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Xander Manufacturing Company manufactures blue rugs, using wool and dye as direct materials A (Click the icon to view the add One rug is budgeted to use 40 skeins of wool at a cost of $4 per skein and 0.75 gallons of dye at a cost of $8 per gallon. All other materials are indirect. At the beginning of the year Xander has There is no direct manufacturing la an inventory of 462,000 skeins of wool at a cost of $1,062,600 and 4,200 gallons of dye at a cost labor-hours to weave a rug at a bu of $25,200. Target ending inventory of wool and dye is zero. Xander uses the FIFO inventory cost dye each skein in the dyeing proce flow method (Click the icon to view the budi Read the requirements Requirement 1. Prepare a direct material usage budget in both units and dollars. Begin with the physical units portion, then prepare the cost budget portion of the direct material usage budget. Direct Material Usage Budget in Quantity and Dollars Material Wool Dye Total Physical Units Budget Enter any number in the edit fields and then click Check Answer. Clear All 11 parts remaining dye as direct materials. (Click the icon to view the additional information.) 90.75 gallons of dye at the year Xander has There is no direct manufacturing labor cost for dyeing. Xander budgets 55 direct manufacturing gallons of dye at a cost labor-hours to weave a rug at a budgeted rate of $15 per hour. It budgets 0.25 machine-hours to the FIFO inventory cost dye each skein in the dyeing process. (Click the icon to view the budgeted overhead costs.) Read the requirements dollars. of the direct material usage budget. and Dollars Material Dye Total Check Answer Clear All Xander Manufacturing Company manufactures blue rugs, using wool and dye as direct materials Click the icon to view the One rug is budgeted to use 40 skeins of wool at a cost of $4 per skein and 0.75 gallons of dye at a cost of $8 per gallon. All other materials are indirect. At the beginning of the year Xander has There is no direct manufacturi an inventory of 462,000 skeins of wool at a cost of $1,062,600 and 4,200 gallons of dye at a cost labor-hours to weave a rug at of $25,200. Target ending inventory of wool and dye is zero. Xander uses the FIFO inventory cost dye each skein in the dyeing flow method (Click the icon to view the Read the requirements W pierwwwwwwwwwwwwwww Direct Material Usage Budget in Quantity and Dollars Material Wool Dye Total Physical Units Budget Direct materials required for skeins gal Blue rugs Enter any number in the edit fields and then click Check Answer Clear All 11 parts remaining factures blue rugs, using wool and dye as direct materials. (Click the icon to view the additional information.) of wool at a cost of $4 per skein and 0.75 gallons of dye at - i More Info he Xander blue rugs are very popular and demand is high, but because of capacity constraints the firm will produce only 220,000 blue rugs per year. The budgeted selling price is $2,200 each. There are no rugs in beginning inventory. Target ending inventory of rugs is also zero. Xander 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). at Print Done and then click Check Answer. Clear All 0 Data Table an ns atel Jod 0 er b ur. It The following table presents the budgeted overhead costs for the dyeing and weaving cost pools: Dyeing (based on 2,200,000 MH) Weaving (based on 12,100,000 DMLH) mal Variable costs on Indirect materials Maintenance Utilities Fixed costs 0 $ 6,580,000 7,570,000 15,500,000 5,560,000 2,480,000 et M Indirect labor 1,810,000 367,000 2.120,000 280.000 Depreciation Tds a Print Done Data Table mar keins matel fwog ory o Dyeing (based on 2,200,000 MH) Weaving (based on 12,100,000 DMLH) Variable costs Indirect materials 0$ 15,500,000 5,560,000 2,480,000 6,580,000 7,570,000 et mat tion Maintenance Utilities Fixed costs Indirect labor Depreciation ect M 367.000 2,120,000 743,000 1,810,000 280,000 5,830,000 Other 17,380,000 $ 31,460,000 Total budgeted costs elds Print Done i Requirements - X bn.) ping, Xan factures of wool al als are in at a cos wool and $15 per h costs.) erial usag 5. then prepi Prepare a direct material usage budget in both units and dollars. Calculate the budgeted overhead allocation rates for weaving and dyeing. Calculate the budgeted unit cost of a blue rug for the year. Prepare a revenues budget for blue rugs for the year, assuming Xander sells (a) 220,000 or (b) 195,000 blue rugs (that is, at two different sales levels). Calculate the budgeted cost of goods sold for blue rugs under each sales assumption Find the budgeted gross margin for blue rugs under each sales assumption. What actions might you take as a manager to improve profitability if sales drop to 195,000 blue rugs? How might top management at Xander use the budget developed in requirements 1-6 to better manage the company? Material US 6. 7. 