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Necesito ayuda! aqu le adjunto el documento para que lo vean y me ayuden P7-4 Sales, production, direct materials, direct labor, and factory overhead budgets

Necesito ayuda! aqu le adjunto el documento para que lo vean y me ayuden

image text in transcribed P7-4 Sales, production, direct materials, direct labor, and factory overhead budgets (similar to Self-Study Problem 1) Wicker Works Inc.'s budgeted unit sales for the year 2013 were: Tables.....................................................30,000 Chairs......................................................120,000 The budgeted selling price for tables was $175 per table, and it was $75 per chair. The beginning finished goods inventories were expected to be 1,000 tables and 4,000 chairs, for a total cost of $240,000, with desired ending inventories at 1,500 and6,000, respectively, with a total cost of $360,000. There was no anticipated beginning or ending work-in-process inventory for either item. The standard materials quantities for each item were as follows: Table Chair Rattan...................................................... 10yd 6yd Binding cane.............................................. 6yd 3yd The purchase prices of rattan and binding cane were $5 and$3 per yard, respectively. The desired ending inventories for rattan and binding cane were 51,000 and 25,500 yards, respectively. The estimated beginning inventories for rattan and bind-ing cane were 34,000 and 17,000 yards, respectively. The direct labor hours required for each type of item were as follows: Assembly Department Finishing Department Table...........................................0.50 0.25 Chair...........................................0.25 0.10 The direct labor rate for each department is as follows: Assembly Department $15 per hour Finishing Department$13 per hour Budgeted factory overhead costs for 2013 were as follows: Indirect materials..........................................$98,500 Indirect labor ..............................................132,200 Depreciation of building and equipment .................57,500 Power and light ...........................................92,200 Total .......................................................$380,400 Required: Prepare each of the following budgets for Wicker Works for the year ended 2013: 1.Sales budget. 2.Production budget. 3.Direct material budget. 4.Direct labor budget. 5.Factory overhead budget. 6.Cost of goods sold budget

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