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Rad Co . provides the following sales forecast and production budget for the next four months: table [ [ , April,May,June,July ] , [
Rad Co provides the following sales forecast and production budget for the next four months:
tableApril,May,June,JulySales unitsBudgeted production units
The company plans for finished goods inventory of units at the end of June. In addition, each finished unit requires pounds of raw materials and the company wants to end each month with raw materials inventory equal to of next month's production needs. Beginning raw materials inventory for April was pounds. Each finished unit requires hours of direct labor at the rate of $ per hour. The company budgets variable overhead at the rate of $ per direct labor hour and budgets fixed overhead of $ per month. Prepare a raw materials budget for April, May, and June.
Refer to Exercise For April, May, and June, prepare a direct labor budget and a factory overhead budget.
Exercise
Manufacturing: Direct
materials budget P
Exercise
Manufacturing: Direct
labor and factory overhead budgets
P
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