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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
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 $19 per hour. Variable overhead is budgeted at a rate of $3 per direct labor hour. Budgeted fixed overhead is $3,300 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 8,160 pounds of direct materials in inventory. The company's production budget reports the following. Production Budget Units to produce March 3,400 April 4,700 May 4,900 (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. Units to produce GARDEN YETI Direct Materials Budget March April 37 Production budget Units to produce march 3,400 4,700 4,000 (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 YET Direct Materials Budget March April Units to produce Materials needed for production (pounds) Total materials required (pounds) 0 0 Materials to purchase (pounds) 0 Cost of direct materials purchases $ 0 $ 0 Check m at ht nces Required 1 Required 2 Required 3 Prepare direct labor budgets for March and April. (Round "DL hours required per unit" answers to two decim GARDEN YETI Direct Labor Budget March April Units to produce Direct labor hours needed 0 0 Cost of direct labor $ 0 $ 0 < Required 1 Required 3 > Prov 3 of 6 Next Required 1 Required 2 Required 3. Prepare factory overhead budgets for March and April. Direct labor hours needed GARDEN YETI Factory Overhead Budget March April Budgeted variable overhead Budgeted total factory overhead $ 0 $ 0 $ 0 $ 0 Required 3 < Required 2
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