PLEASE DO REQUIREMENTS 3-10. Thanks

= Homework: Chapter 6 Exercises Question 3, P6-40 (simil. Part 5 of 20 HW Score: 53.23%, 10.65 of 20 points Points: 0.65 of 5 Save Animal Gear 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.) Animal Gear accounts for direct materials using a FIFO cost-flow assumption. (Click the icon to view the account information.) Animal Gear uses an activity-based costing system and classifies overhead into three activity pools: Setup, Processing, and Inspection. Activity rates for these activities are $130 per setup-hour, $5 per machine-hour, and $20 per inspection-hour, respectively. Other information follows: :: (Click the icon to view the other information.) Read the requirements. IULQI Yuan LILY VI UIICLE TITOLCI QI LU UC uscu IUS va Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Plastic - X $ 960 Account information Metal $ 186 To be purchased this period Plastic 10.240 Metal 1,320 $ Direct materials to be used this period $ 11,200 1,506 $ 12,706 Sales and Inventory Information, Finished Goods Cat-allac Dog-eriffic Expected sales in units 580 215 Selling price $ 190 $ 260 Target ending inventory in units 45 25 Beginning inventory in units 25 40 Beginning inventory in dollars $ 2,500 $ 7.440 Animal Gear uses a FIFO cost-flow assumption for finished-goods inventory Now prepare the direct material purchases budget. Direct Materials Purchases Budget For the Month of April Materials Plastic Metal Total Print Done Ibs Ibs 350 lbs Ibs. Physical Units Budget To be used in production Add target ending inventory Total requirement Deduct beginning inventory Purchases to be made Cost Budget Ibs lbs. 240 Ibs. 60 Ibs Ibs Ibs Purchases DI - 1 = Homework: Chapter 6 Exercises Question 3, P6-40 (simil... Part 5 of 20 HW Score: 53.23%, 10.65 of 20 points Points: 0.65 of 5 Save Animal Gear 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: E (Click the icon to view the information for the two products.) Animal Gear accounts for direct materials using a FIFO cost-flow assumption E: (Click the icon to view the account information.) Animal Gear uses an activity-based costing system and classifies overhead into three activity pools: Setup, Processing, and Inspection. Activity rates for these activities are $130 per setup-hour, $5 per machine-hour, and $20 per inspection-hour, respectively. Other information follows: E: (Click the icon to view the other information.) Read the requirements Product information TULAI YULL VI VILCLL HITACHI W WC uocu Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Plastic Metal To be purchased this period Plastic $ 960 Input Prices $ 186 Direct materials Plastic $ 4 per pound 10,240 Metal Metal 1,320 $ 3 per pound $ 14 per direct manufacturing labor hour Direct manufacturing labor $ $ 11,200 1,506 12,706 Direct materials to be used this period Input Quantities per Unit of Output Cat-allac Dog-eriffic Direct materials Now prepare the direct material purchases budget. Direct Materials Purchases Budget For the Month of April Materials Plastic 3 pounds Metal 0.5 pounds 3 hours 5 pounds 1 pound 5 hours Plastic Metal Total Direct manufacturing labor-hours (DMLH) Machine-hours (MH) 13 MH 20 MH Ibs Ibs Inventory Information, Direct Materials Physical Units Budget To be used in production Add target ending inventory Total requirement Deduct beginning inventory 350 Ibs 55 Ibs. Plastic Metal Ibs Ibs 240 lbs. Beginning inventory Target ending inventory Cost of beginning inventory 240 pounds 350 pounds 960 60 pounds 55 pounds 186 Ibs. $ $ Ibs Ibs Purchases to be made Cost Budget Purchases Print Done Print Clear all Check answer = Homework: Chapter 6 Exercises Question 3, P6-40 (simil... Part 5 of 20 HW Score: 53.23%, 10.65 of 20 points Points: 0.65 of 5 Save Animal Gear 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: E: (Click the icon to view the information for the two products.) Animal Gear accounts for direct materials using a FIFO cost-flow assumption. E: (Click the icon to view the account information.) Animal Gear uses an activity-based costing system and classifies overhead into three activity pools: Setup, Processing, and Inspection. Activity rates for these activities are $130 per setup-hour, $5 per machine-hour, and $20 per inspection-hour, respectively. Other information follows: :: (Click the icon to view the other information.) Read the requirements. IUS TULGI YUamuLy VI VILCLL HOLCHIQILU WC uscu Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Plastic Metal - Other information $ 960 $ 186 Cost Driver Information To be purchased this period Plastic 10,240 