling and Administrative Expenses Budget For the Year Ending December 31, 20Y2 Selling expenses: SalessalariesexpenseAdvertisingexpenseTravelexpenseTotalsellingexpensesAdministrativeexpenses:OfficerssalariesexpenseOfficesalariesexpenseOfficerentexpenseOfficesuppliesexpenseMiscellaneousadministrativeexpensesTotaladministrativeexpensesTotalsellingandadministrativeexpensesl$45,00015,0005,400$85,00035,00026,0006,4001,600$65,400$219,400 Budgeted Income Statement Statement Data Table. Budgeted Income Statement Data Table