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Jimenez Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. It expects to manufacture 20,000 Knox lamps and 10,000 Ayer lamps in
Jimenez Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. It expects to manufacture 20,000 Knox lamps and 10,000 Ayer lamps in 2017. 6-2 The following data are available for the year 2017. Direct materials Metal Fabric S 3 per pound (same as in 2016) s 4 per yard (same as in 2016) $20 per hour Direct manufacturing labor Content of Each Product Unit Product Knox 2 pounds 1 yard Ayer Metal Fabric Direct manufacturing labor 3 pounds 1.5 yards 0.2 hours 0.15 hours Direct Materials Beginning inventory Target ending inventory Metal 12,000 pounds 10,000 pounds Fabric 7,000 yards 5,000 yards Calculate (a) the direct materials usage budget in quantity and dollars (label it Schedule 3A); (b) the direct materials purchase budget in quantity and dollars (label it Schedule 3B); and (c) the direct manufacturing labor costs budget (label it Schedule 4) for the year ending December 31, 2017
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