Budget xU/map/index.html?_con=con external browser-Odaunchuelhttps%253A%25 M from X newcomest meducation.com/testing work Melo Required information Problem 20-1A Manufacturing: Preparing production and manufacturing budgets LO P1 The following information applies to the questions displayed below) Black Diamond Company produces snow skls. Each skl requires 2 pounds of carbon fiber. The company's management predicts that 5,600 skis and 6,600 pounds of carbon fiber will be in inventory on June 30 of the current year and that 156,000 skis will be sold during the next (third quarter. A set of two skis sells for $360 Management wants to end the third quarter with 4.100 skis and 4,600 pounds of carbon fiber in inventory Carbon fiber can be purchased for 521 per pound. Each ski requires 0.5 hours of direct labor at $26 per hour. Varlable overhead is applied at the rate of $4 per direct labor hout. The company budgets fixed overhead of $1788,000 for the quarter, Problem 20-1A Part 1 Required: 1. Prepare the third quarter production budget for skis. Current year and that wo skis sells for $360, Management wants to end the 600 pounds of carbon fiber in inventory. Carbon fiber can be purchased for $21 per pound. Each ski requires 0.5 hours of direct labor at $26 per hour. Variable overhead is applied at the rate of 514 per direct labor hour. The company budgets fixed overhead of $1788,000 for the quarter 09 Problem 20-1A Part 1 Required: 1. Prepare the third-quarter production budget for skis, BLACK DIAMOND COMPANY Production Budget (in units) Third Quarter ces Required units of available production Units to be manufactured gement wants to end the Hiber In inventory. Carbon fiber can be purchased for $21 per Tuquires 0.5 hours of direct labor at $26 per hour. Variable overhead is applied at the rate of $14 per direct labor hour. The company budgets fixed overhead of $1.788,000 for the quarter 00:54:55 Problem 20-1A Part 2 BOOK 2. Prepare the third-quarter direct materials (carbon fiber) budget include the dollar cost of purchases Print BLACK DIAMOND COMPANY Direct Materials Budget Third Quarter Heferences Budgeted production Materials needed for production (lbs) Total materials requirements (is) Direct materials to be purchased (s) Budgeted cost of direct materials purchases 10 DU MAS purchased for $21 per dur. Variable overhead is applied at the rate of $14 per Company budgets fixed overhead of $1,788,000 for the quarter 45 Problem 20-1A Part 3 3. Prepare the direct labor budget for the third quarter BLACK DIAMOND COMPANY Direct Labor Budget Third Quarter ces Units to be produced Total labor hours needed Budgeted direct labor cost 2 pounds of carbon fiber. The company's management unds of carbon fiber will be in inventory on June 30 of the current year and that will be sold during the next (third quarter. A set of two skis sells for $360. Management wants to end the third quarter with 4.100 skis and 4,600 pounds of carbon fiber in inventory. Carbon fiber can be purchased for $21 per pound. Each ski requires 0.5 hours of direct labor at $26 per hout Variable overhead is applied at the rate of 5 per direct labor hour. The company budgets fixed overhead of $1788,000 for the quarter 5434 Problem 20-1A Part 4 . ok 4. Prepare the factory overhead budget for the third quarter. BLACK DIAMOND COMPANY Factory Overhead Budget Third Quarter Total labor hours needed ances Budget xU/map/index.html?_con=con external browser-Odaunchuelhttps%253A%25 M from X newcomest meducation.com/testing work Melo Required information Problem 20-1A Manufacturing: Preparing production and manufacturing budgets LO P1 The following information applies to the questions displayed below) Black Diamond Company produces snow skls. Each skl requires 2 pounds of carbon fiber. The company's management predicts that 5,600 skis and 6,600 pounds of carbon fiber will be in inventory on June 30 of the current year and that 156,000 skis will be sold during the next (third quarter. A set of two skis sells for $360 Management wants to end the third quarter with 4.100 skis and 4,600 pounds of carbon fiber in inventory Carbon fiber can be purchased for 521 per pound. Each ski requires 0.5 hours of direct labor at $26 per hour. Varlable overhead is applied at the rate of $4 per direct labor hout. The company budgets fixed overhead of $1788,000 for the quarter, Problem 20-1A Part 1 Required: 1. Prepare the third quarter production budget for skis. Current year and that wo skis sells for $360, Management wants to end the 600 pounds of carbon fiber in inventory. Carbon fiber can be purchased for $21 per pound. Each ski requires 0.5 hours of direct labor at $26 per hour. Variable overhead is applied at the rate of 514 per direct labor hour. The company budgets fixed overhead of $1788,000 for the quarter 09 Problem 20-1A Part 1 Required: 1. Prepare the third-quarter production budget for skis, BLACK DIAMOND COMPANY Production Budget (in units) Third Quarter ces Required units of available production Units to be manufactured gement wants to end the Hiber In inventory. Carbon fiber can be purchased for $21 per Tuquires 0.5 hours of direct labor at $26 per hour. Variable overhead is applied at the rate of $14 per direct labor hour. The company budgets fixed overhead of $1.788,000 for the quarter 00:54:55 Problem 20-1A Part 2 BOOK 2. Prepare the third-quarter direct materials (carbon fiber) budget include the dollar cost of purchases Print BLACK DIAMOND COMPANY Direct Materials Budget Third Quarter Heferences Budgeted production Materials needed for production (lbs) Total materials requirements (is) Direct materials to be purchased (s) Budgeted cost of direct materials purchases 10 DU MAS purchased for $21 per dur. Variable overhead is applied at the rate of $14 per Company budgets fixed overhead of $1,788,000 for the quarter 45 Problem 20-1A Part 3 3. Prepare the direct labor budget for the third quarter BLACK DIAMOND COMPANY Direct Labor Budget Third Quarter ces Units to be produced Total labor hours needed Budgeted direct labor cost 2 pounds of carbon fiber. The company's management unds of carbon fiber will be in inventory on June 30 of the current year and that will be sold during the next (third quarter. A set of two skis sells for $360. Management wants to end the third quarter with 4.100 skis and 4,600 pounds of carbon fiber in inventory. Carbon fiber can be purchased for $21 per pound. Each ski requires 0.5 hours of direct labor at $26 per hout Variable overhead is applied at the rate of 5 per direct labor hour. The company budgets fixed overhead of $1788,000 for the quarter 5434 Problem 20-1A Part 4 . ok 4. Prepare the factory overhead budget for the third quarter. BLACK DIAMOND COMPANY Factory Overhead Budget Third Quarter Total labor hours needed ances
