Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

prepare direct material budget for March and April please answer all 3 parts (required 1,required 2 and required 3) i will rate!! Ornamental Sculptures Mfg.

prepare direct material budget for March and April
please answer all 3 parts (required 1,required 2 and required 3) i will rate!! image text in transcribed
image text in transcribed
image text in transcribed
Ornamental Sculptures Mfg. manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $3 per pound and 0.5 direct labor hours at a rate of $18 per hour. Variable manufacturing overhead is charged at a rate of $3 per direct labor hour. Fixed manufacturing overhead is $4.000 per month. The company's policy is to maintain direct materials Inventory equal to 20% of the next month's materials requirement. At the end of February the company had 5,280 pounds of direct materials in Inventory. The company's production budget reports the following, Production Budget March April May Units to be produced 3,300 4,600 4,800 (1) Prepare direct materials budgets for March and April, (2) Prepare direct labor budgets for March and April. (3) Prepare factory overhead budgets for March and April. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct materials budgets for March and April. ORNAMENTAL SCULPTURES MEG. Direct Materials Budget For the Months of March and April March April Budgeted production (units) Materials requirements per unit (lbs.) Materials needed for production (lbs.) 0 Budgeted ending Inventory (lbs) Total materials requirements (lbs.) Budgeted beginning inventory (lbs.) Materials to be purchased (lbs.) Direct material cost per lb Total budgeted direct materials S 0 $ 0 0 0 0 0 0 A. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct labor budgets for March and April. (Round "DL hours required per unit" answers to two decimal places.) ORNAMENTAL SCULPTURES MFG. Direct Labor Budget For the Months of March and April March April Budgeted production (units) DL hours required per unit Total direct labor hours needed 0 Direct labor rate per hour Total budgeted direct labor $ 0 $ 0 0 (1) Prepare direct materials budgets for March and April (2) Prepare direct labor budgets for March and April (3) Prepare factory overhead budgets for March and April. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Prepare factory overhead budgets for March and April ORNAMENTAL SCULPTURES MFG. Factory Overhead Budget For the Months of March and April March April $ Total direct labor hours needed VOH rate per DL hour Budgeted variable overhead Budgeted fixed overhead Total budgeted factory overhead os 0 $ ols 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Statistical Analysis Microsoft Excel 2013

Authors: Conrad Carlberg

1st Edition

0789753111, 9780789753113

More Books

Students also viewed these Accounting questions

Question

Draw a stereoisomer of trans-1, 3-climethylcyclobutane.

Answered: 1 week ago

Question

Id probably just get more upset. Its bett er to just drop it.

Answered: 1 week ago