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Hardy Company reports budgeted merchandise purchases below. For those purchases, 4 0 % of a month's purchases is paid in theRequired information [ The following
Hardy Company reports budgeted merchandise purchases below. For those purchases, of a month's purchases is paid in theRequired information
The following information applies to the questions displayed below.
Black Diamond Company produces snowboards. Each snowboard requires pounds of carbon fiber. Management reports
that snowboards and pounds of carbon fiber are in inventory at the beginning of the third quarter, and that
snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with
snowboards and pounds of carbon fiber in inventory. Carbon fiber costs $ per pound. Each snowboard
requires hour of direct labor at $ per hour. Variable overhead is budgeted at the rate of $ per direct labor hour.
The company budgets fixed overhead of $ for the quarter.
Required:
Prepare the production budget for the third quarter. Hint: Desired ending inventory units are given.Required information
The following information applies to the questions displayed below.
Black Diamond Company produces snowboards. Each snowboard requires pounds of carbon fiber. Management reports
that snowboards and pounds of carbon fiber are in inventory at the beginning of the third quarter, and that
snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with
snowboards and pounds of carbon fiber in inventory. Carbon fiber costs $ per pound. Each snowboard
requires hour of direct labor at $ per hour. Variable overhead is budgeted at the rate of $ per direct labor hour.
The company budgets fixed overhead of $ for the quarter.
Prepare the direct materials budget for the third quarter.
month of purchase, and is paid in the first month after purchase. Prepare the schedule of cash payments for merchandise
purchases for September and October.
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