Greiner Company makes and sells high-quality glare filters for microcomputer monitors. John Craven, controller, is responsible for preparing Greiners master budget and has assembled the following data for the coming year. The direct labor rate includes wages, all employee-related benefits, and the employers share of FICA. Labor saving machinery will be fully operational by March. Also, as of March 1, the companys union contract calls for an increase in direct labor wages that is included in the direct labor rate. Greiner expects to have 6,200 glare filters in inventory on December 31 of the current year, and has a policy of carrying 30 percent of the following months projected sales in inventory. Information on the first four months of the coming year is as follows:

	January	February	March	April
Estimated unit sales	36,000	35,000	40,200	38,200
Sales price per unit	$83	$83	$78	$78
Direct labor hours per unit	2.70	2.70	2.40	2.40
Direct labor hourly rate	$18	$18	$20	$20
Direct materials cost per unit	$7	$7	$7	$7

Required: Unless otherwise indicated, round all calculated amounts to the nearest dollar or unit.

1. Prepare the following monthly budgets for Greiner Company for the first quarter of the coming year.

a. Production budget in units:

Greiner Company
Production Budget (units)
For the First Quarter of the Coming Year
	January	February	March	Total
Unit sales	fill in the blank f05c1b00dff3fb5_1	fill in the blank f05c1b00dff3fb5_2	fill in the blank f05c1b00dff3fb5_3	fill in the blank f05c1b00dff3fb5_4
Desired ending inventory	fill in the blank f05c1b00dff3fb5_5	fill in the blank f05c1b00dff3fb5_6	fill in the blank f05c1b00dff3fb5_7	fill in the blank f05c1b00dff3fb5_8
Total units required	fill in the blank f05c1b00dff3fb5_9	fill in the blank f05c1b00dff3fb5_10	fill in the blank f05c1b00dff3fb5_11	fill in the blank f05c1b00dff3fb5_12
Less: Beginning inventory	fill in the blank f05c1b00dff3fb5_13	fill in the blank f05c1b00dff3fb5_14	fill in the blank f05c1b00dff3fb5_15	fill in the blank f05c1b00dff3fb5_16
Units produced	fill in the blank f05c1b00dff3fb5_17	fill in the blank f05c1b00dff3fb5_18	fill in the blank f05c1b00dff3fb5_19	fill in the blank f05c1b00dff3fb5_20

b. Direct labor budget in hours: Round your answers to two decimal places, if required.

Greiner Company
Direct Labor Budget (hours)
For the First Quarter of the Coming Year
	January	February	March	Total
Units produced	fill in the blank 0eb079f9a008004_1	fill in the blank 0eb079f9a008004_2	fill in the blank 0eb079f9a008004_3	fill in the blank 0eb079f9a008004_4
Direct labor hours per unit	fill in the blank 0eb079f9a008004_5	fill in the blank 0eb079f9a008004_6	fill in the blank 0eb079f9a008004_7
Total labor budget (hours)	fill in the blank 0eb079f9a008004_8	fill in the blank 0eb079f9a008004_9	fill in the blank 0eb079f9a008004_10	fill in the blank 0eb079f9a008004_11

c. Direct materials cost budget:

Greiner Company
Direct Materials Cost Budget
For the First Quarter of the Coming Year
	January	February	March	Total
Units produced	fill in the blank 987c6e06002102b_1	fill in the blank 987c6e06002102b_2	fill in the blank 987c6e06002102b_3	fill in the blank 987c6e06002102b_4
Cost per unit	$fill in the blank 987c6e06002102b_5	$fill in the blank 987c6e06002102b_6	$fill in the blank 987c6e06002102b_7	$fill in the blank 987c6e06002102b_8
Total direct materials	$fill in the blank 987c6e06002102b_9	$fill in the blank 987c6e06002102b_10	$fill in the blank 987c6e06002102b_11	$fill in the blank 987c6e06002102b_12

d. Sales budget: Round unit selling price amounts to the nearest cent and use the same for subsequent requirements.

Greiner Company
Sales Budget (dollars)
For the First Quarter of the Coming Year
	January	February	March	Total
Unit sales	fill in the blank fc4895fcf041031_1	fill in the blank fc4895fcf041031_2	fill in the blank fc4895fcf041031_3	fill in the blank fc4895fcf041031_4
Unit selling price	$fill in the blank fc4895fcf041031_5	$fill in the blank fc4895fcf041031_6	$fill in the blank fc4895fcf041031_7	$fill in the blank fc4895fcf041031_8
Total sales revenue	$fill in the blank fc4895fcf041031_9	$fill in the blank fc4895fcf041031_10	$fill in the blank fc4895fcf041031_11	$fill in the blank fc4895fcf041031_12

2. Calculate the total budgeted contribution margin for Greiner Company by month and in total for the first quarter of the coming year. (CMA adapted)

Greiner Company
Budgeted Contribution Margin
For the First Quarter of the Coming Year
	January	February	March	Total
Sales revenue	$fill in the blank 40de4401a040f9d_1	$fill in the blank 40de4401a040f9d_2	$fill in the blank 40de4401a040f9d_3	$fill in the blank 40de4401a040f9d_4
Direct labor cost	fill in the blank 40de4401a040f9d_5	fill in the blank 40de4401a040f9d_6	fill in the blank 40de4401a040f9d_7	fill in the blank 40de4401a040f9d_8
Materials cost	fill in the blank 40de4401a040f9d_9	fill in the blank 40de4401a040f9d_10	fill in the blank 40de4401a040f9d_11	fill in the blank 40de4401a040f9d_12
Contribution margin	$fill in the blank 40de4401a040f9d_13	$fill in the blank 40de4401a040f9d_14	$fill in the blank 40de4401a040f9d_15	$fill in the blank 40de4401a040f9d_16