Requirements Prepare the following for April: 1. Revenues budget 2. Production budget in units 3. Direct material usage budget and direct material purchases budget 4. Direct manufacturing labor cost budget 5. Manufacturing overhead cost budgets for each of the three activities 6. Budgeted unit cost of ending finished goods inventory and ending inventories budget 7. Cost of goods sold budget 8. Nonmanufacturing costs budget 9. Budgeted income statement (ignore income taxes) 10. How does preparing the budget help Animal Gear's management team better manage the company? Print Done i - X Other information Cost Driver Information Cat-allac Dog-errific Number of units per batch 20 8 Setup time per batch 1.50 hours 2.00 hours Inspection time per batch 0.5 hours 0.6 hour If necessary, round up to calculate number of batches. Nonmanufacturing fixed costs for March equal $36,000, half of which are salaries. Salaries are expected to increase 5% in April. Other nonmanufacturing fixed costs will remain the same. The only variable nonmanufacturing cost is sales commission, equal to 1% of sales revenue. Print Done 1 X Account Information Sales and Inventory Information, Finished Goods Cat-allac Dog-eriffic Expected sales in units 500 215 Selling price $ 215 $ 320 Target ending inventory in units 15 Beginning inventory in units 15 30 Beginning inventory in dollars $ 1,500 $ 5,580 Animal Gear uses a FIFO cost-flow assumption for finished-goods inventory. 35 Print Done Input Prices Direct materials Plastic Metal $ 4 per pound $ 3 per pound $ 10 per direct manufacturing labor hour Direct manufacturing labor Input Quantities per Unit of Output Cat-allac Dog-eriffic Direct materials Plastic 3 pounds 0.5 pounds 5 pounds 1 pound Metal 3 hours 5 hours Direct manufacturing labor-hours (DMLH) Machine-hours (MH) 10 MH 16 MH Inventory Information, Direct Materials Plastic Metal Beginning inventory Target ending inventory Cost of beginning inventory 250 pounds 380 pounds 70 pounds 65 pounds $ 925 $ 210