Production and Direct Labor Cost Budgets Levi Strauss & Co. manufactures slacks and jeans under a variety of brand names, such as Dockers and 501 Jeans Slacks and jeans are assembled by a variety of different sewing operations. Assume that the sales budget for Dockers and 501 Jeans shows estimated sales of 120,000 and 250,000 pairs, respectively, for May. The finished goods inventory is assumed as follows: Dockers 501 Jeans May 1 estimated inventory 12,000 30,000 May 31 desired inventory 17,000 20,000 Assume the following direct labor data per 5 pairs of Dockers and 501 Jeans for four different sewing operations: Direct Labor per 5 Pairs Dockers 501 Jeans Inseam 15 minutes 0 minutes Outerseam Pockets Zipper 1 Total a. Prepare a production budget for Ma LEVI STRAUSS & CO. Production Budget May Dockers 150 a production budget for May. LEVI STRAUSS & CO. Production Budget May Dockers 501 Jeans Expected units to be sold Total units Total units to be produced b. Prepare the May direct labor cost budget for the four sewing operations, assuming a $15 wage per hour for the inseam and outerseam sewing operations and a $17 wage per hour for the pocket and zipper sewing operations. Round your answers to one decimal place, if necessary. LEVI STRAUSS & CO. Direct Labor Cost Budget May Inseam Outerseam P ockets Zipper (minutes) (minutes) (minutes) (minutes) Dockers 501 Jeans Total minutes Total direct labor hours Direct labor rate Total direct labor cost Factory Overhead Cost Budget Nutty Candy Company budgeted the following costs for anticipated production for August: $62,000 Advertising expenses Manufacturing supplies 18,500 Power and light $90,000 Production supervisor wages 45,000 Production control wages 28,000 Executive officer salaries 115,000 Materials management wages 8,000 Factory depreciation 150,000 Sales commissions 22,500 Factory insurance 16,000 Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only factory fixed costs. Enter all amounts as positive numbers. NUTTY CANDY COMPANY Factory Overhead Cost Budget For the Month Ending August 31 Variable factory overhead costs: Total variable factory overhe Fixed factory overhead costs Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only factory fixed costs. Enter all amounts as positive numbers. NUTTY CANDY COMPANY Factory Overhead Cost Budget For the Month Ending August 31 Variable factory overhead costs: Total variable factory overhead costs Fixed factory overhead costs: Total fixed factory overhead costs Total factory overhead costs