Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

King610 units at $780 per unitPrince750 units at $550 per unitSouthern Domestic:King340 units at $780 per unitPrince440 units at $550 per unitInternational:King360 units at $850

King610 units at $780 per unitPrince750 units at $550 per unitSouthern Domestic:King340 units at $780 per unitPrince440 units at $550 per unitInternational:King360 units at $850 per unitPrince290 units at $600 per unitb. Estimated inventories at February 1:Direct materials:Fabric420 sq. yds.Wood580 linear ft.Filler250 cu. ft.Springs660 unitsFinished products:King90 unitsPrince25 unitsc. Desired inventories at February 28:Direct materials:Fabric390 sq. yds.Wood650 linear ft.Filler300 cu. ft.Springs540 unitsFinished products:King80 unitsPrince35 unitsd. Direct materials used in production:In manufacture of King:Fabric6.0 sq. yds. per unit of productWood38 linear ft. per unit of productFiller4.2 cu. ft. per unit of productSprings16 units per unit of productIn manufacture of Prince:Fabric4.0 sq. yds. per unit of productWood26 linear ft. per unit of productFiller3.4 cu. ft. per unit of productSprings12 units per unit of producte. Anticipated purchase price for direct materials:Fabric$12.00per sq. yd.Wood7.00per linear ft.Filler$3.00per cu. ft.Springs4.50per unitf. Direct labor requirements:King:Framing Department1.2 hrs. at $12 per hr.Cutting Department0.5 hr. at $14 per hr.Upholstery Department0.8 hr. at $15 per hr.Prince:Framing Department1.0 hr. at $12 per hr.Cutting Department0.4 hr. at $14 per hr.Upholstery Department0.6 hr. at $15 per hr.

image text in transcribed
e Anticipated purchase price for cirect material's 1 Direct labor requirements: c. Desired inventories at February 20 itmail Royal Furniture Company Direct Malini Parcfires Budget For the Morh Ending February 28 Direct Mortals Fabric Wood Springs (sq yds) Total [near It) Required units for production King 7800 V 40 400 5480 20,800 Prince 5960 38 740 5.065 V 1.880 Diand smemory, February 28 390 30 540 Total 14150 B8,780 10.825 39 220 Estimated inventory Fabnary : 120 X 250 X 30 X 70 X Unit price 450 Total incanharsh tobe punctured

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Managerial Accounting

Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan

4th Canadian edition

978-1259103261

More Books

Students also viewed these Accounting questions

Question

1. Administrative routines, such as taking attendance

Answered: 1 week ago