Hale Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools. (Click the icon to view additional information.) E: (Click the icon to view the budgeted direct-cost) E: (Click the icon to view the direct materials.) (Click the icon to view the direct cost inputs ) Requirement 1. Prepare the following budgets. a. Prepare the revenues budget. Revenues Budget For the Month of March Units Selling Price 140 $ 195 378 Broncos Blankets 305 Total revenues 42,700 73,710 Rams Blankets Total 116,410 b. Prepare the production budget in units. Production Budget For the Month of March Choose from any list or enter any number in the input fields and then continue to the Save for Later o e Mo DOLL Hale Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools (Click the icon to view additional information) (Click the icon to view the budgeted direct cost) (Click the icon to view the direct materials.) (Click the icon to view the direct-cost inputs.) Manufacturing overhead (both variable and fixed) is allocated to each blanket on the basis of budgeted direct manufacturing labor hours per blanket (Click the icon to view the overhead information ) (Click the icon to view the finished goods inventory) (Click the icon to view additional information) Read the requirements Requirement 1. Prepare the following budgets a. Prepare the revenues budget Revenues Budget For the Month of March Units Selling Price 140 $ 305 195 378 Total revenues 42700 73 710 Broncos Blankets Rams Blankets 116.410 Total b. Prepare the production budget in units Production Budget For the Month of March Choose from any list or enter any number in the input fields and then continue to the next question Save for Later o E: e = 0 DELL #s, among other things, woolen blankets for the al high schools ditional information.) me budgeted direct cost.) me direct the direct Budgeted Direct-Cost Inputs Manufacturing overhead (both variable and fixed the basis of budgeted direct manufacturing labor- (Click the icon to view the overhead informati FE: (Click the icon to view the finished goods inve X lon ) he followin udget Eevenues the Month mits Sell 140 $ 195 The budgeted direct-cost inputs for each product in 2017 are as follows: Broncos Blanket Rams Blanket Red wool fabric 5 yards Oyards Black wool fabric Broncos logo patches Rams logo patches Direct manufacturing labor 4 hours 5 hours en budget in Print Done Producun Budget For the Month of March or enter any number in the input fields and then continue to the next question. DOLL A Direct Materials - X amod high s Hitional budge edirect direct ed) is a por-hour mation.) inventor fon) followin get Unit data pertaining to the direct materials for March 2017 are as follows: Actual Beginning Direct Materials Inventory (3/1/2017) Broncos Blanket Rams Blanket Red wool fabric 40 yards yards Black wool fabric Broncos logo patches 50 Rams logo patches 20 venues 0 65 he Month 3 Sell 140 $ 195 Target Ending Direct Materials Inventory (3/31/2017) Broncos Blanket Rams Blanket Red wool fabric 30 yards 0 yards Black wool fabric Broncos logo patches Rams logo patches budget in Produ For the enter any en n DELL s, among other things, woolen blankets for the high schools Iditional information.) e budgeted direct-cost.) Manufacturing overhead (both variable and fixed) is a the basis of budgeted direct manufacturing labor-hour (Click the icon to view the overhead information.) (Click the icon to view the finished goods inventor Direct-Cost Inputs Unit cost data for direct-cost inputs pertaining to February 2017 and March 2017 are as follows: February 2017 (actual) March 2017 (budgeted) Red wool fabric (per yard) 10 $ 11 Black wool fabric (per yard) 13 Broncos logo patches (per patch) Rams logo patches (per patch) Manufacturing labor cost per hour 28 Print Done Producton Budget For the Month of March Tenter any number in the input fields and then continue to the next question. DOLL F4F5F6FZ F8 F9 F10 11 CA mong other things, woolen blankets for the h schools nal information.) dgeted direct-cost.) rect materials.) irect-cost inputs.) Manufacturing overhead (both variable and fixed) is all the basis of budgeted direct manufacturing labor-hours (Click the icon to view the overhead information.) (Click the icon to view the finished goods inventory (Click the icon to view additional information) Read the requirements llowin Manufacturing Overhead Information nues Month Sell The budgeted variable manufacturing overhead rate for March 2017 is $17 per direct manufacturing labor-hour. The budgeted fixed manufacturing overhead for March 2017 is 514,625. Both variable and fixed manufacturing overhead costs are allocated to each unit of finished goods. $ Print Done dget in Um Production Budget For the Month of March er any number in the input fields and then continue to the next question. DELL 1 of 1 ctures, among other things, woolen blankets for the local high schools w additional information.) w the budgeted direct cost) ew the direct materials.) aw the 0 Finished Goods Inventory Manufacturing overhead (both variable and fixed) is all the basis of budgeted direct manufacturing labor hours (Click the icon to view the overhead information.) (Click the icon to view the finished goods inventory (Click the icon to view additional information.) re the buda Revel For the Data relating to finished goods inventory for March 2017 are as follows: Broncos Blanket Rams Blanket Beginning inventory in units 19 Beginning inventory in dollars (cost) $1,960 $ 2,945 Target ending inventory in units Units 24 10 Print Done ton budowa Production Budget For the Month of March or enter any number in the input fields and then continue to the next question DELL 5, among other things, woolen blankets for the high schools aditional information.) budgeted direct-cost.) e direct materials.) e direct-cost inputs.) Manufacturing overhead (both variable and fixed) is allo the basis of budgeted direct manufacturing labor-hours (Click the icon to view the overhead information.) (Click the icon to view the finished goods inventory) (Click the icon to view additional information.) Read the requirements 1 Sales and Other Information 440 Budgeted sales for March 2017 are 140 units of the Broncos blankets and 195 units of the Rams blankets. The budgeted selling prices per unit in March 2017 are $305 for the Broncos blankets and $378 for the Rams blankets. Assume the following in your answer Work-in-process inventories are negligible and ignored. Direct materials inventory and finished goods inventory are costed using the FIFO method Unit costs of direct materials purchased and finished goods are constant in March 2017 195 bud Print Done For the Month of March enter any number in the input fields and then continue to the next question DELL 15 USLU. TUPIJ Manufacturing overhead (both vari the basis of budgeted direct manut (Click the icon to view the over Hale Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools. (Click the icon to view additional information.) BE: (Click the icon to view the budgeted direct cost.) E (Click the icon to view the direct materials) BE (Click the icon to view the direct-cost inputs.) (Click the icon to view the finis (Click the icon to view addition Read the requirements Requirement 1. Prepare the following budgets a. Prepare the revenues budget Revenues Budget For the Month of March Units Selling Price 140 $ 305 Broncos Blankets Total revenues 42,700 73.710 Rams Blankets 195 378 Tolal 116,410 b. Prepare the production budget in units Production Budget For the Month of March Choose from any list or enter any number in the input fields and then continue to the next question Save for Later o e mm @ DELL F10 Hale Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools. (Click the icon to view additional information.) Manufacturing ove the basis of budget (Click the icon (Click the icon (Click the icon to (Click the icon to view the budgeted direct-cost.) (Click the icon to view the direct materials.) (Click the icon to view the direct-cost inputs.) Read the requiremen Total 116,410 b. Prepare the production budget in units Rams Production Budget For the Month of March Broncos Budgeted units sales 140 Add target ending finished goods inventory Total required units Deduct beginning finished goods inventory Units of finished goods to be produced 24 184 224 205 c. Prepare the direct material usage budget and direct material purchases budget Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later o e M @ DOLL Hale Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools i (Click the icon to view additional information) Click the icon to view the budgeted direct.cost) Click the icon to view the direct materials) (Click the icon to view the direct cost inputs.) Manufacturing overhead (both variable and fixed) is alloc the basis of budgeted direct manufacturing labor-hours (Click the icon to view the overhead information ) (Click the icon to view the finished goods inventory) (Click the icon to view additional information ) Read the requirements Direct Material Usage Budget in Quantity and Dollars For the Month of March Material Broncos Red wool Black wool logo patches logo patches Total Physical Units Budget Direct materials required for Broncos Rams Total lity of direct material to be used Cost Budget Available from beginning direct materials inventory Choose from any list or enter any number in the input fields and then continue to the next question Save for Later O e M DELL 1209ACOB ID Hale Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools (Click the icon to view additional information ) (Click the icon to view the budgeted direct-cost) (Click the icon to view the direct materials.) (Click the icon to view the direct-cost inputs.) Total quantity of direct material to be used yds y ds Cost Budget Available from beginning direct materials inventory (under a FIFO cost flow assumption) Broncos Manufacturing overhead (both variable and fixed) is allo the basis of budgeted direct manufacturing labor-hours i (Click the icon to view the overhead information.) (Click the icon to