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P 1 . Coyote Inc. is preparing its annual budgets for the year ending December 3 1 , 2 0 2 4 . Accounting assistants
P Coyote Inc. is preparing its annual budgets for the year ending December Accounting assistants furnish the data shown below.
Sales budget:
Anticipated volume in units of finished good: units in the first quarter with units increase in each succeeding quarter.
Unit selling price $
Production budget:
Desired ending finished goods units: of next quarter's slaes
Expected the first quarter of sales:
units
Direct materials budget:
Direct materials per unit of finished good
pounds
Desired ending inventory of direct materials: of the next quarter's production requirement
Beginning direct materials pounds pound
Cost per pound of materials
$
Direct labor budget:
Direct labor time per unit of finished good
hour
Direct labor rate per hour
$
Manufaccturing overhead budget :
Variable MOH :
Indirect materials per direct labor hour:
$
Indirect labor per direct labor hour:
Others per direct labor hour:
Fixed MOH
Rents:
$
$
Salaries:
$
$
Instructions: Prepare budgets for sales, production, direct materials, direct labor, and MOH for each quarter and the entire year
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