Magnity Corporation Manutectures and sells two types of decorative lamps, Knox and Ayer. It expects to manufacture 21,000 Knox lamps and 6,000 Ayer lamps in 2017. The following data are available for the year 2017 (Click the icon to view the information) B (Click the icon to view the December 31, 2017 production budget in units.) Calculate la) the direct materials usage budget in quantity and dollars (label it Schedule 34); (b) the drect materials purchase budget in quantity and collars (label it Schedule 3B); and (c) the direct manufacturing labor costs budget (label it Schedule 4) for the year ending December 31, 2017 (a). Begin by calculating the direct material usage budget in quantity and then in dollars (label it Schedule 3A) for the year ending December 31, 2017. Data Table Schedule 3A: Direct Material Usage Budget in Quantity and Dollars for the Year Ending December 31, 2017 Direct materials Material Data Table Melai Metal Fabric Total Fabric $ $ 2 per pound (same as in 2016) $ 3 per yard (same as in 2016) $ 21 par hour Direct manufacturing labor Physical Units Budget Direct materials required for Knox lamps Direct materials required for Ayer langs Ibe. be yards yards Content of Each Product Unit Ayer Product 158. yards Knox Schedule 2: Production Budget (In Units) for the Year Ending December 31, 2017 Know Budgeted unis sales 22,700 Add largel ending finished goods inventory 1,700 Talal required units 24,400 Deduct beginning linished goods inventory 3,400 21,000 Units of finished goods to be produced 6,000 700 Ayer 4 pounds 3 pounds Total quantity of direct materials to be used Cost Budget Available from beginning direct materials inventory (under a FIFO Cast-flow assumption) ma Metal Fabric To be purchased and used this period Metal 1 yard 6,700 7010 Melal Fabric Direct manufacturing labor 3 yards 0.2 hours 0.05 hours 6.000 Direct Materials Fabric Print Done Metal 18,000 pounds 16,000 pounds 8.000 yards Beginning inventory Target ending inventory Fabric 6.000 yards Print Done Direct materials to be used this period (b). Calculate the direct materials purchase budget in quantity and dollars (label it Schedule 3B) for the year ending December 31, 2017. Schedule 3B: Direct Material Purchases Budget for the Year Ending December 31, 2017 Materials Enter any number in the edit fields and then continue to the next question. Magnify Corporation manufactures and selstwo types of decorative lamps, Knox and Ayer. It expects to manufacture 21,000 Knox lamps and 8,000 Ayar lamps in 2017. The following data are available for the year 2017 (Click the icon to view the information.) (Click the icon to view the December 31, 2017 production budget in unite. 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 butiget (label it Schedule 4) for the year ending December 31, 2017 Direct materiale to be used this period i Data Table (b). Calculate the direct materials purchase budget in quantity and dollars (label in Schedule 3B) for the year ending December 31, 2017. Schedule 3B: Direct Material Purchases Budget i Data Table for the Year Ending December 31, 2017 Materials Direct materials Metal s 2 per pound (same as in 2016) s 3 per yard same 98 in 2016) S 21 per hour Metal Fabric Fabric Direct manufacturing labor Total Schedule 2: Production Budget (in Unite) for the Year Ending December 31, 2017 lbs. yards Content of Each Product Unit Knox Ayer Product lbs. yards yards Ibs. 6,000 700 Knox Physical Units Budget To be used in production Add targat ending inventory Total requirements Deduct beginning inventory Purchases to be made Cost Budget Melal Fabric Ayer 4 pounds lbs . Metal yards Budgeted units sales Add target ending finished goods inventory Tolal required units Deduct beginning finished goods inventory Units of finished goods to be produced 22,700 1,700 24,400 3,400 21,000 6.700 3 pounds 1 yard 0.05 hours Ibs. yards Fabric Direct manufacturing labor 700 3 yards 0.2 hours 6,000 Print Done Direct Materials Metal Fabric 18,000 pounds 8.000 yards 16,000 pounds 6.000 yards Direct materials to be purchased this period Aeginning inventory Target ending inventory Print Done (c). Calculate the direct manufacturing latar costs budget (Label it Schedule 4) for the year ending December 31, 2017. (Enter the DMLH per unit to two decimal places. Abbreviations used: DMLH = Schedule 4: Direct Manufacturing Labor Costs Budget for the Year Ending December 31, 2017 Output units DMLH Total Hourly produced per unit hours wage rate Total Knox | (c). Calculate the direct manufacturing labor costs budget (label it Schedule 4) for the year ending December 31, 2017. (Enter the DMLH per unit to two decimal places. Abbreviations used: DMLH = Direct manufacturing labor-hours.) Schedule 4: Direct Manufacturing Labor Costs Budget for the Year Ending December 31, 2017 Output units DMLH Total Hourly produced hours per unit wage rate Total Knox Ayer Total