Score: 0 of 1 pt 1 of 5 (1 complete) HW Score: 0%, 0 of 5 p XT16-2 (similar to) :s Question Help Iridescent Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. It expects to manufacture 18,000 Knox lamps and 14,000 Ayer lamps in 2017. The following data are available for the year 2017. (Click the icon to view the information.) B (Click the icon to view the December 31, 2017 production budget in units.) Calculate (a) the direct materials usage budget in quantity and dollars (label it Schedule 3A); (b) the direct materials purchase budget in quantity and dollars (label it Schedule 3B); and (c) the direct manufacturing labor costs budget (label it Schedule 4) for the year ending December 31, 2017 Data Table (a). Begin by calculating the direct materials usage budget in quantity and then in dollars (label it Schedule 3A) for the year ending December 31, 2017 Schedule 3A: Direct Material Usage Budget in Quantity and Dollars for the Year Ending December 31, 2017 Direct materials Material Metal Es Metal Fabric Total Fabric 2 per pound (same as in 2016) $ 3 per yard (same as in 2016) $ 16 per hour Physical Units Budget Direct materials required for Knox lamps Direct manufacturing labor lbs. yards Content of Each Product Unit Direct materials required for Ayer lamps lbs yards Product Total quantity of direct materials to be used lbs. yards Knox Ayer Metal 4 pounds 5 pounds 2 yards Fabric 1 yard Direct manufacturing labor 0.25 hours 0.3 hours Direct Materials Metal Fabric Enter any number in the edit fields and then click Check Answer. Beginning inventory Target ending inventory 16,000 pounds 14,000 pounds 6,000 yards 4,000 yards 3 parts Clear All remaining Score: 0 of 1 pt 1 of 5 (1 complete) HW Score: 0%, 0 of 5 T16-2 (similar to) Question Help Iridescent Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. It expects to manufacture 18,000 Knox lamps and 14,000 Ayer lamps in 2017. The following data are available for the year 2017 (Click the icon to view the information.) (Click the icon to view the December 31, 2017 production budget in units.) Calculate (a) the direct materials usage budget in quantity and dollars (label it Schedule 3A); (b) the direct materials purchase budget in quantity and dollars (label it Schedule 3B); and (c) the direct manufacturing labor costs budget (label it Schedule 4) for the year ending December 31, 2017 (a). Begin by calculating the direct materials usage budget in quantity and then in dollars (label it Schedule 3A) for the year ending December 31, 2017 Data Table - Schedule 3A: Direct Material Usage Budget in Quantity and Dollars for the Year Ending December 31, 2017 Material Schedule 2: Production Budget (in Units) Metal Fabric Total for the Year Ending December 31, 2017 Physical Units Budget Direct materials required for Knox lamps Knox Ayer lbs. yards Budgeted units sales Direct materials required for Ayer lamps lbs. yards 18,700 1,800 14,000 800 Total quantity of direct materials to be used lbs yards Add target ending finished goods inventory Total required units Deduct beginning finished goods inventory 20,500 2,500 14,800 800 Units of finished goods to be produced 18,000 14,000 Print Done