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i need help with homework, please show work Use the following to answer question 34: Fudd Corporation manufactures high-strength widgets known as Fidgets. Fudd projects
i need help with homework, please show work
Use the following to answer question 34: Fudd Corporation manufactures high-strength widgets known as "Fidgets". Fudd projects the following unit sales of Fidgets for the upcoming 4-month period: 34. Fudd's policy is to have 10% of the next month's sales on hand at the end of each month as safety stock. The budgeted production for September is 53,000 fidgets Use the following to answer questions 35-36: Assume that Fudd expects to produce 50,000 fidgets for the month of September. The following standards have been established for the production of one fidget: Materials: 2 lbs. @ \$10 per lb. Labor: .5 hrs. @ \$8 per hr. 35. The master budget for September will show direct materials of $1,000,000 36. The master budget for September will show direct labor of $180,000. Use the following to answer questions 37-39: During the month of September, Fudd actually produced 45,000 fidgets as follows: Materials: Used 50,000 lbs. @ avg. cost of \$11 per lb. Labor: Used 24,000 hours at a total cost of $168,000 Use the following to answer questions 37-39: During the month of September, Fudd actually produced 45,000 fidgets as follows: Materials: Used 50,000 lbs. @ avg. cost of \$11 per lb. Labor: Used 24,000 hours at a total cost of $168,000 37. The direct materials flexible budget amount for 45,000 units is: 38. In words, this specifically means: (use the $ amount in your answer) 39. The direct-materials cost variance (flexible budget variance) isStep by Step Solution
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