The "$17 Per Hour" photoshop is intentional

Problems Part III. Problem #1 a. Garrett Company manufactures luggage sets. Garrett sells ge sets to department stores. Garrett expects to sell 1,500 luggage sets for s180 each in January, and 1,750 sets for $180 in February. All sales are cash only. Prepare the sales budget for January and February. b. Garrett has 190 luggage sets on hand January 1 and desires to have an ending inventory on sets. equal to 10% of the next month's sales. March sales are expected to be 1,800 luggage Use this information and the sales budget information in part a to prepare Garrett's production budget for January and February. insignificant c. Garrett budgets $68 per luggage set for direct materials. Indirect materials are and not considered for budgeting purposes. The balance in the Raw materials Inventory account (all direct materials) on January 1 is s45,000. Garrett desires the ending balance in Raw Materials Inventory to be 40% of the next month's direct materials needed for production. Desired ending inventory for February is $46,800. Use this information and the production budget in part b to prepare Garrett's direct materials budget for January and February. average s17 per d. Garrett budgets four direct labor hours per luggage set. Direct labor costs Garrett's hour. Use this information and the production budget in part b to prepare direct labor budget for January and February. GARRETT COMPANY Sales Budget For the Two Months Ended February 28 January February Total Budgeted sets to be sold Sales price per set Total sales GARRETT COMPANY