Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribedimage text in transcribedimage text in transcribed

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.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Surviving A HIPAA Audit Learning The Art Of Compliance

Authors: Dave Sweigert

1st Edition

1507617453, 978-1507617458

More Books

Students also viewed these Accounting questions