view the finished goods inventory) (Click the icon to view additional information) Read the requirements Rams To be purchased this period Broncos Rems Direct materials to be used this period Now prepare March's direct material purchases budget Direct Materials Purchases Budget Choose from any list or enter any number in the input fields and then continue to the next question Save for Later DELL 9800QQQQAT Hale Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools (Click the icon to view additional information) (Click the icon to view the budgeted direct.cost) (Click the icon to view the direct materials) (Click the icon to view the direct cost inputs.) Manufacturing overhead (both variable and fixed) is the basis of budgeted direct manufacturing labor-ho (Click the icon to view the overhead information (Click the icon to view the finished goods invente (Click the icon to view additional information) Read the requirements For the Month of March Materials Rams Broncos logo patches Red wool Black wool logo patches Total Physical Units Budget To be used in production Add Iwget ending inventory Total requirement Deduct beginning inventory Purchases to be made Cost Budget 6 888 UN Purchases Choose from any list or enter any number in the input fields and then continue to the next question Save for Later DELL 9000 RON Hale Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools i (Click the icon to view additional information) E (Click the icon to view the budgeted direct-cost.) E (Click the icon to view the direct materials) (Click the icon to view the direct-cost inputs.) Manufacturing overhead (both variable and fixed) is the basis of budgeted direct manufacturing labor-ho i (Click the icon to view the overhead information (Click the icon to view the finished goods invente (Click the icon to view additional information) Read the requirements d. Prepare the direct manufacturing labor costs budget. (Abbreviation used DMLH = Direct manufacturing labor hours) Direct Manufacturing Labor Costs Budget For the Month of March Output units DMLH Total Hourly produced per unit DMLH wage rate Broncos blankets 4.0 E Rams blankets 50 Total e. Prepare the manufacturing overhead costs budget. Start by selecing the formula, and calculating the budgeted variable manufacturing overhead costs for March Variable manufacturing Choose from any list or enter any number in the input fields and then continue to the next question Save for Later DELL w WER This Question: 100 pts 1 of 1 This Quiz Hale Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools (Click the icon to view additional information) Click the icon to view the budgeted direct-cost) (Click the icon to view the direct materials) (Click the icon to view the direct cost inputs) Total Manufacturing overhead (both variable and fixed) is allocated the basis of budgeted direct manufacturing labor hours per bla (Click the icon to view the overhead information.) (Click the icon to view the finished goods inventory) (Click the icon to view additional information ) Read the requirements e. Prepare the manufacturing overhead costs budget. Start by solocing the formula, and calculating the budgeted variable manufacturing overhead costs for March Variable manufacturing overhead costs Now prepare the total manufacturing overhead cost budgets by entering the appropriate amounts then calculate the total manufacturing overhead costs Manufacturing Overhead Budget For the Month of March Variable manufacturing overhead costs Food manufacturing overhead costs Total manufacturing overhead costs Choose from any list or enter any number in the input fields and then continue to the next question Save for Later DELL 98980BRDO Quiz: Chapter 6 Quiz This Question: 100 pts 1 of 1 This Quiz: 100 P Hale Specialties manufactures, among other things, woolen blankets for the the teams of the two local high schools Co the conte n t formation) Manufacturing overhead (both variable and fedis allocated to each the basis of budgeted direct manufacturing labor hours per blanket the icon to the overhead information) Click the icon to view the finished goods inventory) (Click the icon to view additional information) Click the icon to view the budgeted direct.cost) (Click the icon to view the direct materials Click the icon to view the direct.cost inputs) II Read the requirements Now prepare the total manufacturing overhead cost budgets by entering the appropriate amounts then calculate the total manufacturing overhead costs Manufacturing Overhead Budget For the Month of March Variable manufacturing overhead costs Fixed manufacturing overhead costs Total manufacturing overhead costs t. Prepare the ending inventore budget direct materials and finished goods) Complete the information below by entering the appropriate amounts to calc u n costs of ending shed goods ventory for the Broncos and Ramblas Remember the food manucuring overhead s the total fed manufacturing overhead divided by the local direct mancung labor hours Unit Costs of Ending Finished Goods Inventory March 