8. and then Print Done Clear All Xander Manufacturing Company manufactures blue rugs, using wool and dye as direct materials A (Click the icon to view the add One rug is budgeted to use 40 skeins of wool at a cost of $4 per skein and 0.75 gallons of dye at a cost of $8 per gallon. All other materials are indirect. At the beginning of the year Xander has There is no direct manufacturing la an inventory of 462,000 skeins of wool at a cost of $1,062,600 and 4,200 gallons of dye at a cost labor-hours to weave a rug at a bu of $25,200. Target ending inventory of wool and dye is zero. Xander uses the FIFO inventory cost dye each skein in the dyeing proce flow method (Click the icon to view the budi Read the requirements Requirement 1. Prepare a direct material usage budget in both units and dollars. Begin with the physical units portion, then prepare the cost budget portion of the direct material usage budget. Direct Material Usage Budget in Quantity and Dollars Material Wool Dye Total Physical Units Budget Enter any number in the edit fields and then click Check Answer. Clear All 11 parts remaining dye as direct materials. (Click the icon to view the additional information.) 90.75 gallons of dye at the year Xander has There is no direct manufacturing labor cost for dyeing. Xander budgets 55 direct manufacturing gallons of dye at a cost labor-hours to weave a rug at a budgeted rate of $15 per hour. It budgets 0.25 machine-hours to the FIFO inventory cost dye each skein in the dyeing process. (Click the icon to view the budgeted overhead costs.) Read the requirements dollars. of the direct material usage budget. and Dollars Material Dye Total Check Answer Clear All Xander Manufacturing Company manufactures blue rugs, using wool and dye as direct materials Click the icon to view the One rug is budgeted to use 40 skeins of wool at a cost of $4 per skein and 0.75 gallons of dye at a cost of $8 per gallon. All other materials are indirect. At the beginning of the year Xander has There is no direct manufacturi an inventory of 462,000 skeins of wool at a cost of $1,062,600 and 4,200 gallons of dye at a cost labor-hours to weave a rug at of $25,200. Target ending inventory of wool and dye is zero. Xander uses the FIFO inventory cost dye each skein in the dyeing flow method (Click the icon to view the Read the requirements W pierwwwwwwwwwwwwwww Direct Material Usage Budget in Quantity and Dollars Material Wool Dye Total Physical Units Budget Direct materials required for skeins gal Blue rugs Enter any number in the edit fields and then click Check Answer Clear All 11 parts remaining factures blue rugs, using wool and dye as direct materials. (Click the icon to view the additional information.) of wool at a cost of $4 per skein and 0.75 gallons of dye at - i More Info he Xander blue rugs are very popular and demand is high, but because of capacity constraints the firm will produce only 220,000 blue rugs per year. The budgeted selling price is $2,200 each. There are no rugs in beginning inventory. Target ending inventory of rugs is also zero. Xander 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). at Print Done and then click Check Answer. Clear All 0 Data Table an ns atel Jod 0 er b ur. It The following table presents the budgeted overhead costs for the dyeing and weaving cost pools: Dyeing (based on 2,200,000 MH) Weaving (based on 12,100,000 DMLH) mal Variable costs on Indirect materials Maintenance Utilities Fixed costs 0 $ 6,580,000 7,570,000 15,500,000 5,560,000 2,480,000 et M Indirect labor 1,810,000 367,000 2.120,000 280.000 Depreciation Tds a Print Done Data Table mar keins matel fwog ory o Dyeing (based on 2,200,000 MH) Weaving (based on 12,100,000 DMLH) Variable costs Indirect materials 0$ 15,500,000 5,560,000 2,480,000 6,580,000 7,570,000 et mat tion Maintenance Utilities Fixed costs Indirect labor Depreciation ect M 367.000 2,120,000 743,000 1,810,000 280,000 5,830,000 Other 17,380,000 $ 31,460,000 Total budgeted costs elds Print Done i Requirements - X bn.) ping, Xan factures of wool al als are in at a cos wool and $15 per h costs.) erial usag 5. then prepi Prepare a direct material usage budget in both units and dollars. Calculate the budgeted overhead allocation rates for weaving and dyeing. Calculate the budgeted unit cost of a blue rug for the year. Prepare a revenues budget for blue rugs for the year, assuming Xander sells (a) 220,000 or (b) 195,000 blue rugs (that is, at two different sales levels). Calculate the budgeted cost of goods sold for blue rugs under each sales assumption Find the budgeted gross margin for blue rugs under each sales assumption. What actions might you take as a manager to improve profitability if sales drop to 195,000 blue rugs? How might top management at Xander use the budget developed in requirements 1-6 to better manage the company? Material US 6. 7. 8. and then Print Done Clear All
