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Need help with 5-8 please 31. Budgeting for Sales, Production, Direct Materiale, Direct Labor, and Manufacturing Overhead; Ethical Isues. Sanders Swimwear, Inc, produces swimsuits. The
Need help with 5-8 please
31. Budgeting for Sales, Production, Direct Materiale, Direct Labor, and Manufacturing Overhead; Ethical Isues. Sanders Swimwear, Inc, produces swimsuits. The following information is to be used for the operating budget this coming year. - Average sales poice for each swimsuit is estinated to be $50. Unit ules for this coming year ending December 31 are expected to be as folld Funt quarter 3,000 Second quarter 5,000 Third quarter 20,000 Fourth quarter 6,000 - Fimished goods zventory is maintained at a level equal to 10 percent of the next quarter's sales. - Finished goods mveatory at the end of the fourth quarter bodzet period is estimated to be 400 units. - Each unit of product requires 3 yards of direct materials, at a cost of S4 per yard. - Mamagement prefers to maintain ending raw materials inventory equal to 20 percent of next guarter's materials needed in production. - Raw materials imventory at the end of the fourth quarter budgec period is estimated to be 9,500 yards. - Each unit of product requires 0.5 direct labor hours at a cost of $12 per hour. - Variable manufacturing overhead coits are Indirect materiah 50.60 per unit Indirect labor $3.50 per unit Other $2.80per unit - Ficed manafacturing overhead costs per quarter are SalariesOtherDepreciation5$30,000$5,0009,310 Revuired: 1. Prepare a tales budzet 2. Prepare a production budget 3. Prepare a direct materaly prachases bodget 4. Prepare a direct labor buiget 5. Prepare a manufacturing overhead bodget 6 As the production mandzer, what concermb, if any, do you haye about production tequirements for each of the four quarten? 10. (P.10 are actualy part of 6 , but D2L wont let me set nid of tha ectra numberi) Step by Step Solution
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