Cat-allac Dog-errific Metal 1,320 1,506 $ 11,200 Direct materials to be used this period $ 12,706 Now prepare the direct material purchases budget. Direct Materials Purchases Budget For the Month of April Materials Plastic Metal Number of units per batch 25 10 Setup time per batch 1.25 hours 2.00 hours Inspection time per batch 0.5 hours 0.6 hour If necessary, round up to calculate number of batches. Nonmanufacturing fixed costs for March equal $34,000, 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. Total Ibs Ibs Print Done Physical Units Budget To be used in production Add target ending inventory Total requirement Deduct beginning inventory 350 lbs 55 Ibs Ibs Ibs 240 Ibs Ibs Ibs Ibs Purchases to be made Cost Budget Purchases I = Homework: Chapter 6 Exercises Question 3, P6-40 (simil... Part 5 of 20 HW Score: 53.23%, 10.65 of 20 points Points: 0.65 of 5 Save Animal Gear 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.) Animal Gear accounts for direct materials using a FIFO cost-flow assumption. E: (Click the icon to view the account information.) Animal Gear uses an activity-based costing system and classifies overhead into three activity pools: Setup, Processing, and Inspection. Activity rates for these activities are $130 per setup-hour, $5 per machine-hour, and $20 per inspection-hour, respectively. Other information follows: (Click the icon to view the other information.) Read the requirements TULOI quan LILY VI VII CLL TITOLCHIQILUVC uscu - Requirements Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Plastic 960 Metal $ 186 To be purchased this period Plastic 10.240 Metal 1,320 $ 11,200 $ 1,506 12,706 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 sold budget 8. Nonmanufacturing costs budget 9. Budgeted income statement (ignore income taxes) 10. How does preparing the budget help Animal Gear's management team better manage the company? Direct materials to be used this period Now prepare the direct material purchases budget. Direct Materials Purchases Budget For the Month of April Materials Plastic Metal Total Physical Units Budget To be used in production Ibs. Ibs. Print Done 350 lbs. Ibs Add target ending inventory Total requirement Ibs Ibs Deduct beginning inventory 240 Ibs Ibs Ibs. lbs. Purchases to be made Cost Budget Purchases Print Clear all Check answer = Homework: Chapter 6 Exercises Question 3, P6-40 (simil. Part 5 of 20 HW Score: 53.23%, 10.65 of 20 points Points: 0.65 of 5 Save Animal Gear 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.) Animal Gear accounts for direct materials using a FIFO cost-flow assumption. (Click the icon to view the account information.) Animal Gear uses an activity-based costing system and classifies overhead into three activity pools: Setup, Processing, and Inspection. Activity rates for these activities are $130 per setup-hour, $5 per machine-hour, and $20 per inspection-hour, respectively. Other information follows: :: (Click the icon to view the other information.) Read the requirements. IULQI Yuan LILY VI UIICLE TITOLCI QI LU UC uscu IUS va Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Plastic - X $ 960 Account information Metal $ 186 To be purchased this period Plastic 10.240 Metal 1,320 $ Direct materials to be used this period $ 11,200 1,506 $ 12,706 Sales and Inventory Information, Finished Goods Cat-allac Dog-eriffic Expected sales in units 580 215 Selling price $ 190 $ 260 Target ending inventory in units 45 25 Beginning inventory in units 25 40 Beginning inventory in dollars $ 2,500 $ 7.440 Animal Gear uses a FIFO cost-flow assumption for finished-goods inventory Now prepare the direct material purchases budget. Direct Materials Purchases Budget For the Month of April Materials Plastic Metal Total Print Done Ibs Ibs 350 lbs Ibs. Physical Units Budget To be used in production Add target ending inventory Total requirement Deduct beginning inventory Purchases to be made Cost Budget Ibs lbs. 240 Ibs. 60 Ibs Ibs Ibs Purchases DI - 1 = Homework: Chapter 6 Exercises Question 3, P6-40 (simil... Part 5 of 20 HW Score: 53.23%, 10.65 of 20 points Points: 0.65 of 5 Save Animal Gear 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: E (Click the icon to view the information for the two products.) Animal Gear accounts for direct materials using a FIFO cost-flow assumption E: (Click the icon to view the account information.) Animal Gear uses an activity-based costing system and classifies overhead into three activity pools: Setup, Processing, and Inspection. Activity rates for these activities are $130 per setup-hour, $5 per machine-hour, and $20 