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Garden Yetl manufactures garden sculptures. Each sculpture requires 9 pounds of direct materials at a cost of $3 per pound and 0.4 direct labor hour
Garden Yetl manufactures garden sculptures. Each sculpture requires 9 pounds of direct materials at a cost of $3 per pound and 0.4 direct labor hour at a rate of $16 per hour. Varlable overhead is budgeted at a rate of $4 per direct labor hour Budgeted fixed overhead is $3.000 per month. The company's policy is to maintain direct materials Inventory equal to 30% of the next month's direct materlals requirement. At the end of February the company had 4780 pounds of direct materials in Inventory. The company's production budget reports the following Production Budget Units to produce March 3,900 April 5, 100 May 5,2ee (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 GARDEN YETI Factory Overhead Budget March April Direct labor hours needed Variable overhead rate per direct labor hour Budgeted variable overhead Budgeted fixed overhead Budgeted total factory overhead $ 0 S $ OS 0
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