Spring 2023 D Question 12 10 pts Home Announcements Foodie's Supply Company manufactures and sells a pesticide called Account Modules Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2030. Textbook Dashboard 1. Sales: Discussions 1. Expected units sales are: 10,000 bags for quarter 1 and quarter 2's sale is Courses Grades going to increase by 10% of the quarter 1's sale. 2. Selling price is $50 per bag. Syllabus 2. Cost of each bag is $20. Calendar BC Peer Tutoring 3. Desired inventory levels are: 46 1. January 1 (Beginning of Quarter 1), 2,000 bags NetTutor 2. April 1 (Beginning of Quarter 2), 2,500 bags Inbox Renegade Hub for 3. July 1 (Beginning of Quarter 3), 3,000 bags. Canvas Help! 4. HINT: Ending inventory in one period becomes beginning inventory in the History following period. In other words, your beginning inventory for one period was Writing Center ending inventory for the previous period. 4. Selling and administrative expenses are expected to be 10% of sales plus $30,000 Studio per quarter. ? 5. Interest expense is $100,000 and income taxes are expected to be 25% of Help income before income taxes. Prepare the production budget. . For number of units, do NOT include decimal places. For example, if your answer is 5 units, then you should be typing 5 and NOT 5.00. K . For Production budget, all numbers should be entered without any decimal places.Spring 2023 Production Budget Home Foodie's Supply Company Announcements Production Budget Account Modules For the Six Months Ending in June 30, 2030 Textbook Dashboard Discussions Quarter 1 Quarter 2 Total Courses Grades (Jan - Mar) (Apr - Jun) (Six Months) Syllabus Expected Unit 10,000 11,000 Calendar BC Peer Tutoring Sales 46 NetTutor Desired Ending Inbox Finished Goods 2,500 3,000 Renegade Hub for Canvas Help! Units History Writing Center Total Required 12,500 14,000 Units Studio Beginning ? Finished Goods 2,000 2,500 Help Units Required Production 10,500 11,500 22,000 Units KSpring 2023 Home Announcements D Question 14 4 pts Account Modules Textbook Dashboard Bramble's standard quantities for 1 unit of product include 5 pounds of Discussions materials and 2.0 labor hours. The standard rates are $4 per pound and Courses Grades $10 per hour. The standard overhead rate is $7 per direct labor hour. Syllabus What is the total standard cost of Bramble's product? Calendar BC Peer Tutoring HINT: What is the total cost to create one unit of product? Think of all 46 manufacturing costs. NetTutor Inbox Renegade Hub for Canvas Help! O $17 History Writing Center O It cannot be determined. O $21 Studio O $54 ? Help O $40 D Question 15 4 pts K Goldbury Corp. planned to use 1 yard of plastic per unit budgeted at $81Spring 2023 Home D Question 15 4 pts Announcements Account Modules Goldbury Corp. planned to use 1 yard of plastic per unit budgeted at $81 Textbook a yard. However, the plastic actually costed $80 per yard. The company Dashboard Discussions used 2,900 yards and produced 2,960 units. How much is the materials Grades price variance? Courses Syllabus O $2,900 Unfavorable Calendar BC Peer Tutoring O $4,860 Unfavorable 46 NetTutor $4,860 Favorable Inbox Renegade Hub for Canvas Help! O $7,760 Unfavorable History Writing Center O $7,760 Favorable O $2,900 Favorable Studio ? Help D Question 16 4 pts Jones Manufacturing incurred fixed overhead costs of $10,000 and variable overhead costs of $4,600 to produce 1,000 gallons of liquid fertilizer. The standard hours allowed to produce 1,000 gallons of liquid K fertilizer is 2,100 direct labor hours. Predetermined overhead rate isSpring 2023 Home D Question 16 4 pts Announcements Account Modules Jones Manufacturing incurred fixed overhead costs of $10,000 and Textbook variable overhead costs of $4,600 to produce 1,000 gallons of liquid Dashboard Discussions fertilizer. The standard hours allowed to produce 1,000 gallons of liquid Grades fertilizer is 2,100 direct labor hours. Predetermined overhead rate is Courses $5/direct labor hour. What is the total overhead variance? Syllabus Calendar BC Peer Tutoring $4,100 Favorable 46 NetTutor O $9,600 Unfavorable Inbox Renegade Hub for $4,100 Unfavorable Canvas Help! History O $500 Unfavorable Writing Center $500 Favorable Studio O No variance ? O $9,600 Favorable Help Quiz saved at 8:08pm Submit Quiz K