Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct matenals at a cost or $2 per pound and 0.4 direct labor hour

image text in transcribed
image text in transcribed
image text in transcribed
Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct matenals at a cost or $2 per pound and 0.4 direct labor hour at a rate or $14 per hour. Variable overhead is budgeted at a rate of $2 per direct labor hour Budgeted fixed overhead is $3,200 per month. The company's pollcy is to maintain direct materials inventory equal to 30%8 of the next month's direct matenais requirement At the end of February the company had 7,440 pounds of direct materials in inventory. The company's (1) Prepare direct matenals 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. Prepare direct materials budgets for March and April. Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct matenals at a cost of $2 per pound and 0.4 direct labor hour at a rate of $14 per hour. Variable overhead is budgeted at a fate of $2 per direct labor hour. Budgeted fixed overhead is $3,200 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 7,440 pounds of direct materials in inventory. The company's production budget reports the following. (1) Prepare direct materials budgets for March and Aprit (2) Prepare direct labor budgets for March and April. (3) Prepare factory overhead budgets for March and Aprit. Complete this question by entering your answers in the tabs below. Prepare direct labor budgets for March and April. (Round "DL hours required per unit" answers to two decirnal places.) Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of ditect materials at a cost of $2 per pound and 0.4 direct labor hour at a rate of $14 per hour. Variable overhead is budgeted at a rate of $2 per direct iabor hour. Budgeted fixed overhead is \$3,200 per month. The company's policy is to maintain direct matertals inventory equal to 30% of the next month's direct materials requirement. At the end of February the company had 7.440 pounds of direct materials in inventory. The company's production budget reports the following. (1) Prepare direct matenals budgets for March and April. (2) Prepare direct labor budgets for March and April. (3) Prepare factory overhead budgets for March and Aprit. Complete this question by entering your answers in the tabs below. Prepare factory overhead budoets for March and Aprit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

9. Describe the characteristics of power.

Answered: 1 week ago