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Magnify Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year 2017 Click the icon

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Magnify Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year 2017 Click the icon to view the information.) Calculate (1) the budgeted unit costs of ending finished-goods inventory on December 31, 2017 (label it Schedule 6A) and (2) the ending inventories budget on December 31, 2017 (label it Schedule 6B). (1). Calculate the budgeted unit costs of ending finished-goods inventory on December 31, 2017 (label it Schedule 6A). (Round all dollar amounts to the nearest cent. Enter all input per unit of output amounts for direct manufacturing labor to two decimal places, and machine setup overhead to three decimal places.) Schedule 6A: Unit Costs of Ending Finished Goods-Inventory December 31, 2017 Product Knox Cost per Input per Ayer Input per unit of unit of unit of input output Total Total output 5 lbs Metal 2 4 lbs. $ 8.00 $ 10.00 Fabric 3 1 yard 3.00 2 yards 6.00 13 0.1 hrs. 0.15 hrs 1.95 Direct manufacturing labor Machine setup overhead 1.30 1.00 100 0.01 hrs. 0.024 hrs. 2.40 $ 13.30 $ 20.35 Total i Data Table -X Product Knox Ayer Target ending inventory in units 1,500 500 Direct materials Metal Fabric Direct manufacturing labor Machine setup overhead $ 2 per pound (same as in 2016) $ 3 per yard (same as in 2016) $ 13 per hour $ 100 per hour Content of Each Product Unit Metal Product Knox Ayer 4 pounds 5 pounds 1 yard 2 yards 0.1 hours 0.15 hours 0.01 hours 0.024 hours Fabric Direct manufacturing labor Machine setup overhead Print Done (2). Calculate the ending inventories budget on December 31, 2017 (label it Schedule 6B). (Enter cost per unit amounts to the nearest cent.) Schedule 6B: Ending Inventories Budget December 31, 2017 Quantity Cost per unit Total Direct materials Metal Fabric part 2 only Finished goods Knox Ayer Total ending inventory

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