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Just need help with the last part. Thanks Requirement 1. Prepare the following budgets. a. Prepare the revenues budget. b. Prepare the production budget in
Just need help with the last part. Thanks
Requirement 1. Prepare the following budgets. a. Prepare the revenues budget. b. Prepare the production budget in units. Production Budget For the Month of March c. 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. (For amounts with a zero balance, make sure to enter "0" in the appropriate cell.) Direct Material Usage Budget in Quantity and Dollars Direct Materials Target Ending Direct Materials Inventory, March 31. 2020 HW Score: 3.18%,3.18 of 100 points Points: 0 of 40 hg overhead (both variable and fixed) is allocated to each blanket on the basis of ect manufacturing labor-hours per blanket. Manufacturing Overhead Information The budgeted variable manufacturing overhead rate for March 2020 is $17 per direct manufacturing labor-hour. The budgeted fixed manufacturing overhead for March 2020 is $14,625. Both variable and fixed manufacturing overhead costs are allocated to each unit of finished goods. Finished Goods Inventory Data relating to finished goods inventory for March 2020 are as follows: Total revenues Direct-Cost Inputs Unit cost data for direct-cost inputs pertainina to February 2020 and March 2020 are as follows: Sales and Other Information Budgeted sales for March 2020 are 140 units of the Broncos blankets and 195 units of the Rams blankets. The budgeted selling prices per unit in March 2020 are $305 for the Broncos blankets and $378 for the Rams blankets. Assume the following in your answer; - Work-in-process inventories are negligible and ignored. - Direct materials inventory and finished goods inventory are costed using the FIFO method. - Unit costs of direct materials purchased and finished goods are constant in March 2020. Budgeted Direct-Cost Inputs The budgeted direct-cost inputs for each product in 2020 are as follows: Physical Units Budget Direct materials required for \begin{tabular}{|c|c|c|c|} \hline Broncos & 750 yds. & 0 yds. & 150 \\ \hline Rams & 0 yds. & 1,230 yds. & 0 \\ \hline Total quantity of direct material to be used & 750 yds. & 1,230yds. & 150 \\ \hline \end{tabular} Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Broncos Rams To be purchased this period Broncos Rams Direct materials to be used this period \begin{tabular}{|r|} \hline 750 \\ \hline 30 \\ \hline \end{tabular} \begin{tabular}{r|} \hline 780 \\ \hline 40 \\ \hline 8140 \\ \hline \hline \end{tabular} \begin{tabular}{|r|} \hline 150 \\ \hline 30 \\ \hline \end{tabular} \begin{tabular}{r} 180 \\ \hline 50 \\ \hline 1040 \\ \hline \hline \end{tabular} \begin{tabular}{r} 235 \\ \hline65 \\ \hline 1530 \\ \hline \hline \end{tabular}
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