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Please Answer all parts of #5-7, I will rate. Part B. Budgets During July of the current year, the management of Quivers Inc. asked the

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Please Answer all parts of #5-7, I will rate.
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Part B. Budgets During July of the current year, the management of Quivers Inc. asked the controller, Robin, to prepare August manufacturing and income statement budgets. Demand was expected to be 1,500 cases of jet wax at $100 per case for August. Inventory planning information is provided as follows: Finished Goods Inventory Cases 300 175 Estimated finished goods inventory, August 1 Desired finished goods inventory, August 31 Materials Inventory Cosi $ 12,000.00 $ 7,000.00 Oils (os.) Estimated materials inventory, August 1 Desired materials inventory, August 31 Cream Base (oz.) 250 1,000 290 360 Boffels (ou) 600 240 There was negligible work in process inventory assumed for either the beginning or end of the month; thus, none was assumed. In addition, there was no change in the cost per unit or estimated units per case operating data from January Instructions 5. Prepare the August production budget. 6. Prepare the August direct materials purchases budget. 7. Prepare the August direct labor cost budget. Round the hours required for production to the nearest hour. REQUIREMENT #5: Develop the production budget. Quivers Inc. Production Budget For the Month Ended August 31 Cases Expected cases to be sold Plus desired ending inventory Total units required Less estimated beginning inventory Total units to be produced Requirement: Develop the direct materials purchases budget Quivers Inc. Direct Materials Purchaus Budget For the Month Ended August 31 Cream Base (our) Natural Oils Units required for production Plus desired ending inventory Total units required Less estimated beginning inventory Total materials to be purchased Bottles (bottles) Total Raw Materials Units Volume Total Cream Base Naturals Bees Total direct materials to be purchased Requirement 87: Develop the direct labor cost budget. Units Labor Production Time / Hour Total Quivers Inc. Direct Labor Cost Budget For the Month Ended August 31 Mixing Filling Hours required for production of Ophelia Wax Product Hourly rule Total direct labor cost Total Mixing Filling

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