I have until Sunday for you to help.

Animal Transport Company makes two pet carriers, the Cat-allac and the Dog-eriffic. They are both made of plastic with metal doors, but the Cat-allac is smaller. Information for the two products for the month of April is given in the following tables: (Click the icon to view the information for the two products.) Animal Transport accounts for direct materials using a FIFO cost-flow assumption. 2(Click the icon to view the account information.) Animal Transport uses an activity-based costing system and classifies overhead into three activity pools: Setup, Processing, and Inspection. Activity rates for these activities are $120 per setup-hour, $10 per machine-hour, and $10 per inspection-hour, respectively. Other information follows: 3(Click the icon to view the other information.) Read the requirements Requirement 1. Prepare the revenues budget. Revenues Budget For the Month of April Units Selling price Total revenues Cat-allac 460 $ 210 Dog-eriffic 255 300 Total Requirement 2. Prepare the production budget in units. Production Budget (in Units) For the Month of April Cat-allac Dog-eriffic Budgeted units sales 40 20 Add target ending finished goods inventory Total required units Deduct beginning finished goods inventory 20 35 Units of finished goods to be produced Requirement 3. Prepare the direct material usage budget and direct material purchases budget. 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 For the Month of April Material Plastic Metal Total Physical Units Budget Direct materials required for Cat-allac lbs. lbs. Dog-errific lbs. lbs. Total quantity of direct material to be used lbs. Ibs. Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Plastic O Metal To be purchased this period Plastic Metal Direct materials to be used this period Now prepare the direct material purchases budget. Direct Materials Purchases Budget For the Month of April Materials Plastic Metal Total Physical Units Budget To be used in production lbs. Ibs 410 Ibs 55 lbs. Add target ending inventory Total requirement Deduct beginning inventory lbs. Ibs. 230 lbs 60 lbs. Purchases to be made lbs. lbs. Cost Budget Purchases Requirement 4. Prepare the direct manufacturing labor cost budget. Direct Manufacturing Labor Costs Budget For the Month of April Output units DMLH Total Hourly produced per unit hours wage rate Total Cat-allac 3 $ 12 Dog-eriffic 5 12 Total Requirement 5. Prepare the manufacturing overhead cost budgets for each of the three activities. Begin the manufacturing overhead cost budgets for each of the three activities by first calculating the total setup time. Cat-allac Dog-errific Total Units to be produced 20 1 10 Units per batch 7 Number of batches 1.25 hrs. Setup time per batch 2.25 hrs. Total setup time hrs. hrs. hrs. Next, calculate the budgeted cost for each activity. Begin by determining the formula, then calculating the amount. The first cost is budgeted machine setup costs. (1) X (2) = Budgeted machine setup costs Now determine the formula for budgeted processing costs, then calculate the cost. Budgeted (3) Budgeted (4) Budgeted processing costs + (5) ( ( + Next determine the formula, then calculate the last cost, budgeted inspection costs. (Round the hours to one decimal place.) Budgeted (6) Budgeted (7) Budgeted = inspection costs + ) x (8) + ( Now prepare the manufacturing overhead cost budgets for each of the three activities. Manufacturing Overhead Budget For the Month of April Machine setup costs Processing costs Inspection costs Total Requirement 6. Prepare the budgeted unit cost of ending finished goods inventory and ending inventories budget. First, prepare the budgeted unit cost of ending finished goods inventory. (Round the hours to four decimal places and the totals to two decimal places.) Unit Costs of Ending Finished Goods Inventory April 30 Product Cat-allac Dog-errific Cost per Input per Input per unit of unit of unit of input Total Total output 5 lbs. output 7 lbs. Plastic $ 6 Metal 5 0.5 lbs. 1 lb. Direct manufacturing labor 12 3 hrs. 5 hrs. Machine setup 120 hrs. hrs. Processing 10 12 MH 18 MH Inspection 10 hrs. hrs. Total Now prepare the ending inventories budget. (Enter costs per unit to the nearest cent and round your answers to the nearest whole dollar.) Ending Inventories Budget April 30 Quantity Cost per unit Total Direct materials Plastic 410 $ 6 Metal 55 5 Finished goods Cat-allac 40 Dog-errific 20 Total ending inventory Requirement 7. Prepare the cost of goods sold budget. Cost of Goods Sold Budget For the Month of April Beginning finished goods inventory, April 1 Direct materials used Direct manufacturing labor Manufacturing overhead Cost of goods manufactured Cost of goods available for sale Deduct ending finished goods inventory, April 