Redford Corporation Manufacturing Budget Redford Corporation, a maker of high-strength umbrellas, is preparing a preliminary manufacturing budget for the year 2019 They have gathered the following estimate data from various teams: 400,000 Production units Materials-metal rods/clasps Materials - high-strength fabric Materials- Resin handles Direct Labor Cutting and Assembly Line Packing & Inspection Costs (variable) Factory fixed costs 0.40 per unit, before wastage 1.20 Per sq. yard 0.25 per unit $ 28.00 Per hour 300.00 Per botch $ 300,000 Per Year Additional information given: Roughly 5% of metal parts are damaged or defective and are discarded as wastage Each umbrella uses 1.5 sq. yards of high-strength fabric Roughly 10% of the initial fabric quantity is not usable in the umbrellas due to the cutting process, but 20% of the value of this fabric is recovered by selling the unused pieces to a dealer The current process uses roughly 20 hours of direct labor (cutting and assembly line) per batch of umbrellas Each batch has 200 umbrellas 01. Prepare a Manufacturing Cost Budget for 2019 by quarter, assuming flat activity and equal-length quarters (do not adjust for days) Q2. Prepare a High Case budget alternative assuming that production ramps up 50% in the second half In this scenario, assume fixed costs increase by $60,000/yr due to need for additional storage space, while variable cost structure is unchanged Redford Corporation Manufacturing Budget Redford Corporation, a maker of high-strength umbrellas, is preparing a preliminary manufacturing budget for the year 2019 They have gathered the following estimate data from various teams: 400,000 Production units Materials-metal rods/clasps Materials - high-strength fabric Materials- Resin handles Direct Labor Cutting and Assembly Line Packing & Inspection Costs (variable) Factory fixed costs 0.40 per unit, before wastage 1.20 Per sq. yard 0.25 per unit $ 28.00 Per hour 300.00 Per botch $ 300,000 Per Year Additional information given: Roughly 5% of metal parts are damaged or defective and are discarded as wastage Each umbrella uses 1.5 sq. yards of high-strength fabric Roughly 10% of the initial fabric quantity is not usable in the umbrellas due to the cutting process, but 20% of the value of this fabric is recovered by selling the unused pieces to a dealer The current process uses roughly 20 hours of direct labor (cutting and assembly line) per batch of umbrellas Each batch has 200 umbrellas 01. Prepare a Manufacturing Cost Budget for 2019 by quarter, assuming flat activity and equal-length quarters (do not adjust for days) Q2. Prepare a High Case budget alternative assuming that production ramps up 50% in the second half In this scenario, assume fixed costs increase by $60,000/yr due to need for additional storage space, while variable cost structure is unchanged