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Ornamental Sculptures Mfg. manufactures garden sculptures. Each sculpture requires 9 pounds of direct materials at a cost of $2 per pound and 0.4 direct labor
Ornamental Sculptures Mfg. manufactures garden sculptures. Each sculpture requires 9 pounds of direct materials at a cost of $2 per pound and 0.4 direct labor hours at a rate of $12 per hour. Variable manufacturing overhead is charged at a rate of $2 per direct labor hour, Fixed manufacturing overhead is $3100 per month. The company's policy is to maintain direct materials inventory equal to 30% of the next month's materials requirement. At the end of March the company had 5,780 pounds of direct materials in inventory. The company's production budget reports the following Production Budget Units to be produced March 3,600 April 5,100 May 4,800 (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and April (3) Prepare factory overhead budgets for March and April Complete this question by entering your answers in the tabs below Required 1Required 2 Required3 Prepare direct materials budgets for March and April ORNAMENTAL SCULPTURES MFG Direct Materials Budget For the Months of March and April March April Budgeted production (units) Materials requirements per unit (Ibs.) Materials needed for production (Ibs.) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Budgeted beginnin Materials to be purchased (lbs.) Direct material cost per lb Total budgeted direct material:s g inventory (Ibs.)
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