Question 4 of 6 -/1 LUTTERMETURES Paul Martin, Oriole & Martin Fabricators' production manager, has just received the company's sales budget for the first quarter. January February March 31.000 Quarter 80,000 23,000 26,000 5,200 6,200 6,800 6,800 Budgeted unit sales Budgeted ending inventory Total units required Beginning inventory Budgeted production 28,200 32,200 37.800 86,800 3,200 5,200 6.200 3,200 25,000 27,000 31,600 83,600 Its manufacturing overhead budget for the first quarter is as follows: January February March Quarter 5.000 DLH worked 5,400 6,320 16,720 UAB Question 4 of 6 He also has received the direct materials purchases budget and direct labor budget which were as follows: January February March Quarter April 25,000 27,000 31,600 83,600 32,400 X 6 x 6 X 6 * 6 x 6 150,000 162,000 189,600 501,600 194,400 16,200 18,960 19,440 19,440 Budgeted production Standard pounds per unit Production needs Budgeted ending inventory Total DM required (lbs.) Beginning inventory Budgeted purchases (lbs.) Standard cost per pound 166,200 180,960 209,040 521,040 14,000 16,200 18,960 14,000 152,200 164,760 190,080 507,040 $1.50 $1.50 $1.50 $1.50 Budgeted purchases cost $228,300 $247,140 $285,120 $760,560 n Question 4 of 6 -/1 January February March Quarter 25.000 27,000 31,600 83,600 x0.20 x0.20 X0.20 *0.20 Budgeted production Standard DLH per unit Total DL.H required Standard wage rate Budgeted DL cost 5,000 5,400 6,320 16,720 * $20 x $20 * $20 X $20 $100,000 $108,000 $126,400 $334,400 Joshua plans to have 3,200 finished bricks at a cost of $46,000 in inventory at the beginning of the year. The company applies manufacturing overhead based on direct labor hours, and the current predetermined rates are $12.25 per direct labor hour for fixed manufacturing overhead and $1.75 per direct labor hour for variable manufacturing overhead. Prepare Oriole & Hill's ending inventory and cost of goods sold budget for the first quarter. Assuming that the company has no beginning and ending WIP inventory. (Round unit cost to 2 decimal places, eg, 5.33 & all other answers to decimal places, eg 5,275.) Direct Materials Question 4 of 6 Direct Materials A $ $ Finished Goods Inventory $