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Please I just need problem 2 I submitted both beacuse it may help. I do not think answer 1 is required for two Problem I
Please I just need problem 2 I submitted both beacuse it may help. I do not think answer 1 is required for two
Problem I Seeds and Nuts Company is a family owned, independent roaster and seller of seeds and nuts in Southern California. The company is globally known for its high-quality roasted almonds. The Seeds and Nuts Company budgets two months ahead, so that in early January, it is time to plan for March. During March, the company plans to sell 10,000 pounds of almonds. At the end of February, the company expects to have 2,000 pounds of raw almonds (costing $4,000) and 800 pounds of roasted almonds (costing $4,000) in inventory. Hurtt's would like to have 1,000 pounds of raw almonds and 500 pounds of roasted almonds in inventory at the end of March. Hurtt's purchases raw almonds from the grower at $2.00 per pound and sells the roasted almonds for S12 per pound. Hurtt's roasters hold 25 pounds of raw almonds. It takes 15 minutes to roast the almonds to perfection. This process ensures the unique taste of the almonds that makes the company so famous. Because the roaster must be monitored by an employee at all times, each batch requires 0.25 direct labor hours. During the roasting process, the raw almonds lose 20% of their weight. so that 1.25 pounds of raw almonds must be used to produce one pound of roasted almonds. The standard direct labor rate is $12 per direct labor hour. Variable overhead is applied at the rate of $80 per direct labor hour, and fixed overhead is budgeted at S13,095 per month, including S1,500 in equipment depreciation. Erick Grump, the president of Seeds and Nuts Company, a) Prepare Seeds and Nuts Company's sales budget for March b) Prepare Seeds and Nuts Company's production budget for March c) Prepare Seeds and Nuts Company's purchases budget for March d) Prepare Seeds and Nuts Company's direct labor budget for MarchStep by Step Solution
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