Homework: Assignment: Chapter 6 Save Score: 5.17 of 40 pts 4 of 4 3 complete) HW Score: 42.73 %, 42.73 of 100 pt P6-40 (similar to) Queston Help Pet Gear Company makes two pet camer, the Cat-alac and the Dog-erfic. They are both made of plasic with metal doors, but the Cat-allac is amaler nfommation for the heo products for the month of April is given in the folowing tables micick the loon to view the infomation for the two producte) Pel Gear acoourts for direct materials using a FIFO cos-Bow assumption (Clk the loen to view the account information.) Pet Gear uses an activity-based costing system and dlassfos ovehead inte hree actvly pools Seto, Processing, and Inspection Activity raes for these acivios are $120 per setup-hour, $10 per machine-hour and $10 per inspection-hour respectively Othe information follows: m(Clk the loon to view the ofher infomaton) Resd the reouirements www. Material Plastic Metal Total Physical Units Budget Direet materials required for 2A00 b Cat-alla 240 be 1,c80 240 Dog-enfic 4.080 bs 410 Total quantity of direct material to be usedi Cest Budget Available from beginning direct materials inventory under a FFO cot-ow assumpton) Plsic Melal To be purchased this peried Plastic Metal Drect materials to be uned this period Enter any number in the eat feids and then click Check Anwer 16 parts remaining Clear Al Check Anwer apter 6 4 of 4 (3 complete) g-eriffic. They for the month of April is given in the following tables: are both made of plastic with metal Pet Gear uses an activity-based costing system and classi Inspection. Activity rates for these activities are $120 per se respectively. Other information follows: (Click the icon to view the other information.) mption. iRequirements Materia Prepare the following for April: Revenues budget 1. 2. Production budget in units Ibs. 3. Direct material usage budget and direct material purchases budget lbs. 4. Direct manufacturing labor cost budget 5. Manufacturing overhead cost budgets for each of the three activities lbs. Budgeted unit cost of ending finished goods inventory and ending inventories budget 6. 7. Cost of goods sold budget Nonmanufacturing costs budget Budgeted income statement (ignore income taxes) How does preparing the budget help Pet Gear's management team better manage the company? 8. 9. 10. Done Print ver. Clear All MacBook Air Roger Witham | 10 of 4 (3 complete) HW Score: 42.73%, Qu -ty pools: Setup hour, and $10 p i Product Information me gtal Input Prices Direct materials Plastic 6 per pound Metal S 5 per pound $ 12 per direct manufacturing labor hour Direct manufacturing labor Input Quantities per Unit of Output Cat-allac Dog-eriffic Direct materials 5 pounds 7 pounds Plastic 1 pound Metal 0.5 pounds 3 hours Direct manufacturing labor-hours (DMLH) 5 hours 12 MH 18 MH Machine-hours (MH) Inventory Information, Direct Materials Plastic Metal 220 pounds 60 pounds Beginning inventory 360 pounds 55 pounds Target ending inventory Cost of beginning inventory 836 168 Print Done Check Answ Clear All k Air oter 6 4 of 4 (3 complete) eriffic. They are both made of plastic with metal the month of April is given in the following tables: Pet Gear uses an Inspection. Activity rates for these activities are $120 per setur respectively. Other information folllows: (Click the icon to view the other information.) activity-based costing system and classifiem ion. Read the requirements - X Materia Account Information Sales and Inventory Information, Finished Goods os. Cat-allac Dog-eriffic os. 460 255 Expected sales in units S 210 $ 300 bs. Selling price 40 20 Target ending inventory in units Beginning inventory in units 20 35 Beginning inventory in dollars $ 2,000 S 6,510 Pet Gear uses a FIFO cost-flow assumption for finished-goods inventory. Print Done rer. Clear All MacBook Air g-eriffic. They are both made of plastic with metal or the month of April is given in the following tables: Pet Gear uses an activity-based costing system an Inspection. Activity rates for these activities are $12 respectively. Other information follows: EEL (Click the icon to view the other information.) Read the requirements. ption. Materia Other information Cost Driver Information Ibs. Dog-errific Cat-allac bs. Number of units per batch 10 20 Setup time per batch 1.25 hours 2.25 hours lbs. 0.5 hours 0.5 hour Inspection time per batch If necessary, round up to calculate number of batches. Nonmanufacturing fixed costs for March equal $36,000, half of which are salaries. Salaries are expected to increase 5% in April. Other nonmanufacturing fixed costs will remain the same. The only variable nonmanufacturing cost is sales commission, equal to 1 % of sales revenue. Print Done nswer. Clear All MacBook Air