31, 2017 Product Choose from any list or enter any number in the input fields and then continue to the next question Save for Later DELL 989BQQAAB Hale Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools (Click the icon to view additional information) (Click the icon to view the budgeted direct cost) (Click the icon to view the direct materials.) (Click the icon to view the direct cost inputs.) Manufacturing overhead (both variable and foced) is all the basis of budgeted direct manufacturing labor-hours (Click the icon to view the overhead information) (Click the icon to view the finished goods inventory (Click the icon to view additional information) Read the requirements Unit Costs of Ending Finished Goods Inventory March 31, 2017 Product Broncos Rams Cost per unit Input per unit Cost per unit Input per unit of input of output Total of input of output 5 yds. 13 6 yds Total Wool Logo Direct manufacturing labor Fored manufacturing overhead 5 hrs. 5 hrs 5 hrs. Variable manufacturing overhead Total Choose from any list or enter any number in the input fields and then continue to the next question Save for Later DELL # m Hale Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools. (Click the icon to view additional information) (Click the icon to view the budgeted direct-cost.) (Click the icon to view the direct materials.) (Click the icon to view the direct cost inputs) Manufacturing overhead (both variable and the basis of budgeted direct manufacturing (Click the icon to view the overhead info (Click the icon to view the finished good (Click the icon to view additional informa Read the requirements Ending Inventories Budget March 31, 2017 Quantity Cost per unit Direct materials Red wool Black wool Broncos logo Rams logo Finished goods Broncos blankets Rams blankets Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later DELL # w & This Question: 100 pts 1 of 1 This Hale Specialties manufactures, among other things, woolen blankets for the athletic leams of the two local high schools (Click the icon to view additional information) (Click the icon to view the budgeted direct cost) E (Click the icon to view the direct materials) Click the icon to view the direct cost inputs) Manufacturing overhead (both variable and fixed) is all the basis of budgeted direct manufacturing labor hours (Click the icon to view the overhead information ) (Click the icon to view the finished goods inventory (Click the icon to view additional information) Read the requirements Cost of Goods Sold Budget For the Month of March, 2017 Beginning finished goods inventory, March 1 Direct materials used. Direct manufacturing labor Manufacturing overhead Cost of goods manufactured Cost of goods available for sale Deduct onding finished goods inventory, March 31 Cost of goods sold Requirement 2 Suppose Hale Specialties decides to incorporate continuous improvement into its budgeting process. Select two areas where it co continuous improvement into the budget schedules in requirement 1 Choose from any list or enter any number in the input fields and then continue to the next question Save for Later o e M DELL " F4 F6 F7 F10 F12 @ og * W# N C s Questull. U pus ale Specialties manufactures, among other things, woolen blankets for the thletic teams of the two local high schools (Click the icon to view additional information) (Click the icon to view the budgeted direct cost) (Click the icon to view the direct materials) (Click the icon to view the direct cost inputs) Cost of goods manufactured Cost of goods available for sale Deduct ending finished goods inventory, March 31 Cost of goods sold Manufacturing overhead (both variable and fixed) is allocated to each blan the basis of budgeted direct manufacturing labor hours per blanket Click the icon to view the overhead information) BE (Click the icon to view the finished goods inventory) Click the icon to view additional information) Read the requirements Requirement 2 Suppose Hale Specialties decides to incorporate continuous improvement into its budgeting process Select two areas where it could incorporato continuous improvement into the budget schedules in requirement 1 Only by reducing the budget on a monthly basis for the amounts of food overhead Can Hale Specialties continually improve food manufacturing overtad Direct manufacturing labor can incorporato continuous improvement by revising the budgeted usage of 4 hours and 5 hours on a monthly basis To continually improve the direct material usage budget the company should verify that the beginning inventory is as low as possible to decrease the materials used during production By increasing the target onding finished goods inventory Hale Speciates will reduce the production budget therefore continually improve the direct material purchases budget Hale Specialties can cont r ove variable manufacturing overhead by budgeting more cont use of the allocation base Choose from any list or enter any number in the input fields and then continue to the next question Save for Later O e M DELL 9898OBDOBE