Required information Ruiz Co provides the following sales forecast for the next four months April 520 Sales unita) 600 June 550 July 640 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 156 units. Assume July's budgeted production is 550 units. In addition, each finished unit requires six pounds (lbs.) of raw materials and the company wants to end each month with raw materials inventory equal to 20% of next month's production needs. Beginning raw materials inventory for April was 653 pounds. Assume direct materials cost $5 per pound. Prepare a production budget for the months of April, May, and June RUIZ CO Production Budget For April, May, and June Prepare a production budget for the months of April, May, and June. RUIZ CO Production Budget For April, May, and June April Juno 600 30% Next month's budgeted sales (units) Ratio of inventory to future sales Budgeted ending inventory (units) Budgeted unit sales for month Required units of available production Budgeted beginning inventory (units) Units to be produced May 550 30% 165 600 765 180 640 30% 192 550 742 520 700 156 Help Save & Exit Submit Required Information Ruiz Co provides the following sales forecast for the next four months Aprit MAY Jane Sales (unita) July 520 600 550 640 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on Aprilis 156 units. Assume July's budgeted production is 550 units. In addition, each finished unit requires six pounds sbs of raw materials and the company wants to end each month with raw materials inventory equal to 20% of next month's production needs. Beginning raw materials inventory for April was 653 pounds. Assume direct materials cast 55 per pound Prepare a direct materials budget for April May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) RUIZ CO Direct Materials Budget Ene Anal Prepare a direct materials budget for April, May, and June. (Round your Intermediate calculations and final answers whole dollar amount.) May June RUIZ CO. Direct Materials Budget For April, May, and June April 520 5 2,600 653 3,265 653 600 550 units 5 3.000 5 lbs 2.750 lbs Budgeted production (units) Materials requirements per unit Materials needed for production (lbs) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Beginning inventory (lbs.) Materials to purchased (lbs.) Cost per lb Total budgeted direct materials cost Ibs lbs. lbs. $ 5$ 5 S 5 perib Prey 22 Required Information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 16 lbs. $? per tb.) (2 hrs. $15 per hr 12 hrs. + 511 perhe Actual 49.700 lbs. $7.20 per lb. 36,100 hrs. $15.50 per hr. $186.200 2,200 (1) Compute the standard cost per unit $ Direct materials Direct labor Overhead 30 22 Save & Exit Submit submit Required Information [The following information applies to the questions displayed below! A manufactured product has the following information for June Standard Actual Diruet materials (6 lbs. $7 per lb. 49,700 1# $7.20 per la Direct labor (2 hr. $15 per hr 16.100 hrs. #915.50 per he. Overhead (2 hrs $11 per hr.) 5286, 200 Units manufactured 9,200 Compute the direct materials price variance and the direct materials quantity variance Indicate whether each variance is favorable or unfavorable AQ - Actual Quantity so - Standard Quantity AP-Actual Price SP - Standard Price 8,200 Compute the direct materials price variance and the direct materials quantity variance Indicate whether each variance is favorable or unfavorable. AD = Actual Quantity SQ - Standard Quantity AP = Actual Price SP Standard Price Actual Cost Standard Cont 5 0 3 0 8 3 @ Ch 20, 21 & 220 Sool Help Save & Exit Submit Required Information The following information applies to the questions displayed below! A manufactured product has the following information for June Direct materials Direct labor Overhead Units rantatupad Standard (6 b. per tu, ( 2.15 per h) 2 hrs. $11 par hr.) Act1 49,700 1.59.20 petab. 36,100 315.50 pas he 5186,20 8.200 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. AH-Actual Hours SH - Standard Hours AR-Actual Rate SR Standard Rate Actunt Cost Standard Cost Compute the direct labor rate variance and the direct labor efficiency variance Indicate whether each variance Is favorable or unfavorable. AH - Actual Hours SH Standard Hours AR - Actual Rate SR Standard Rate Actual Cost Standard Cost s 0 S a ta Required Information Rulz Co. provides the following sales forecast for the next four months April May July Sales unitat 520 600 556 60 June The company wants to end each month with encing finished goods Inventory equal to 30% of next month's forecasted sales. Finished goods Inventory on April 1 is 156 units Assume Julys budgeted production is 550 units. In addition, each finished unit requires six pounds (lbs.) of raw materials and the company wants to end each month with raw materials inventory equal to 20% of next month's production needs. Beginning raw materials inventory for April was 653 pounds. Assume direct materials cost $5 per pound Prepare a production budget for the months of April, May and June RUIZ CO Production Budget For April May, and June