Please complete all requirements. Requirements 1,2,3,4,5,6,7,8,9,10.
= Homework: Project Question 4, P6-40 (simil... Part 1 of 20 HW Score: 0.78%, 1.18 of 150 points O Points: 0 of 70 Save Pet Luggage Company makes two pet carriers, the Cat-allac and the Dog-eriffic. They are both made of plastic with metal doors, but the Cat-allac is smaller. Information for the two products for the month of April is given in the following tables: 5 Click the icon to view the information for the two products.) Pet Luggage accounts for direct materials using a FIFO cost-flow assumption. (Click the icon to view the account information.) Pet Luggage uses an activity-based costing system and classifies overhead into three activity pools: Setup, Processing, and Inspection. Activity rates for these activities are $120 per setup-hour, $10 per machine-hour, and $10 per inspection-hour, respectively. Other information follows: (Click the icon to view the other information.) Read the requirements. ... Requirement 1. Prepare the revenues budget. Revenues Budget For the Month of April Units Selling price Total revenues Cat-allac 460 $ 210 Requirements Dog-eriffic 255 300 Total Prepare the following for April: 1. Revenues budget 2. Production budget in units 3. Direct material usage budget and direct material purchases budget 4. Direct manufacturing labor cost budget 5. Manufacturing overhead cost budgets for each of the three activities 6. Budgeted unit cost of ending finished goods inventory and ending inventories budget 7. Cost of goods sold budget 8. Nonmanufacturing costs budget 9. Budgeted income statement (ignore income taxes) 10. How does preparing the budget help Pet Luggage's management team better manage the company? Other information Cost Driver Information Cat-allac Dog-errific Number of units per batch 20 10 Setup time per batch 1.25 hours 2.25 hours Inspection time per batch 0.5 hours 0.5 hour If necessary, round up to calculate number of batches. Nonmanufacturing fixed costs for March equal $36,000, half of which are salaries. Salaries are expected to increase 5% in April. Other nonmanufacturing fixed costs will remain the same. The only variable nonmanufacturing cost is sales commission, equal to 1% of sales revenue. Print Done Print Done Help me solve this Clear all Check answer = Homework: Project Question 4, P6-40 (simil.. Part 1 of 20 HW Score: 0.78%, 1.18 of 150 points O Points: 0 of 70 Save Pet Luggage Company makes two pet carriers, the Cat-allac and the Dog-eriffic. They are both made of plastic with metal doors, but the Cat-allac is smaller. Information for the two products for the month of April is given in the following tables: :: (Click the icon to view the information for the two products.) Pet Luggage accounts for direct materials using a FIFO cost-flow assumption. E: (Click the icon to view the account information.) Pet Luggage uses an activity-based costing system and classifies overhead into three activity pools: Setup, Processing, and Inspection Activity rates for these activities are $120 per setup-hour, $10 per machine-hour, and $10 per inspection-hour, respectively. Other information follows: (Click the icon to view the other information.) Read the requirements ..... - Requirement 1. Prepare the revenues budget. Product information Revenues Budget For the Month of April Units Selling price 460 $ 210 Total revenues Input Prices Direct materials Cat-allac Dog-eriffic 255 300 Plastic Total Metal $ 6 per pound $ 5 per pound $ 12 per direct manufacturing labor hour Direct manufacturing labor Input Quantities per Unit of Output Cat-allac Dog-eriffic Account information Direct materials Plastic Metal 5 pounds 0.5 pounds 3 hours 7 pounds 1 pound 5 hours Direct manufacturing labor-hours (DMLH) Machine-hours (MH) 12 MH 19 MH Inventory Information, Direct Materials Sales and Inventory Information, Finished Goods Cat-allac Dog-eriffic Expected sales in units 460 255 Selling price $ 210 $ 300 Target ending inventory in units 40 20 Beginning inventory in units 20 35 Beginning inventory in dollars $ 2,000 $ 6,510 Pet Luggage uses a FIFO cost-flow assumption for finished-goods inventory. Plastic Metal Beginning inventory Target ending inventory Cost of beginning inventory 240 pounds 390 pounds 50 pounds 40 pounds 160 $ $ Print Done Print Done Help me solve this Etext pages