Hale Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools. (Click the icon to view additional information.) E: (Click the icon to view the budgeted direct-cost) E: (Click the icon to view the direct materials.) (Click the icon to view the direct cost inputs ) Requirement 1. Prepare the following budgets. a. Prepare the revenues budget. Revenues Budget For the Month of March Units Selling Price 140 $ 195 378 Broncos Blankets 305 Total revenues 42,700 73,710 Rams Blankets Total 116,410 b. Prepare the production budget in units. Production Budget For the Month of March Choose from any list or enter any number in the input fields and then continue to the Save for Later o e Mo DOLL Hale Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools (Click the icon to view additional information) (Click the icon to view the budgeted direct cost) (Click the icon to view the direct materials.) (Click the icon to view the direct-cost inputs.) Manufacturing overhead (both variable and fixed) is allocated to each blanket on the basis of budgeted direct manufacturing labor hours per blanket (Click the icon to view the overhead information ) (Click the icon to view the finished goods inventory) (Click the icon to view additional information) Read the requirements Requirement 1. Prepare the following budgets a. Prepare the revenues budget Revenues Budget For the Month of March Units Selling Price 140 $ 305 195 378 Total revenues 42700 73 710 Broncos Blankets Rams Blankets 116.410 Total b. Prepare the production budget in units Production Budget For the Month of March Choose from any list or enter any number in the input fields and then continue to the next question Save for Later o E: e = 0 DELL #s, among other things, woolen blankets for the al high schools ditional information.) me budgeted direct cost.) me direct the direct Budgeted Direct-Cost Inputs Manufacturing overhead (both variable and fixed the basis of budgeted direct manufacturing labor- (Click the icon to view the overhead informati FE: (Click the icon to view the finished goods inve X lon ) he followin udget Eevenues the Month mits Sell 140 $ 195 The budgeted direct-cost inputs for each product in 2017 are as follows: Broncos Blanket Rams Blanket Red wool fabric 5 yards Oyards Black wool fabric Broncos logo patches Rams logo patches Direct manufacturing labor 4 hours 5 hours en budget in Print Done Producun Budget For the Month of March or enter any number in the input fields and then continue to the next question. DOLL A Direct Materials - X amod high s Hitional budge edirect direct ed) is a por-hour mation.) inventor fon) followin get Unit data pertaining to the direct materials for March 2017 are as follows: Actual Beginning Direct Materials Inventory (3/1/2017) Broncos Blanket Rams Blanket Red wool fabric 40 yards yards Black wool fabric Broncos logo patches 50 Rams logo patches 20 venues 0 65 he Month 3 Sell 140 $ 195 Target Ending Direct Materials Inventory (3/31/2017) Broncos Blanket Rams Blanket Red wool fabric 30 yards 0 yards Black wool fabric Broncos logo patches Rams logo patches budget in Produ For the enter any en n DELL s, among other things, woolen blankets for the high schools Iditional information.) e budgeted direct-cost.) Manufacturing overhead (both variable and fixed) is a the basis of budgeted direct manufacturing labor-hour (Click the icon to view the overhead information.) (Click the icon to view the finished goods inventor Direct-Cost Inputs Unit cost data for direct-cost inputs pertaining to February 2017 and March 2017 are as follows: February 2017 (actual) March 2017 (budgeted) Red wool fabric (per yard) 10 $ 11 Black wool fabric (per yard) 13 Broncos logo patches (per patch) Rams logo patches (per patch) Manufacturing labor cost per hour 28 Print Done Producton Budget For the Month of March Tenter any number in the input fields and then continue to the next question. DOLL F4F5F6FZ F8 F9 F10 11 CA mong other things, woolen blankets for the h schools nal information.) dgeted direct-cost.) rect materials.) irect-cost inputs.) Manufacturing overhead (both variable and fixed) is all the basis of budgeted direct manufacturing labor-hours (Click the icon to view the overhead information.) (Click the icon to view the finished goods inventory (Click the icon to view additional information) Read the requirements llowin Manufacturing Overhead Information nues Month Sell The budgeted variable manufacturing overhead rate for March 2017 is $17 per direct manufacturing labor-hour. The budgeted fixed manufacturing overhead for March 2017 is 514,625. Both variable and fixed manufacturing overhead costs are allocated to each unit of finished goods. $ Print Done dget in Um Production Budget For the Month of March er any number in the input fields and then continue to the next question. DELL 1 of 1 ctures, among other things, woolen blankets for the local high schools w additional information.) w the budgeted direct cost) ew the direct materials.) aw the 0 Finished Goods Inventory Manufacturing overhead (both variable and fixed) is all the basis of budgeted direct manufacturing labor hours (Click the icon to view the overhead information.) (Click the icon to view the finished goods inventory (Click the icon to view additional information.) re the buda Revel For the Data relating to finished goods inventory for March 2017 are as follows: Broncos Blanket Rams Blanket Beginning inventory in units 19 Beginning inventory in dollars (cost) $1,960 $ 2,945 Target ending inventory in units Units 24 10 Print Done ton budowa Production Budget For the Month of March or enter any number in the input fields and then continue to the next question DELL 5, among other things, woolen blankets for the high schools aditional information.) budgeted direct-cost.) e direct materials.) e direct-cost inputs.) Manufacturing overhead (both variable and fixed) is allo the basis of budgeted direct manufacturing labor-hours (Click the icon to view the overhead information.) (Click the icon to view the finished goods inventory) (Click the icon to view additional information.) Read the requirements 1 Sales and Other Information 440 Budgeted sales for March 2017 are 140 units of the Broncos blankets and 195 units of the Rams blankets. The budgeted selling prices per unit in March 2017 are $305 for the Broncos blankets and $378 for the Rams blankets. Assume the following in your answer Work-in-process inventories are negligible and ignored. Direct materials inventory and finished goods inventory are costed using the FIFO method Unit costs of direct materials purchased and finished goods are constant in March 2017 195 bud Print Done For the Month of March enter any number in the input fields and then continue to the next question DELL 15 USLU. TUPIJ Manufacturing overhead (both vari the basis of budgeted direct manut (Click the icon to view the over Hale Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools. (Click the icon to view additional information.) BE: (Click the icon to view the budgeted direct cost.) E (Click the icon to view the direct materials) BE (Click the icon to view the direct-cost inputs.) (Click the icon to view the finis (Click the icon to view addition Read the requirements Requirement 1. Prepare the following budgets a. Prepare the revenues budget Revenues Budget For the Month of March Units Selling Price 140 $ 305 Broncos Blankets Total revenues 42,700 73.710 Rams Blankets 195 378 Tolal 116,410 b. Prepare the production budget in units Production Budget For the Month of March Choose from any list or enter any number in the input fields and then continue to the next question Save for Later o e mm @ DELL F10 Hale Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools. (Click the icon to view additional information.) Manufacturing ove the basis of budget (Click the icon (Click the icon (Click the icon to (Click the icon to view the budgeted direct-cost.) (Click the icon to view the direct materials.) (Click the icon to view the direct-cost inputs.) Read the requiremen Total 116,410 b. Prepare the production budget in units Rams Production Budget For the Month of March Broncos Budgeted units sales 140 Add target ending finished goods inventory Total required units Deduct beginning finished goods inventory Units of finished goods to be produced 24 184 224 205 c. Prepare the direct material usage budget and direct material purchases budget Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later o e M @ DOLL Hale Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools i (Click the icon to view additional information) Click the icon to view the budgeted direct.cost) Click the icon to view the direct materials) (Click the icon to view the direct cost inputs.) Manufacturing overhead (both variable and fixed) is alloc the basis of budgeted direct manufacturing labor-hours (Click the icon to view the overhead information ) (Click the icon to view the finished goods inventory) (Click the icon to view additional information ) Read the requirements Direct Material Usage Budget in Quantity and Dollars For the Month of March Material Broncos Red wool Black wool logo patches logo patches Total Physical Units Budget Direct materials required for Broncos Rams Total lity of direct material to be used Cost Budget Available from beginning direct materials inventory Choose from any list or enter any number in the input fields and then continue to the next question Save for Later O e M DELL 1209ACOB ID Hale Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools (Click the icon to view additional information ) (Click the icon to view the budgeted direct-cost) (Click the icon to view the direct materials.) (Click the icon to view the direct-cost inputs.) Total quantity of direct material to be used yds y ds Cost Budget Available from beginning direct materials inventory (under a FIFO cost flow assumption) Broncos Manufacturing overhead (both variable and fixed) is allo the basis of budgeted direct manufacturing labor-hours i (Click the icon to view the overhead information.) (Click the icon to