Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Last time they only answered one part. Please answer the last 3 parts of the problem. thank you Scholastic Furniture, Inc., manufactures a variety of
Last time they only answered one part. Please answer the last 3 parts of the problem. thank you
Scholastic Furniture, Inc., manufactures a variety of desks, chairs, tables, and shelf units that are sold to public school systems throughout the Midwest. The controller of the company's Desk Division is currently preparing a budget for the second quarter of the year. The following sales forecast has been made by the division's sales managef. Each desk-and-chair set requires 10 board feet of pine planks and 1.5 hours of direct labor, Each set selis for $50. Pine planks cost. $0.50 per board foot, and the division ends each month with enough wood to cover 10 percent of the next month's production requirements. The division incurs a cost of $20 per hour for direct-labor wages and fringe benefits. The division ends each month with enough finished goods inventory to cover 20 percent of the next month's sales. Required: Complete the following budget schedules. 1. Sales budget. 2. Production budget (in sets). 3. Raw.material purchases. 4. Direct-abor budget Complete this question by entering your answers in the tabs below. Production budget (in sets): Complete this question by entering your answers in the tabs below. Raw-material purchases: (Round "Cost per board foot" to 2 decimal places.) enough finished-goods inventory to cover 20 percent of the Required: Complete the following budget schedules. 1. Sales budget. 2. Production budget (in sets). 3. Raw-material purchases. 4. Direct-labor budget. Complete this question by entering your answers in the tabs below. Direct-labor budget: (Round "Direct labor hours per set" to 1 decimal place.) Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started