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Please follow the steps in the instructions. (Parts A,B, and C) Shimmer Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. It
Please follow the steps in the instructions. (Parts A,B, and C)
Shimmer Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. It expects to manufacture 23,000 Knox lamps and 13,000 Ayer lamps in 2017. The following data are available for the year 2017 (Click the icon to view the information) Click the icon to view the December 31, 2017 production budget in units.) Calculate (a) the direct materials usage budget in quantity and dollars (label it Schedulo 3A), (b) the direct materials purchase budget in quantity and dollars (abel it Schedule 3); and (c) the direct manufacturing labor costs budget (label it Schedule 4) for the year ending December 31, 2017 (a). Begin by calculating the direct materials usage budget in quantity and then in dollars (label it Schedule 3A) for the year ending December 31, 2017 Schedule 3A: Direct Material Usage Budget in Quantity and Dollars for the Year Ending December 31, 2017 Material Metal Fabric Total Physical Units Budget Direct materials required for Knox lamps lbs yards Direct materials required for Ayer lamps lbs Total quantity of direct materials to be used Ibs yards yards - Data table alculating the direc Jember 31, 2017 Schedule 3A: Direct materials Metal Fabric Direct manufacturing labor S 2 per pound (same as in 2016) $ 3 per yard (same as in 2016) $ 14 per hour s Budget is required for Knox is required for Ayer Content of Each Product Unit of direct materials Metal Product Knox Ayer 3 pounds 4 pounds 1 yard 3 yards 0.15 hours 0.3 hours Fabric Direct manufacturing labor Direct Materials Metal Check answer ges Calculat Beginning inventory Target ending inventory Fabric 4,000 yards 2.000 yards 9,000 pounds 7,000 pounds Data table ng the direl mber 31, 2017 hedule 3A Schedule 2: Production Budget (in Units) for the Year Ending December 31, 2017 Knox Budgeted units sales 23,700 1,900 Add target ending finished goods inventory Total required units 25,600 2,600 Deduct beginning finished goods inventory 23,000 Units of finished goods to be produced Ayer 13,000 900 get red for knd ared for Aya 13,900 900 materials 13,000 Print Done Step by Step Solution
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