30 Cost of goods sold Requirement 8. Prepare the nonmanufacturing costs budget. (Round your answers to the nearest whole dollar.) Nonmanufacturing Costs Budget For the Month of April Salaries Other fixed costs Sales commissions Total nonmanufacturing costs Requirement 9. Prepare the budgeted income statement (ignore income taxes). (Use parentheses or a minus sign for operating losses.) Budgeted Income Statement For the Month of April Revenues Cost of goods sold Gross margin Operating (nonmanufacturing) costs Operating income/(loss) Requirement 10. How does preparing the budget help Animal Transport's management team better manage the company? Preparing the budget helps Animal Transport's management team: (Select all that apply.) (10) (11) (12) 1: Product Information Input Prices Direct materials Plastic $ 6 per pound Metal $ 5 per pound Direct manufacturing labor $ 12 per direct manufacturing labor hour Input Quantities per Unit of Output Cat-allac Dog-eriffic Direct materials Plastic 5 pounds 7 pounds Metal 0.5 pounds 1 pound 3 hours 5 hours Direct manufacturing labor-hours (DMLH) Machine-hours (MH) 12 MH 18 MH Inventory Information, Direct Materials Plastic Metal 230 pounds 60 pounds Beginning inventory Target ending inventory Cost of beginning inventory 410 pounds 851 55 pounds 186 $ 2: Account Information Sales and Inventory Information, Finished Goods Cat-allac Dog-eriffic Expected sales in units 460 255 $ 210 $ 300 40 20 Selling price Target ending inventory in units Beginning inventory in units Beginning inventory in dollars 20 35 2,000 $ 6,510 Animal Transport uses a FIFO cost-flow assumption for finished-goods inventory 3: Other information Cost Driver Information Cat-allac Dog-errific Number of units per batch 20 10 Setup time per batch 1.25 hours 2.25 hours Inspection time per batch 0.5 hours 0.5 hour 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. 4: Requirements Prepare the following for April: 1. Revenues budget 2. Production budget in units 3. Direct material usage budget and direct material purchases budget Direct manufacturing labor cost budget 5. Manufacturing overhead cost budgets for each of the three activities 6. Budgeted unit cost of ending finished goods inventory and ending inventories budget 7. Cost of goods sold budget 8. Nonmanufacturing costs budget 9. Budgeted income statement (ignore income taxes) 10. How does preparing the budget help Animal Transport's management team better manage the company? (1) O Activity rate per inspection hr. O Activity rate per machine hr. Activity rate per setup hr. (2) O Total number of batches O Total setup time O Total units to be produced (3) O O inspection hrs.-Cat-allac O machine hrs.-Cat-allac setup hrs.-Cat-allac (5) Total setup time O inspection hrs.-Dog-errific O machine hrs.-Dog-errific setup hrs.-Dog-errific O Activity rate per inspection hr. Activity rate per machine hr. Activity rate per setup hr. (6) O inspection hrs.-Cat-allac O machine hrs.-Cat-allac O setup hrs.-Cat-allac (7) O O inspection hrs.-Dog-errific O machine hrs.-Dog-errific O setup hrs.-Dog-errific (8) O Total setup time Activity rate per inspection hr. Activity rate per machine hr. Activity rate per setup hr. (9) O O coordinate and communicate across different parts of the organization. create a framework for judging performance. O look for ways to increase efficiencies and reduce costs. look for ways to improve quality and efficiency while also increasing input prices. O manage costs based on revenues and production needs. O motivate managers and employees to increase inventory and achieve higher costs. (10) O O coordinate and communicate across different parts of the organization. O create a framework for judging performance, O look for ways to increase efficiencies and reduce costs. O look for ways to improve quality and efficiency while also increasing input prices. manage costs based on revenues and production needs. O motivate managers and employees to increase inventory and achieve higher costs. (11) coordinate and communicate across different parts of the organization. create a framework for judging performance. look for ways to increase efficiencies and reduce costs. look for ways to improve quality and efficiency while also increasing input prices. manage costs based on revenues and production needs. motivate managers and employees to increase inventory and achieve higher costs. (12) coordinate and communicate across different parts of the organization. create a framework for judging performance. look for ways to increase efficiencies and reduce costs. look for ways to improve quality and efficiency while also increasing input prices. manage costs based on revenues and production needs. motivate managers and employees to increase inventory and achieve higher costs. Animal Transport Company makes two pet carriers, the Cat-allac and the Dog-eriffic. They are both made of plastic with metal doors, but the Cat-allac is smaller. Information for the two products for the month of April is given in the following tables: (Click the icon to view the information for the two products.) Animal Transport accounts for direct materials using a FIFO cost-flow assumption. 