Picture 2 Please explain and how to get all numbers
Score: 0.03 of 1 pt 2 of 5 (5 complete) HW Score: 80.61%, 4.03 of 5 pts W E6-27 (similar to) Question Help o Xin Manufacturing Company manufactures blue rugs, using wool and dye as direct materials. One rug is budgeted to use 35 skeins of wool at a cost of S6 per skein and 0.8 gallons of dye at a cost of $10 per gallon. All other materials are indirect. Al the beginning of the year Xin has an inventory of 466.000 skeins of wool at a cost of $1,165.000 and 4,400 gallons of dye at a cost of $27,280. Target ending inventory of wool and dye is zero. Xin uses the FIFO inventory cost flow method. (Click the loon to view the additional information.) There is no direct manufacturing labor cost for dyeing. Xin budgets 50 direct manufacturing labor-hours to weave a rug at a budgeted rate of $17 per hour. It budgets 0.2 machine-hours to dye each skein in the dyeing process. (Click the icon to view the budgeted overhead costs.) Read the requirements More Info - X Data Table The following table presents the budgeted overhead costs for the dyeing and weaving cost pools: Xin blue rugs are very popular and demand is high, but because of capacity constraints the firm will roduce only 240,000 blue rugs per year. The budgeted selling price is $2,400 each. There are na rugs in beginning inventory. Target ending inventory of rugs is also zero. Xin makes rugs by hand, but uses a machine to dye the wool. Thus, overhead costs are accumulated in two cost pools-one for weaving and the other for dyeing. Weaving overhead is allocated to products based on direct manufacturing labor-hours (DMLH). Dyeing overhead is allocated to products based on machine-hours (MH). Dyeing (based on 1,680,000 MH) Weaving (based on 12,000,000 DMLH) S 15.600.000 Print Done Variable costs Indirect materials Maintenance Utilities 6,600,000 5,500.000 4,370 000 7.590.000 (under a FIFO cost-flow assumption) Wool 1165000 Fixed costs Indirect labor Depreciation 1,920.000 27230 Dye To be purchased this period Wool 387,000 2.216,000 763,000 290,000 5,840,000 Other S 17,556,000 S 33,600.000 Dye Total budgeted costs - Direct materials to be used this period Print Done Homework: Chapter 6 Home work Save Score: 0.03 of 1 pt 2 of 5 (5 complete) HW Score: 80.61%, 4.03 of 5 pts W E6-27 (similar to) Question Help Xin Manufacturing Company manufactures blue rugs, using wool and dye as direct materials. One rug is budgeted to use 35 skeins of wool at a cost of $6 per skein and 0.8 gallons of dye at a cost of $10 per gallon. All other materials are indirect. At the beginning of the year Xin has an inventory of 466,000 skoins of wool at a cost of $1,165,000 and 4,400 gallons of dye at a cost of $27.280. Target ending inventory of wool and dye is zero. Xin uses the FIFO inventory cost flow method. i (Click the icon to view the additional information.) There is no direct manufacturing labor cost for dyeing. Xin budgets 50 direct manufacturing labor-hours to weave a rug at a budgeted rate of $17 per hour. It budgets 0.2 machine-hours to dye each skein in the dyeing process. (Click the icon to view the budgeted overhead coats.) Read the requirements 14 U Requirement 1. Prepare a direct material usage budget in both units and dollars. Begin with the physical units portion, the prepare the cost budget portion of the direct material usage budget. Direct Material Usage Budget in Quantity and Dollars Material et Wool Dye Total Physical Units Budget Direct materials required for 8.400.000 Blue rugs 192,000 akeing gal Cost Budget Available from beginning direct materials inventory (under a FIFO Cust-low assumption) Wool $ 1165000 27280 Dye To be purchased this period Wool -C Dye Direct materials to be used this porlod
