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Manufacturing overhead is allocated at the rate of $22 per direct manufacturing labor-hour. Required: Based on the preceding projections and budget requirements for Accel Active

Manufacturing overhead is allocated at the rate of $22 per direct manufacturing labor-hour. Required: Based on the preceding projections and budget requirements for Accel Active and Accel Regular, prepare the following budgets for 2019:

  1. Revenues budget (in dollars)
  2. Production budget (in units)
  3. Direct materials purchases budget (in quantities)
  4. Direct materials purchases budget (in dollars)
  5. Direct manufacturing labor budget (in dollars)
  6. Direct manufacturing overhead budget (in dollars)
  7. Budgeted finished goods inventory at December 31, 2019 (in dollars)
  8. Cost of Goods Sold budget (in dollars)

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