view the finished goods inventory) (Click the icon to view additional information) Read the requirements Rams To be purchased this period Broncos Rems Direct materials to be used this period Now prepare March's direct material purchases budget Direct Materials Purchases Budget Choose from any list or enter any number in the input fields and then continue to the next question Save for Later DELL 9800QQQQAT Hale Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools (Click the icon to view additional information) (Click the icon to view the budgeted direct.cost) (Click the icon to view the direct materials) (Click the icon to view the direct cost inputs.) Manufacturing overhead (both variable and fixed) is the basis of budgeted direct manufacturing labor-ho (Click the icon to view the overhead information (Click the icon to view the finished goods invente (Click the icon to view additional information) Read the requirements For the Month of March Materials Rams Broncos logo patches Red wool Black wool logo patches Total Physical Units Budget To be used in production Add Iwget ending inventory Total requirement Deduct beginning inventory Purchases to be made Cost Budget 6 888 UN Purchases Choose from any list or enter any number in the input fields and then continue to the next question Save for Later DELL 9000 RON Hale Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools i (Click the icon to view additional information) E (Click the icon to view the budgeted direct-cost.) E (Click the icon to view the direct materials) (Click the icon to view the direct-cost inputs.) Manufacturing overhead (both variable and fixed) is the basis of budgeted direct manufacturing labor-ho i (Click the icon to view the overhead information (Click the icon to view the finished goods invente (Click the icon to view additional information) Read the requirements d. Prepare the direct manufacturing labor costs budget. (Abbreviation used DMLH = Direct manufacturing labor hours) Direct Manufacturing Labor Costs Budget For the Month of March Output units DMLH Total Hourly produced per unit DMLH wage rate Broncos blankets 4.0 E Rams blankets 50 Total e. Prepare the manufacturing overhead costs budget. Start by selecing the formula, and calculating the budgeted variable manufacturing overhead costs for March Variable manufacturing Choose from any list or enter any number in the input fields and then continue to the next question Save for Later DELL w WER This Question: 100 pts 1 of 1 This Quiz Hale Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools (Click the icon to view additional information) Click the icon to view the budgeted direct-cost) (Click the icon to view the direct materials) (Click the icon to view the direct cost inputs) Total Manufacturing overhead (both variable and fixed) is allocated the basis of budgeted direct manufacturing labor hours per bla (Click the icon to view the overhead information.) (Click the icon to view the finished goods inventory) (Click the icon to view additional information ) Read the requirements e. Prepare the manufacturing overhead costs budget. Start by solocing the formula, and calculating the budgeted variable manufacturing overhead costs for March Variable manufacturing overhead costs Now prepare the total manufacturing overhead cost budgets by entering the appropriate amounts then calculate the total manufacturing overhead costs Manufacturing Overhead Budget For the Month of March Variable manufacturing overhead costs Food manufacturing overhead costs Total manufacturing overhead costs Choose from any list or enter any number in the input fields and then continue to the next question Save for Later DELL 98980BRDO Quiz: Chapter 6 Quiz This Question: 100 pts 1 of 1 This Quiz: 100 P Hale Specialties manufactures, among other things, woolen blankets for the the teams of the two local high schools Co the conte n t formation) Manufacturing overhead (both variable and fedis allocated to each the basis of budgeted direct manufacturing labor hours per blanket the icon to the overhead information) Click the icon to view the finished goods inventory) (Click the icon to view additional information) Click the icon to view the budgeted direct.cost) (Click the icon to view the direct materials Click the icon to view the direct.cost inputs) II Read the requirements Now prepare the total manufacturing overhead cost budgets by entering the appropriate amounts then calculate the total manufacturing overhead costs Manufacturing Overhead Budget For the Month of March Variable manufacturing overhead costs Fixed manufacturing overhead costs Total manufacturing overhead costs t. Prepare the ending inventore budget direct materials and finished goods) Complete the information below by entering the appropriate amounts to calc u n costs of ending shed goods ventory for the Broncos and Ramblas Remember the food manucuring overhead s the total fed manufacturing overhead divided by the local direct mancung labor hours Unit Costs of Ending Finished Goods Inventory March 