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i need to solve only 4 and 5 but there is only 1 box to answer for each 4 and 5 Hazlett, Inc., operates at
i need to solve only 4 and 5 but there is only 1 box to answer for each 4 and 5
Hazlett, Inc., operates at capacity and makes plastic combs and hairbrushes. Although the combs and brushes are a matching set, they are sold individually and so the sales mix is not 1:1. Hazlett's management is planning its annual budget for fiscal year 2018. Hazlett accounts for direct materials and ending finished goods using a FIFO cost flow assumption. Here is information for 2018: Input Prices Direct Materials Plastic Bristes Direct Labor $0.35 per ounce S0.71 per bunch $14 per hour Combs Brushes 5.8 ounces Input Consumption Direct Materials Pastic Bristes Direct Labor Machine Hours (MH) 0.058 hour 0.024 MH 8.1 ounces 18 inches 0.21 hour 0.18 MH Inventory Beginning Inventory Target Ending Inventory Cost of Beginning Inventory Plastic 1.680 ounces 1.761 ounces $486 Bristles 1.810 bunches 2.282 bunches $1,119 Sales and Inventory Expected Sales in units Selling Price Target Ending Inventory in units Beginning Inventory in its Beginning Inventory in dollars Combs Brushes 12.00 14.100 99 $34 1.800 1.450 GOS 1.210 $2.700 $27.880 Combs are manufactured in batches of 200, and brushes are manufactured in batches of 100. It takes 28 minutes to set up for a batch of combs and 1 hour to set up for a batch of brushes. Hazlett uses activity-based costing and has classified all overhead costs as shown in the following table. Budgeted fixed overhead costs vary with capacity. Hazlett operates at capacity so budgeted fixed overhead cost per unit equals the budgeted fixed overhead costs divided by the budgeted quantities of the cost allocation base. Delivery trucks transport units sold in delivery sizes of 1,000 combs or 1,000 brushes. Manufacturing Cost Type Budgeted Variable Budgeted Fixed Material handling S18235 $22,100 Setup $10.445 $16,650 Processing $11,640 S000 Inspection $10.500 $1.510 Cost Driver Allocation Base Numbers of Ounces of plastic used Setup hours Machine hours Number of units produced Non-Manufacturing Cost Type Budgeted Variable Budgeted Fixed Marketing $24,150 $!0,000 Distribution $1,180 Cost Driver / Allocation Base Sales revente Number of deliveries Q-1) Calculate budgeted number of combs to be produced. Q-2) Calculate budgeted unit production cost of comb. Q-3) Calculate budgeted unit production cost of brush. Q-4) Calculate budgeted dollar cost of ending finished good inventory Q-5) Calculate budgeted cost of goods manufactured
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