Magnity Corporation Manutectures and sells two types of decorative lamps, Knox and Ayer. It expects to manufacture 21,000 Knox lamps and 6,000 Ayer lamps in 2017. The following data are available for the year 2017 (Click the icon to view the information) B (Click the icon to view the December 31, 2017 production budget in units.) Calculate la) the direct materials usage budget in quantity and dollars (label it Schedule 34); (b) the drect materials purchase budget in quantity and collars (label it Schedule 3B); and (c) the direct manufacturing labor costs budget (label it Schedule 4) for the year ending December 31, 2017 (a). Begin by calculating the direct material usage budget in quantity and then in dollars (label it Schedule 3A) for the year ending December 31, 2017. Data Table Schedule 3A: Direct Material Usage Budget in Quantity and Dollars for the Year Ending December 31, 2017 Direct materials Material Data Table Melai Metal Fabric Total Fabric $ $ 2 per pound (same as in 2016) $ 3 per yard (same as in 2016) $ 21 par hour Direct manufacturing labor Physical Units Budget Direct materials required for Knox lamps Direct materials required for Ayer langs Ibe. be yards yards Content of Each Product Unit Ayer Product 158. yards Knox Schedule 2: Production Budget (In Units) for the Year Ending December 31, 2017 Know Budgeted unis sales 22,700 Add largel ending finished goods inventory 1,700 Talal required units 24,400 Deduct beginning linished goods inventory 3,400 21,000 Units of finished goods to be produced 6,000 700 Ayer 4 pounds 3 pounds Total quantity of direct materials to be used Cost Budget Available from beginning direct materials inventory (under a FIFO Cast-flow assumption) ma Metal Fabric To be purchased and used this period Metal 1 yard 6,700 7010 Melal Fabric Direct manufacturing labor 3 yards 0.2 hours 0.05 hours 6.000 Direct Materials Fabric Print Done Metal 18,000 pounds 16,000 pounds 8.000 yards Beginning inventory Target ending inventory Fabric 6.000 yards Print Done Direct materials to be used this period (b). Calculate the direct materials purchase budget in quantity and dollars (label it Schedule 3B) for the year ending December 31, 2017. Schedule 3B: Direct Material Purchases Budget for the Year Ending December 31, 2017 Materials Enter any number in the edit fields and then continue to the next question. Magnify Corporation manufactures and selstwo types of decorative lamps, Knox and Ayer. It expects to manufacture 21,000 Knox lamps and 8,000 Ayar lamps in 2017. The following data are available for the year 2017 (Click the icon to view the information.) (Click the icon to view the December 31, 2017 production budget in unite. 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 butiget (label it Schedule 4) for the year ending December 31, 2017 Direct materiale to be used this period i Data Table (b). Calculate the direct materials purchase budget in quantity and dollars (label in Schedule 3B) for the year ending December 31, 2017. Schedule 3B: Direct Material Purchases Budget i Data Table for the Year Ending December 31, 2017 Materials Direct materials Metal s 2 per pound (same as in 2016) s 3 per yard same 98 in 2016) S 21 per hour Metal Fabric Fabric Direct manufacturing labor Total Schedule 2: Production Budget (in Unite) for the Year Ending December 31, 2017 lbs. yards Content of Each Product Unit Knox Ayer Product lbs. yards yards Ibs. 6,000 700 Knox Physical Units Budget To be used in production Add targat ending inventory Total requirements Deduct beginning inventory Purchases to be made Cost Budget Melal Fabric Ayer 4 pounds lbs . Metal yards Budgeted units sales Add target ending finished goods inventory Tolal required units Deduct beginning finished goods inventory Units of finished goods to be produced 22,700 1,700 24,400 3,400 21,000 6.700 3 pounds 1 yard 0.05 hours Ibs. yards Fabric Direct manufacturing labor 700 3 yards 0.2 hours 6,000 Print Done Direct Materials Metal Fabric 18,000 pounds 8.000 yards 16,000 pounds 6.000 yards Direct materials to be purchased this period Aeginning inventory Target ending inventory Print Done (c). Calculate the direct manufacturing latar costs budget (Label it Schedule 4) for the year ending December 31, 2017. (Enter the DMLH per unit to two decimal places. Abbreviations used: DMLH = Schedule 4: Direct Manufacturing Labor Costs Budget for the Year Ending December 31, 2017 Output units DMLH Total Hourly produced per unit hours wage rate Total Knox | (c). Calculate the direct manufacturing labor costs budget (label it Schedule 4) for the year ending December 31, 2017. (Enter the DMLH per unit to two decimal places. Abbreviations used: DMLH = Direct manufacturing labor-hours.) Schedule 4: Direct Manufacturing Labor Costs Budget for the Year Ending December 31, 2017 Output units DMLH Total Hourly produced hours per unit wage rate Total Knox Ayer Total