Managerial Accounting

Firelight Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year 2021. (Click the icon to view the information.) Calculate (1) the budgeted unit costs of ending finished-goods inventory on December312021(label it Schedule 6A) and (2) the ending inventories budget on December312021 (label it Schedule 6B). (1). Calculate the budgeted unit costs Of ending finished-goods inventory on December 31 , 2021 (label it Schedule 6A). (Round all dollar amounts to the nearest cent. Enter all input per unit of output amounts for direct manufa labour to two decimal places, and machine setup overhead to three decimal places.) Schedule GA: unit Costs of Ending Finished-Goods Inventory Product . Calculate the ending inventories budget on December 31, 2021 (label it Schedule 6B). (Enter cost per unit a Schedule 6B: Ending Inventories Budget December 31, 2021 Total Information Target ending inventory in units Direct materials Metal Fabric Direct manufacturing labour Machine setup overhead Content of Each Product Unit Metal Fabric Direct manufacturing labour Machine setup overhead (2) Product Cost per unit of input Metal Fabric Direct manufacturing labour Machine setup overhead Total December 31, 2021 Kn ox Input per unit of output hrs. Tota I Product Ayer Input per unit of output hrs. Knox 1 ,600 Ayer 600 Quantity Cost per unit Total Metal Fabric Direct manufacturing labour Machine setup overhead Target ending inventory print Knox 5 kilograms I metre 0.05 hours 0.02 hours Ayer 6 kilograms 2 metres 0.15 hours O. 12 hours 2 per kilogram (same as in 2020) 3 per metre (same as in 2020) 13 per hour 100 per hour Product Direct materials Metal Fabric Finished goods Knox Ayer Total ending inventory Direct Materials Metal 8,000 kilograms Done Fabric 3,000 metres (2). Calculate the ending inventories budget on December 31, 2021 (label it Schedule 6B). (Enter cost per unit amounts Schedule 6B: Ending Inventories Budget December 31, 2021 Quantity Cost per unit Total Direct materials Knox 5 kilograms 1 metre 0.05 hours 0.02 hours Ayer 6 kilograms 2 metres 0.15 hours 0.12 hours