The budget director of Royal Furniture Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected data regarding 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 materials:
Fabric	420 sq. yds.
Wood	580 linear ft.
Filler	250 cu. ft.
Springs	660 units
Finished products:
King	90 units
Prince	25 units

c. Desired inventories at February 28:

Direct materials:
Fabric	390 sq. yds.
Wood	650 linear ft.
Filler	300 cu. ft.
Springs	540 units
Finished products:
King	80 units
Prince	35 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	4.2 cu. 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	3.4 cu. ft. per unit of product
Springs	12 units per unit of product

e. Anticipated purchase price for direct materials:

Fabric	$12.00	per sq. yd.
Wood	7.00	per linear ft.
Filler	$3.00	per cu. ft.
Springs	4.50	per unit

f. Direct labor requirements:

King:
Framing Department	1.2 hrs. at $12 per hr.
Cutting Department	0.5 hr. at $14 per hr.
Upholstery Department	0.8 hr. at $15 per hr.
Prince:
Framing Department	1.0 hr. at $12 per hr.
Cutting Department	0.4 hr. at $14 per hr.
Upholstery Department	0.6 hr. at $15 per hr.

Required:

D Home X D21 5-1 Problem Set: Module Five - / X CengageNOWv2 | Online teachin X MindTap - Cengage Learning * + https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false G Problem Set: Module 5 eBook 1. TMM.09.02 Royal Furniture Company 2. BE.09.02.EXCEL.ALGO Sales Budget For the Month Ending February 28 3. BE.09.01.EXCEL.ALGO Product and Area Unit Sales Unit Selling Volume Total Sales Price 4. TMM.08.01 King: 5. PR.08.028 Northern Domestic Southern Domestic International Total $ Prince Northern Domestic Southern Domestic International Tota Total revenue from sales $ 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 For the Month Ending February 28 Units King Prince Progress: 5/5 items Check My Work Previous Assignment Score: 80% All work saved. Email Instructor Save and Exit Submit Assignment for Grading2 Home X D21 5-1 Problem Set: Module Five - / X CengageNOWv2 | Online teachin x MindTap - Cengage Learning * + https://v2.cengagenow.com/ilmn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false A G . . . Problem Set: Module 5 eBook 1. TMM.09.02 3. Prepare a direct materials purchases budget for February. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 2. BE.09.02.EXCEL.ALGO Royal Furniture Company Direct Materials Purchases Budget 3. BE.09.01.EXCEL.ALGO For the Month Ending February 28 4. TMM.08.01 Direct Materials Fabric Noo Filler Springs 5. PR.08.028 (sq. yds.) (linear ft.) (cu. ft.) Total ( units ) Required units for production: King Prince |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. Royal Furniture Company Direct Labor Cost Budget For the Month Ending February 28 Framing Cutting Upholstery Department Total Department Department Hours required for production: King Prince Total Hourly rate Total direct labor cost Progress: 5/5 items Check My Work Previous Assignment Score: 80% All work saved. Email Instructor Save and Exit Submit Assignment for Grading