2(Click the icon to view the account information.) Animal Transport uses an activity-based costing system and classifies overhead into three activity pools: Setup, Processing, and Inspection. Activity rates for these activities are $120 per setup-hour, $10 per machine-hour, and $10 per inspection-hour, respectively. Other information follows: 3(Click the icon to view the other information.) Read the requirements Requirement 1. Prepare the revenues budget. Revenues Budget For the Month of April Units Selling price Total revenues Cat-allac 460 $ 210 Dog-eriffic 255 300 Total Requirement 2. Prepare the production budget in units. Production Budget (in Units) For the Month of April Cat-allac Dog-eriffic Budgeted units sales 40 20 Add target ending finished goods inventory Total required units Deduct beginning finished goods inventory 20 35 Units of finished goods to be produced Requirement 3. Prepare the direct material usage budget and direct material purchases budget. 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 For the Month of April Material Plastic Metal Total Physical Units Budget Direct materials required for Cat-allac lbs. lbs. Dog-errific lbs. lbs. Total quantity of direct material to be used lbs. Ibs. Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Plastic O Metal To be purchased this period Plastic Metal Direct materials to be used this period Now prepare the direct material purchases budget. Direct Materials Purchases Budget For the Month of April Materials Plastic Metal Total Physical Units Budget To be used in production lbs. Ibs 410 Ibs 55 lbs. Add target ending inventory Total requirement Deduct beginning inventory lbs. Ibs. 230 lbs 60 lbs. Purchases to be made lbs. lbs. Cost Budget Purchases Requirement 4. Prepare the direct manufacturing labor cost budget. Direct Manufacturing Labor Costs Budget For the Month of April Output units DMLH Total Hourly produced per unit hours wage rate Total Cat-allac 3 $ 12 Dog-eriffic 5 12 Total Requirement 5. Prepare the manufacturing overhead cost budgets for each of the three activities. Begin the manufacturing overhead cost budgets for each of the three activities by first calculating the total setup time. Cat-allac Dog-errific Total Units to be produced 20 1 10 Units per batch 7 Number of batches 1.25 hrs. Setup time per batch 2.25 hrs. Total setup time hrs. hrs. hrs. Next, calculate the budgeted cost for each activity. Begin by determining the formula, then calculating the amount. The first cost is budgeted machine setup costs. (1) X (2) = Budgeted machine setup costs Now determine the formula for budgeted processing costs, then calculate the cost. Budgeted (3) Budgeted (4) Budgeted processing costs + (5) ( ( + Next determine the formula, then calculate the last cost, budgeted inspection costs. (Round the hours to one decimal place.) Budgeted (6) Budgeted (7) Budgeted = inspection costs + ) x (8) + ( Now prepare the manufacturing overhead cost budgets for each of the three activities. Manufacturing Overhead Budget For the Month of April Machine setup costs Processing costs Inspection costs Total Requirement 6. Prepare the budgeted unit cost of ending finished goods inventory and ending inventories budget. First, prepare the budgeted unit cost of ending finished goods inventory. (Round the hours to four decimal places and the totals to two decimal places.) Unit Costs of Ending Finished Goods Inventory April 30 Product Cat-allac Dog-errific Cost per Input per Input per unit of unit of unit of input Total Total output 5 lbs. output 7 lbs. Plastic $ 6 Metal 5 0.5 lbs. 1 lb. Direct manufacturing labor 12 3 hrs. 5 hrs. Machine setup 120 hrs. hrs. Processing 10 12 MH 18 MH Inspection 10 hrs. hrs. Total Now prepare the ending inventories budget. (Enter costs per unit to the nearest cent and round your answers to the nearest whole dollar.) Ending Inventories Budget April 30 Quantity Cost per unit Total Direct materials Plastic 410 $ 6 Metal 55 5 Finished goods Cat-allac 40 Dog-errific 20 Total ending inventory Requirement 7. Prepare the cost of goods sold budget. Cost of Goods Sold Budget For the Month of April Beginning finished goods inventory, April 1 Direct materials used Direct manufacturing labor Manufacturing overhead Cost of goods manufactured Cost of goods available for sale Deduct ending finished goods inventory, April 30 Cost of