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Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $3 per pound and 0.4 direct labor hour
Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $3 per pound and 0.4 direct labor hour at a rate of $18 per hour. Variable overhead is budgeted at a rate of $2 per direct labor hour, Budgeted fixed overhead is $3,600 per month. The company's policy is to maintain direct materials inventory equal to 30% of the next month's direct materials requirement. At the end of February the company had 7,200 pounds of direct materials in inventory. The company's production budget reports the following. Production Budget Units to produce March April May 3,000 4,300 4,500 (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and April (3) Prepare factory overhead budgets for March and April. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct materials budgets for March and April. GARDEN YETI Direct Materials Budget March April Units to produce 3,000 4,300 Materials required per unit (pounds) 8 Materials needed for production (pounds) 24,000 34,400 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct materials budgets for March and April. GARDEN YET! Direct Matertate Budget March April Units to produce 3,000 4,300 Materials required per unit (pounds) 8 Materials needed for production (pounds) 24.000 34,400 Add Desired ending materials inventory Total materials required (pounds)) 24,000 34.400 Materials to purchase (pounds) 24,000 34,400 Cost of direct materials purchases $ 0 $ D Required 2> production budget reports the following Production Budget Units to produce March April May 3,000 4,300 4,500 (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and April (3) Prepare factory overhead budgets for March and April. Complete this question by entering your answers in the tabs below. Required 11 Required 2 Required 3 SUI Brect Materials in inventory. The company's Prepare direct labor budgets for March and April. (Round "DL hours required per unit answers to two decimal places.) GARDEN YETI Direct Labor Budget Marsh April Units to produce Direct labor hours needed 0 Cost of direct labor i $ 05 production budget reports the following. Production Budget Units to produce OL Busty tar company had 200 pounds of direct materials in inventory. The company's May March April 3,000 4,300 4,500 (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and April. (3) Prepare factory overhead budgets for March and April, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare factory overhead budgets for March and April. GARDEN YETI Factory Overhead Budget March April Direct labor hours needed Budgeted variable overhead S 0 $ 0 Budgeted total factory overhead 05 0
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