Maha & Mabos (M&M Water Company manufacture and sell water skies. In 2020 the management accountant gathered the following data to prepare 2021 budget Materials and Labor requirements: Direct Materials RI R2 10 board feet per board 12 yards per board Direct Labor 10 hours per board M&M CEO expects to sell 2,000 boards during the 2021 at an estimated retail price of 5900 per board The CBO expect 2021 beginning inventory of 200 boards and would like to end the 2021 with 400 boards. Direct Materials inventories Beginning Inventory 1/1/2021 Fodior Inventory 12/31/2021 RI 4.000 3,000 br R2 2,000 yards 4,000 yards Variables manufacturing overhead is 514 per direct labor hour. There are also 5132,000 is fixed overhead cost budgeted for 2018. Ramsha combine both variables and fixed costs into a single mite based on direct manufacturing labor hun. Variable marketing costs are allocated at the rate of $500 per sales visit. The marketing plan calls for 30 sales visit during 2021. Finally, there are 560,000 in fixed manufacturing costs budgeted for 2021 Other costs included the following: 22 202 Brise RI $5 per br $60 R 7 R2 $9.60 per yard $10,00 per yard Direct Labor 34.00 per 550.00 per hour The inventoriable unit cost of ending finished goods inventory on 12/31/20205749.60, Astume Ramtha uses FIFO inventory method for both materials and finished goods 9. Prepare the 2031 production budget in unit 10. Prepare the direct materials budget for 2021 11 M&M Water Company collects 20% of a month sales in the month of sale, 70% in the mouth following uale, and in the second month following sale. The remainder is uncollectible Budgeted sales for the next four month Tuary February March April Budgeted sale 1200,000 $300.000 $150.000 150.000 Cuh collections in April bodgeted to be +7 Words English (US) MacBoo Maha & Mabos (M&M Water Company manufacture and sell water skies. In 2020 the management accountant gathered the following data to prepare 2021 budget Materials and Labor requirements: Direct Materials RI R2 10 board feet per board 12 yards per board Direct Labor 10 hours per board M&M CEO expects to sell 2,000 boards during the 2021 at an estimated retail price of 5900 per board The CBO expect 2021 beginning inventory of 200 boards and would like to end the 2021 with 400 boards. Direct Materials inventories Beginning Inventory 1/1/2021 Fodior Inventory 12/31/2021 RI 4.000 3,000 br R2 2,000 yards 4,000 yards Variables manufacturing overhead is 514 per direct labor hour. There are also 5132,000 is fixed overhead cost budgeted for 2018. Ramsha combine both variables and fixed costs into a single mite based on direct manufacturing labor hun. Variable marketing costs are allocated at the rate of $500 per sales visit. The marketing plan calls for 30 sales visit during 2021. Finally, there are 560,000 in fixed manufacturing costs budgeted for 2021 Other costs included the following: 22 202 Brise RI $5 per br $60 R 7 R2 $9.60 per yard $10,00 per yard Direct Labor 34.00 per 550.00 per hour The inventoriable unit cost of ending finished goods inventory on 12/31/20205749.60, Astume Ramtha uses FIFO inventory method for both materials and finished goods 9. Prepare the 2031 production budget in unit 10. Prepare the direct materials budget for 2021 11 M&M Water Company collects 20% of a month sales in the month of sale, 70% in the mouth following uale, and in the second month following sale. The remainder is uncollectible Budgeted sales for the next four month Tuary February March April Budgeted sale 1200,000 $300.000 $150.000 150.000 Cuh collections in April bodgeted to be +7 Words English (US) MacBoo
