how to do the question after requirement5?

Xuan Manufacturing Company manufactures blue rugs, using wool and dye as direct materials One rug is budgeted to use 32 skins of wool at a cost of $2 per skein and 0.75 gallons of dye at a cost of $5 per gallon. All other materials are indirect. At the beginning of the year Xuan has an inventory of 446,000 skeins of wool at a cost of $802,800 and 3,900 gallons of dye at a cost of $22.620. Target ending inventory of wool and dye is zero Xuan uses the FIFO inventory cost flow method Requirement 1. Prepare a direct material usage budget in both units and dollars. Begin with the physical units portion, then prepare the cost budget portion of the direct material usage budget Direct Material Usage Budget in Quantity and Dollars Material Wool Dye Total Physical Units Budget Direct materials required for 8,090,000 142,500 skeins Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Wool $ 802,800 Dye $ 22,620 To be purchased this period Wool 11,268.000 Blue rugs gal Enter any number in the edit fields and then click Check Answer Question Help of wool al (Click the icon to view the additional information) Quan hasan ool and dye There is no direct manufacturing labor cost for dyeing. Xuan budgets 70 direct manufacturing labor hours to weave a rug at a budgeted rate of $12 per hour it budgets 0 25 machine hours to dye each skein in the dyeing process Click the icon to view the budgeted overhead costs.) Read the requirements direct materials. One rug is budgeteu o - materials are indirect. At the beginning of the year Xuan has an dye at a cost of $22,620. Target ending inventory of wool and dye (Click the icon to view the additional information.) There is no direct manufacturing labor cost for dyeing. Xuan budgets 70 $12 per hour. It budgets 0.25 machine-hours to dye each skein in the dy B. (Click the icon to view the budgeted overhead costs.) Read the requirements "S e direct More Info - X Hollars al Xuan blue rugs are very popular and demand is high, but because of capacity constraints the firm will produce only 190,000 blue rugs per year. The budgeted selling price is $1,900 each. There are no rugs in beginning inventory. Target ending inventory of rugs is also zero. Xuan makes rugs by hand, but uses a machine to dye the wool. Thus, overhead costs are accumulated in two cost poolsone for weaving and the other for dyeing. Weaving overhead is allocated to products based on direct manufacturing labor-hours (DMLH). Dyeing overhead is allocated to products based on machine-hours (MH). Print Done $ 22 620 ennnn Clear All Units Selling price Total revenues (a) Blue rugs 190,000 $ 1,900 $ 361,000,000 (b) Blue rugs 180.000 1,900 342,000,000 Requirement 5. Calculate the budgeted cost of goods sold for blue rugs under each sales assumption. (For amounts with a $0 balance, make sure to enter "O" in the appropriate cell) Begin by (a) completing the cost of goods sold budget assuming sales of 190,000 rugs, and then (b) complete a cost of goods sold budget assuming sales of 180.000 rugs Cost of Goods Sold Budget (a) 190,000 units Beginning finished goods inventory 0 Direct materials used Direct manufacturing labor Manufacturing overhead Cost of goods manufactured Cost of goods available for sale Deduct ending finished goods inventory Cost of goods sold Enter any number in the edit fields and then click Check Answer 5 remaining Clear All nd dye as direct materials. One rug is budgeted to use 32 skeins of wool at on. All other materials are indirect. At the beginning of the year Xuan has an gallons of dye at cost of $22.620 Tarnet ending inventonofoland.de (Click the icon to view the additional information.) There is no direct manufacturing labor cost for dyeing Xuan budgets 70 direct manufacturin skein in the dyeing process Data Table and dollars. The following table presents the budgeted overhead costs for the dyeing and weaving cost pools: ortion of the direct tity and Dollars Dyeing (based on 1,520,000 MH) Weaving (based on 13,300,000 DMLH) Material Variable costs Indirect materials $ 0 $ Maintenance 6,550,000 7.540.000 15,350,000 5,530,000 3,300,000 Utilities 14 skeins Fixed costs Indirect labor Depreciation 337,000 2,112,000 713,000 1.665.000 260.000 5,815,000 Other 0 $ 17 252,000 $ 31,920,000 Total budgeted costs Print Done Clear All direct materials. One rug is budgeted to use 32 skeins of wool at (Click the icon to view the additional information.) er materials are indirect. At the beginning of the year Xuan has an dye at a cost of $22,620. Target ending inventory of wool and dye There is no direct manufacturing labor cost for dyeing Xuan budgets 70 direc $12 per hour. It budgets 0.25 machine-hours to dye each skein in the dyeing (Click the icon to view the budgeted overhead costs) Requirements - X ars. ne direct material Dollars 1. 2. 3. rial Dye 4. 5. Prepare a direct material usage budget in both units and dollars. Calculate the budgeted overhead allocation rates for weaving and dyeing Calculate the budgeted unit cost of a blue rug for the year Prepare a revenues budget for blue rugs for the year, assuming Xuan sells (a) 190,000 or (b) 180,000 blue rugs (that is, at two different sales levels). Calculate the budgeted cost of goods sold for blue rugs under each sales assumption Find the budgeted gross margin for blue rugs under each sales assumption What actions might you take as a manager to improve profitability if sales drop to 180,000 blue rugs? How might top management at Xuan use the budget developed in requirements 1-6 to better manage the company? 142,500 6. 7. 8. 22.620 Print Done Ronn Clear All