per inspection-hour, respectively. Other information follows: E: (Click the icon to view the other information.) Read the requirements Product information TULAI YULL VI VILCLL HITACHI W WC uocu Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Plastic Metal To be purchased this period Plastic $ 960 Input Prices $ 186 Direct materials Plastic $ 4 per pound 10,240 Metal Metal 1,320 $ 3 per pound $ 14 per direct manufacturing labor hour Direct manufacturing labor $ $ 11,200 1,506 12,706 Direct materials to be used this period Input Quantities per Unit of Output Cat-allac Dog-eriffic Direct materials Now prepare the direct material purchases budget. Direct Materials Purchases Budget For the Month of April Materials Plastic 3 pounds Metal 0.5 pounds 3 hours 5 pounds 1 pound 5 hours Plastic Metal Total Direct manufacturing labor-hours (DMLH) Machine-hours (MH) 13 MH 20 MH Ibs Ibs Inventory Information, Direct Materials Physical Units Budget To be used in production Add target ending inventory Total requirement Deduct beginning inventory 350 Ibs 55 Ibs. Plastic Metal Ibs Ibs 240 lbs. Beginning inventory Target ending inventory Cost of beginning inventory 240 pounds 350 pounds 960 60 pounds 55 pounds 186 Ibs. $ $ Ibs Ibs Purchases to be made Cost Budget Purchases Print Done Print Clear all Check answer = Homework: Chapter 6 Exercises Question 3, P6-40 (simil... Part 5 of 20 HW Score: 53.23%, 10.65 of 20 points Points: 0.65 of 5 Save Animal Gear 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: E: (Click the icon to view the information for the two products.) Animal Gear accounts for direct materials using a FIFO cost-flow assumption. E: (Click the icon to view the account information.) Animal Gear uses an activity-based costing system and classifies overhead into three activity pools: Setup, Processing, and Inspection. Activity rates for these activities are $130 per setup-hour, $5 per machine-hour, and $20 per inspection-hour, respectively. Other information follows: :: (Click the icon to view the other information.) Read the requirements. IUS TULGI YUamuLy VI VILCLL HOLCHIQILU WC uscu Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Plastic Metal - Other information $ 960 $ 186 Cost Driver Information To be purchased this period Plastic 10,240 Cat-allac Dog-errific Metal 1,320 1,506 $ 11,200 Direct materials to be used this period $ 12,706 Now prepare the direct material purchases budget. Direct Materials Purchases Budget For the Month of April Materials Plastic Metal Number of units per batch 25 10 Setup time per batch 1.25 hours 2.00 hours Inspection time per batch 0.5 hours 0.6 hour If necessary, round up to calculate number of batches. Nonmanufacturing fixed costs for March equal $34,000, 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. Total Ibs Ibs Print Done Physical Units Budget To be used in production Add target ending inventory Total requirement Deduct beginning inventory 350 lbs 55 Ibs Ibs Ibs 240 Ibs Ibs Ibs Ibs Purchases to be made Cost Budget Purchases I = Homework: Chapter 6 Exercises Question 3, P6-40 (simil... Part 5 of 20 HW Score: 53.23%, 10.65 of 20 points Points: 0.65 of 5 Save Animal Gear 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.) Animal Gear accounts for direct materials using a FIFO cost-flow assumption. E: (Click the icon to view the account information.) Animal Gear uses an activity-based costing system and classifies overhead into three activity pools: Setup, Processing, and Inspection. Activity rates for these activities are $130 per setup-hour, $5 per machine-hour, and $20 per inspection-hour, respectively. Other information follows: (Click the icon to view the other information.) Read the requirements TULOI quan LILY VI VII CLL TITOLCHIQILUVC uscu - Requirements Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Plastic 960 Metal $ 186 To be purchased this period Plastic 10.240 Metal 1,320 $ 11,200 $ 1,506 12,706 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 sold budget 8. Nonmanufacturing costs budget 9. Budgeted income statement (ignore income taxes) 10. How does preparing the budget help Animal Gear's management team better manage the company? Direct materials to be used this period Now prepare the direct material purchases budget. Direct Materials Purchases Budget For the Month of April Materials Plastic Metal Total Physical Units Budget To be used in production Ibs. Ibs. Print Done 350 lbs. Ibs Add target ending inventory Total requirement Ibs Ibs Deduct beginning inventory 240 Ibs Ibs Ibs. lbs. Purchases to be made Cost Budget Purchases Print Clear all Check