I'm double checking myself now. Please help! THANK YOU!
Thompson Inc. Direct Materials Purchases Budget For the Month of March Vool 47 Production Usage 560 48 Add: Target Ending Inventory 25 49 Total Requirements 585 50 Deduct: Beginning Inventory 51 Purchases 550 53 Cost Budget 54 Wool 55 Patches 56 Purchases 58 Part 5: Prepare a Direct Manufacturing Labor Budget Thompson Inc. Direct Manufacturing Labor Budget For the Month of March Labor Category 5 Manufacturing Labor Inits Producer DL Hours Per Unit Inits Produc Vage Rate Total 7 Part 6: Prepare a Manufacturing Overhead Budget Thompson Inc. Manufacturing Overhead Budget For the Month of March 73 Variable Manufacturing Overhead Costs 74 Fixed Manufacturing Overhead Costs 75 Total Manufacturing Overhead Costs 77 Part 7: Prepare an Ending Inventories Budget 78 Ch#6 Data Ch#6 Ch#7 Data Ch#7 Ch#8 Data Ch#8 ... + Ready 67 Part 6: Prepare a Manufacturing Overhead Budget 70 Thompson Inc. Manufacturing Overhead Budget For the Month of March 72 73 Variable Manufacturing Overhead Costs 74 Fixed Manufacturing Overhead Costs 75 Total Manufacturing Overhead Costs 77 Part 7: Prepare an Ending Inventories Budget 78 Thompson Inc. Ending Inventories Budget For the Month of March Units 83 Direct Materials 84 Wool 85 Patches ** Finished Goods 87 Total Ending Inventory Cost per Unit Total 89 Part 8: Prepare a COGS Budget Thompson Inc. COGS Budget For the Month of March 95 Beginning Finished Goods Inventory 03/01/2019 96 Direct Materials Used 97 Direct Manufacturing Labor 98 Manufacturing Overhead 99 Cost of Goods Available 100 Deduct Ending Inventory 101 COGS 102 103 Part 9: Prepare a Budgeted Income Statement. Thompson Inc. Budgeted Income Statement For the Month of March 107 109 Revenues 110 COGS 111 Gross Margin 112 Variable Marketing Costs 113 Fixed Selling and Administrative Costs 114 Net Operating Income Thompson Inc. makes blankets. The company has provided the following information. Please complete the master budget using the information provided. S 130 units 350 dollars 12 blankets 22 blankets $ S 120.00 per blanket 212.00 per blanket 4 yards 1 patches per blanket per blanket Expected Sales for March Expected Selling Price Beginning Finished Goods Inventory Desired Ending Finished Goods Inventory - Materials Requirements Wool Logo Patch 1 Direct Materials Inventory 2 Wool 03/01/2019 3 Logo Patches 03/01/2019 4 Wool 03/31/2019 Logo Patches 01/31/2019 5 Direct Manufacturing Labor 7 Variable Manufacturing Overhead 3 Fixed Manufacturing Costs 9 Budgeted Total Manufacturing Cost Per Unit o Variable Marketing Costs 1 Fixed Selling and Administrative Costs 2 FIFO Inventory Method 35 yards 45 patches 25 yards $ 25 patches 3 hours per blanket $ $ S $ 38 visits $ $ 9.00 per board blanket 7.00 per patch 10.00 per yard 7.00 per patch 27.00 per hour 16.00 per direct labor hour 14.640 66.00 120.00 per visit 4,500 m
