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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:
\table[[,April,May,June,July],[Sales (units)..................,500,580,530,600],[Budgeted production (units)......,442,570,544,540]]
The company plans for finished goods inventory of 120 units at the end of June. In addition, each finished unit requires 5 pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 663 pounds. Each finished unit requires 0.50 hours of direct labor at the rate of $16 per hour. The company budgets variable overhead at the rate of $20 per direct labor hour and budgets fixed overhead of $8,000 per month. Prepare a raw materials budget for April, May, and June.
Refer to Exercise 22-8. For April, May, and June, prepare (1) a direct labor budget and (2) a factory overhead budget.
Exercise 22-8
Manufacturing: Direct
materials budget P1
Exercise 22-9
Manufacturing: Direct
labor and factory overhead budgets
P1
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