Part C Compute the following amounts: (2 pts each) 1. What is total budgeted direct labor cost? 2. What is total budgeted variable overhead cost? 3. What is total budgeted fixed overhead cost? 4. What amount of fixed overhead cost will be applied to production? 5. What are total budgeted dollar sales? 6. What is total budgeted cost of goods sold? 7. What are the total budgeted selling and administrative costs? 8. What is the budgeted net income? 9. What is the budgeted ending balance (in dollars) of the raw materials inventory? 10. What is the budgeted ending balance (in dollars) of the finished goods inventory? Part D 1. What amount of fixed overhead cost will be applied to production for the year in 2020? (2 pt Part A Workpaper #1 1. PRODUCTION BUDGET 1 quarter 21 10,000 Unit Sales Plus units ending Total units needed Less beginning fg Units to be produced Quarter 1 7,000 2,700 9,700 2,100 7,600 Quarter 2 9,000 2,400 11,400 2,700 8,700 Quarter 3 8,000 3,300 11,300 2.400 8.900 Quarter 4 11,000 3,000 14,000 3,300 10,700 Total 35,000 3,000 38,000 2.100 35,900 Quarter 3 8,900 Quarter 4 Total 62.300 Worknaper #2 2. DIRECT MATERIALS PURCHASE BUDGET Quarter 1 Quarter 2 Units to be produced 7,600 8,700 x dm quantity standard x7 x7 Total dm required for prod 53,200 60.900 Plus ending rm inventory 15,225 Total dm needed 68,425 76,475 Less: beg rm inventory 13,300 15,225 DM purchases required 55,125 61,250 Cost per unit 6 Dm purchases cost 330,750 367,500 m 15,575 0 1 2 3 6 4 Part C Compute the following amounts: (2 pts each) 1. What is total budgeted direct labor cost? 2. What is total budgeted variable overhead cost? 3. What is total budgeted fixed overhead cost? 4. What amount of fixed overhead cost will be applied to production? 5. What are total budgeted dollar sales? 6. What is total budgeted cost of goods sold? 7. What are the total budgeted selling and administrative costs? 8. What is the budgeted net income? 9. What is the budgeted ending balance (in dollars) of the raw materials inventory? 10. What is the budgeted ending balance (in dollars) of the finished goods inventory? Part D 1. What amount of fixed overhead cost will be applied to production for the year in 2020? (2 pt Part A Workpaper #1 1. PRODUCTION BUDGET 1 quarter 21 10,000 Unit Sales Plus units ending Total units needed Less beginning fg Units to be produced Quarter 1 7,000 2,700 9,700 2,100 7,600 Quarter 2 9,000 2,400 11,400 2,700 8,700 Quarter 3 8,000 3,300 11,300 2.400 8.900 Quarter 4 11,000 3,000 14,000 3,300 10,700 Total 35,000 3,000 38,000 2.100 35,900 Quarter 3 8,900 Quarter 4 Total 62.300 Worknaper #2 2. DIRECT MATERIALS PURCHASE BUDGET Quarter 1 Quarter 2 Units to be produced 7,600 8,700 x dm quantity standard x7 x7 Total dm required for prod 53,200 60.900 Plus ending rm inventory 15,225 Total dm needed 68,425 76,475 Less: beg rm inventory 13,300 15,225 DM purchases required 55,125 61,250 Cost per unit 6 Dm purchases cost 330,750 367,500 m 15,575 0 1 2 3 6 4