goods sold Requirement 8. Prepare the nonmanufacturing costs budget. (Round your answers to the nearest whole dollar.) Nonmanufacturing Costs Budget For the Month of April Salaries Other fixed costs Sales commissions Total nonmanufacturing costs Requirement 9. Prepare the budgeted income statement (ignore income taxes). (Use parentheses or a minus sign for operating losses.) Budgeted Income Statement For the Month of April Revenues Cost of goods sold Gross margin Operating (nonmanufacturing) costs Operating income/(loss) Requirement 10. How does preparing the budget help Animal Transport's management team better manage the company? Preparing the budget helps Animal Transport's management team: (Select all that apply.) (10) (11) (12) 1: Product Information Input Prices Direct materials Plastic $ 6 per pound Metal $ 5 per pound Direct manufacturing labor $ 12 per direct manufacturing labor hour Input Quantities per Unit of Output Cat-allac Dog-eriffic Direct materials Plastic 5 pounds 7 pounds Metal 0.5 pounds 1 pound 3 hours 5 hours Direct manufacturing labor-hours (DMLH) Machine-hours (MH) 12 MH 18 MH Inventory Information, Direct Materials Plastic Metal 230 pounds 60 pounds Beginning inventory Target ending inventory Cost of beginning inventory 410 pounds 851 55 pounds 186 $ 2: Account Information Sales and Inventory Information, Finished Goods Cat-allac Dog-eriffic Expected sales in units 460 255 $ 210 $ 300 40 20 Selling price Target ending inventory in units Beginning inventory in units Beginning inventory in dollars 20 35 2,000 $ 6,510 Animal Transport uses a FIFO cost-flow assumption for finished-goods inventory 3: Other information Cost Driver Information Cat-allac Dog-errific Number of units per batch 20 10 Setup time per batch 1.25 hours 2.25 hours Inspection time per batch 0.5 hours 0.5 hour 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. 4: Requirements Prepare the following for April: 1. Revenues budget 2. Production budget in units 3. Direct material usage budget and direct material purchases budget Direct manufacturing labor cost budget 5. Manufacturing overhead cost budgets for each of the three activities 6. Budgeted unit cost of ending finished goods inventory and ending inventories budget 7. Cost of goods sold budget 8. Nonmanufacturing costs budget 9. Budgeted income statement (ignore income taxes) 10. How does preparing the budget help Animal Transport's management team better manage the company? (1) O Activity rate per inspection hr. O Activity rate per machine hr. Activity rate per setup hr. (2) O Total number of batches O Total setup time O Total units to be produced (3) O O inspection hrs.-Cat-allac O machine hrs.-Cat-allac setup hrs.-Cat-allac (5) Total setup time O inspection hrs.-Dog-errific O machine hrs.-Dog-errific setup hrs.-Dog-errific O Activity rate per inspection hr. Activity rate per machine hr. Activity rate per setup hr. (6) O inspection hrs.-Cat-allac O machine hrs.-Cat-allac O setup hrs.-Cat-allac (7) O O inspection hrs.-Dog-errific O machine hrs.-Dog-errific O setup hrs.-Dog-errific (8) O Total setup time Activity rate per inspection hr. Activity rate per machine hr. Activity rate per setup hr. (9) O O coordinate and communicate across different parts of the organization. create a framework for judging performance. O look for ways to increase efficiencies and reduce costs. look for ways to improve quality and efficiency while also increasing input prices. O manage costs based on revenues and production needs. O motivate managers and employees to increase inventory and achieve higher costs. (10) O O coordinate and communicate across different parts of the organization. O create a framework for judging performance, O look for ways to increase efficiencies and reduce costs. O look for ways to improve quality and efficiency while also increasing input prices. manage costs based on revenues and production needs. O motivate managers and employees to increase inventory and achieve higher costs. (11) coordinate and communicate across different parts of the organization. create a framework for judging performance. look for ways to increase efficiencies and reduce costs. look for ways to improve quality and efficiency while also increasing input prices. manage costs based on revenues and production needs. motivate managers and employees to increase inventory and achieve higher costs. (12) coordinate and communicate across different parts of the organization. create a framework for judging performance. look for ways to increase efficiencies and reduce costs. look for ways to improve quality and efficiency while also increasing input prices. manage costs based on revenues and production needs. motivate managers and employees to increase inventory and achieve higher costs