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Firelight Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year 2 0 2 0
Firelight Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year Click the icon to view the information. Calculate a the budgeted unit costs of ending finishedgoods inventory on December label it Schedule A and b the ending inventories budget on December label it Schedule B a Calculate the budgeted unit costs of ending finishedgoods inventory on December label it Schedule ARound all dollar amounts to the nearest cent. Enter all input per unit of output amounts for direct manufacturing labor to two decimal places, and machine setup overhead to three decimal places. Schedule A: Unit Costs of Ending Finished GoodsInventory December tabletableCost perunit of inputProductKnox,AyertableInput per unit ofoutputTotal,tableInput per unit ofoutputTotalMetallbsIbs.Fabricyard,yardsDirect manufacturing labor,,hours,hoursMachine setup overhead,,hours,hoursTotal b Calculate the ending inventories budget on December label it Schedule BEnter cost per unit amounts to the nearest cent. Schedule B: Ending Inventories Budget December Direct materials Direct materials Metal Direct materials Fabric Total direct materials Finished goods Finished goods Knox Total finished goods Total ending inventory Data table tableProductKnox,AyerTarget ending inventory in units,units,Metal$ per pound same as in Fabric$ per yard same as in Direct manufacturing labor $ per hourMachine setup overhead, per hourContent of Each Product UnitKnoxAyerMetal pounds, poundsFabric yard, yardsDirect manufacturing labor,, hours, hoursMachine setup overhead, table hours hoursDirect MaterialsMetalFabricTarget ending inventory,, pounds, yards
Firelight Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year Click the icon to view the information.
Calculate a the budgeted unit costs of ending finishedgoods inventory on December label it Schedule A and b the ending inventories budget on December label it Schedule B
a Calculate the budgeted unit costs of ending finishedgoods inventory on December label it Schedule ARound all dollar amounts to the nearest cent. Enter all input per unit of output amounts for direct manufacturing labor to two decimal places, and machine setup overhead to three decimal places.
Schedule A: Unit Costs of Ending Finished GoodsInventory
December
tabletableCost perunit of inputProductKnox,AyertableInput per unit ofoutputTotal,tableInput per unit ofoutputTotalMetallbsIbs.Fabricyard,yardsDirect manufacturing labor,,hours,hoursMachine setup overhead,,hours,hoursTotal
b Calculate the ending inventories budget on December label it Schedule BEnter cost per unit amounts to the nearest cent.
Schedule B: Ending Inventories Budget December
Direct materials
Direct materials Metal
Direct materials Fabric
Total direct materials
Finished goods
Finished goods Knox
Total finished goods
Total ending inventory
Data table
tableProductKnox,AyerTarget ending inventory in units,units,Metal$ per pound same as in Fabric$ per yard same as in Direct manufacturing labor $ per hourMachine setup overhead, per hourContent of Each Product UnitKnoxAyerMetal pounds, poundsFabric yard, yardsDirect manufacturing labor,, hours, hoursMachine setup overhead,
table hours hoursDirect MaterialsMetalFabricTarget ending inventory,, pounds, yards
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