Fill In the Following tables:

6-40 Comprehensive problem with ABC costing. Animal Gear Company makes two pet carriers, the Cat-allac and the Dog-eriffic. They are both made of plastic with metal doors, but the Cat-allac is smaller. Information for the two products for the month of April is given in the following tables: Input Prices Direct materials Plastic $5 per pound Metal $ 4 per pound Direct manufacturing labor $10 per direct manufacturing labor-hour Input Quantities per Unit of Output Cat-allac Dog-eriffic Direct materials Plastic Metal Direct manufacturing labor-hours Machine-hours (MH) 4 pounds 0.5 pounds 3 hours 11 MH 6 pounds 1 pound 5 hours 19 MH Inventory Information, Direct Materials Beginning inventory Target ending inventory Cost of beginning inventory Plastic 290 pounds 410 pounds $1,102 Metal 70 pounds 65 pounds 5217 Animal Gear accounts for direct materials using a FIFO cost-flow assumption. Sales and Inventory Information, Finished Goods Cat-allac Dog-eriffic Expected sales in units 530 225 Selling price $ 205 S 310 Target ending inventory in units 30 10 Beginning inventory in units 10 19 Beginning inventory in dollars $1,000 S4,650 Animal Gear uses a FIFO cost-flow assumption for finished-goods inventory. Animal Gear uses an activity-based costing system and classifies overhead into three activity pools: Setup, Processing and Inspection. Activity rates for these activities are $105 per setup-hour, $10 per -machine-hour, and $15 per inspection-hour, respectively. Other information follows: Cost-Driver Information Cat-allac Dog-eriffic Number of units per batch 25 Setup time per batch 1.50 hours 1.75 hours Inspection time per batch 0.5 hour 0.7 hour If necessary, round up to calculate number of batches. Nonmanufacturing fixed costs for March equal $32,000, half of which are salaries. Salaries are expected to increase 5% in April. Other nonmanufacturing fixed costs will remain the same. The only variable nonmanufacturing cost is sales commission, equal to 1% of sales revenue. Prepare the following for April: Required: 1. Revenues budget 2. Production budget in units 3. Direct material usage budget and direct material purchases budget 4. Direct manufacturing labor cost budget 5. Manufacturing overhead cost budgets for each of the three activities 6. Budgeted unit cost of ending finished-goods inventory and ending inventories budget 7 Cost of goods sold budget 8. Nonmanufacturing costs budget 9. Budgeted income statement (ignore income taxes) 10. How does preparing the budget help Animal Gear's management team better manage the company? 1. Revenue Budget For the Month of April Units Selling Price Total Revenues Cat-allac Dog-eriffic Total $178,400 2 Production Budget For the Month of April Product Cat-allac Dog-eriffic Budgeted unit sales Add target ending finished goods inventory Total required units Deduct beginning finished goods inventory Units of finished goods to be produced 216 3. Total Direct Material Usage Budget in Quantity and Dollars For the Month of April Material Plastic Metal Physical Units Budget Direct materials required for Cat-allac Dog-eriffic Total quantity of direct material to be used Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Plastic: Metal: To be purchased this period Plastic: Metal: Direct materials to be used this period $19,033 Total Direct Material Purchases Budget For the Month of April Material Plastic Metal Physical Units Budget To be used in production (requirement 3) Add target ending inventory Total requirements Deduct beginning inventory Purchases to be made Cost Budget Plastic: Metal: Purchases $20,024 4. Direct Manufacturing Labor Costs Budget For the Month of April Output Units Produced DMLH Total Hourly Wage (requirement 2) Hours Rate per Unit Total Cat-allac Dog-eriffic Total $27,300 5. Machine Setup Overhead Cat-allac Dog-eriffic Total Units to be produced Units per batch Number of batches (rounded up) Setup time per batch Total setup time 75 hrs. Budgeted machine setup costs = Processing Overhead Budgeted machine-hours (MH) = = Budgeted processing costs = Inspection Overhead Budgeted inspection-hours = Budgeted inspection costs = 4 Manufacturing Overhead Budget For the Month of April Machine setup costs Processing costs Inspection costs Total costs