Royal Furniture Company Sales Budget For the Month Ending February 28 Product and Area King: Northern Domestic Southern Domestic International Totat Nolince: Northern Domestic Southern Domestic International 2. Prepare a production budget for February, For those boxes in which you must enter subtracted or negative numbers use a minus sign. Royal Furniture Company Production Budget Prince 25 units c. Desired inventories at February 28: Direct materials: Fabric Wood Filler Springs Finished products: King Prince 390 sq. yds. 650 linear ft. 300cu. t. 540 units d. Direct materials used in production: In manufacture of King: Fabric 6.0 sq. yds. per unit of product Wood 38 linear ft. per unit of product Filler 4.2cu. ft. per unit of product Springs 16 units per unit of product In manufacture of Prince: Fabric 4.0 sq. yds. per unit of product Wood 26 linear ft. per unit of product Filler 3.4cu.ft. per unit of product Springs 12 units per unit of product e. Anticipated purchase price for direct materials: The budget director of Royal Furniture Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected information concerning sales and production for February is summarized as follows: a. Estimated sales of King and Prince chairs for February by sales territory: Northern Domestic: King 610 units at $780 per unit. Prince 750 units at $550 per unit Southern Domestic: King 340 units at $780 per unit Prince 440 units at $550 per unit International: King 360 units at $850 per unit Prince 290 units at $600 per unit b. Estimated inventories at February 1: Direct materiais: Fabric wood Filler Springs Finished products: King King 420 sq: yds: sao linear r. 250cu.ft. 660 units 90 units 25 units e. Anticipated purchase price for direct materials: Fabric Wood Filler Springs $12.00persq.yd.7.00perlinearft.$3.00percu.f.4.50perunit f. Direct labor requirements: King: Framing Department Cutting Department Upholstery Department Prince: Framing Department Cutting Department Uphoistery Department 1.2 hrs, at $12 per hr. 0.5hr, at $14 per hr. 0.8hr. at $15 per hr. 1.0hr at $12 per hr. 0.4hr. at $14 per hr. 0.6hr at $15 per hr. Required: 1. Prepare a sales budget for February, Royal Furniture Company Sales Budget For the Month Ending February 28 Product and Area Unit Sales Unit Selling Volume Price Total Sales Royal Furniture Company Production Budget For the Month Ending February 28 3. Prepare a direct materials purchases budget for february. For those bexes in which you must enter subtracted or negative numbers use a minus sign. Royal Furniture Company Direct Materials Purchases Budget For the Month Ending February 28 4. Prepare a direct labor cost budget for February. Desired inventory, February 28 Total Estimated inventory, February 1 Total units to be purchased Unit price Total direct materials to be purchased 4. Prepare a direct labor cost budget for February