31, 2017 Product Choose from any list or enter any number in the input fields and then continue to the next question Save for Later DELL 989BQQAAB Hale Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools (Click the icon to view additional information) (Click the icon to view the budgeted direct cost) (Click the icon to view the direct materials.) (Click the icon to view the direct cost inputs.) Manufacturing overhead (both variable and foced) is all the basis of budgeted direct manufacturing labor-hours (Click the icon to view the overhead information) (Click the icon to view the finished goods inventory (Click the icon to view additional information) Read the requirements Unit Costs of Ending Finished Goods Inventory March 31, 2017 Product Broncos Rams Cost per unit Input per unit Cost per unit Input per unit of input of output Total of input of output 5 yds. 13 6 yds Total Wool Logo Direct manufacturing labor Fored manufacturing overhead 5 hrs. 5 hrs 5 hrs. Variable manufacturing overhead Total Choose from any list or enter any number in the input fields and then continue to the next question Save for Later DELL # m Hale Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools. (Click the icon to view additional information) (Click the icon to view the budgeted direct-cost.) (Click the icon to view the direct materials.) (Click the icon to view the direct cost inputs) Manufacturing overhead (both variable and the basis of budgeted direct manufacturing (Click the icon to view the overhead info (Click the icon to view the finished good (Click the icon to view additional informa Read the requirements Ending Inventories Budget March 31, 2017 Quantity Cost per unit Direct materials Red wool Black wool Broncos logo Rams logo Finished goods Broncos blankets Rams blankets Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later DELL # w & This Question: 100 pts 1 of 1 This Hale Specialties manufactures, among other things, woolen blankets for the athletic leams of the two local high schools (Click the icon to view additional information) (Click the icon to view the budgeted direct cost) E (Click the icon to view the direct materials) Click the icon to view the direct cost inputs) Manufacturing overhead (both variable and fixed) is all the basis of budgeted direct manufacturing labor hours (Click the icon to view the overhead information ) (Click the icon to view the finished goods inventory (Click the icon to view additional information) Read the requirements Cost of Goods Sold Budget For the Month of March, 2017 Beginning finished goods inventory, March 1 Direct materials used. Direct manufacturing labor Manufacturing overhead Cost of goods manufactured Cost of goods available for sale Deduct onding finished goods inventory, March 31 Cost of goods sold Requirement 2 Suppose Hale Specialties decides to incorporate continuous improvement into its budgeting process. Select two areas where it co continuous improvement into the budget schedules in requirement 1 Choose from any list or enter any number in the input fields and then continue to the next question Save for Later o e M DELL " F4 F6 F7 F10 F12 @ og * W# N C s Questull. U pus ale Specialties manufactures, among other things, woolen blankets for the thletic teams of the two local high schools (Click the icon to view additional information) (Click the icon to view the budgeted direct cost) (Click the icon to view the direct materials) (Click the icon to view the direct cost inputs) Cost of goods manufactured Cost of goods available for sale Deduct ending finished goods inventory, March 31 Cost of goods sold Manufacturing overhead (both variable and fixed) is allocated to each blan the basis of budgeted direct manufacturing labor hours per blanket Click the icon to view the overhead information) BE (Click the icon to view the finished goods inventory) Click the icon to view additional information) Read the requirements Requirement 2 Suppose Hale Specialties decides to incorporate continuous improvement into its budgeting process Select two areas where it could incorporato continuous improvement into the budget schedules in requirement 1 Only by reducing the budget on a monthly basis for the amounts of food overhead Can Hale Specialties continually improve food manufacturing overtad Direct manufacturing labor can incorporato continuous improvement by revising the budgeted usage of 4 hours and 5 hours on a monthly basis To continually improve the direct material usage budget the company should verify that the beginning inventory is as low as possible to decrease the materials used during production By increasing the target onding finished goods inventory Hale Speciates will reduce the production budget therefore continually improve the direct material purchases budget Hale Specialties can cont r ove variable manufacturing overhead by budgeting more cont use of the allocation base Choose from any list or enter any number in the input fields and then continue to the next question Save for Later O e M DELL 9898OBDOBE