The ones I have done are my best guesses and may not be right so if the whole thing could be solved it would be much appreciated.
Sales, Production, Direct Materials Purchases, and Direct Labor Cost The budget director of Royal British 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 March is summarized as follows: a. Estimated sales of William and Kate chairs for March by sales territory: Eastern Domestic: William 7,500 units at $800 per unit 6,000 units at $650 per unit Kate Western Domestic: William 6,000 units at $700 per unit 5,000 units at $550 per unit Kate International: William 2,500 units at $600 per unit Kate 1,000 units at $350 per unit b. Estimated inventories at March 1: Finished products: Direct materials: 1,500 units Fabric William 5,500 sq. yds. 300 units Wood Kate 13,700 lineal ft. 3,800 cu. ft Filler Springs 3,500 units c. Desired inventories at March 31: Direct materials: Finished products: 9,000 sq. yds Fabric William 2,000 units Wood 20,000 lineal ft. 900 units Kate Filler 5,000 cu. ft. Springs 7,500 units d. Direct materials used in production: In manufacture of William: Fabric 4.0 sq. yds. per unit of product Wood 16 lineal ft. per unit of product Filler 3.8 cu. ft. per unit of product f Springs 14 units per unit of product In manufacture of Kate: Fabric 2.5 sq. yds. per unit of product Wood 12 lineal ft. per unit of product Filler 3.2 cu. ft. per unit of product 10 units per unit of product Springs e. Anticipated purchase price for direct materials: $9.00 per sq. yd Fabric Filler $1.50 per cu. ft. Wood Springs 2.00 per unit 5.00 per lineal ft. f. Direct labor requirements: William 2.5 hrs. at $15 per hr Framing Department 1.0 hr. at $12 per hr. Cutting Department Upholstery Department 3.0 hrs. at $16 per hr. Kate: 1.5 hrs. at $15 per hr Framing Department 0.5 hr. at $12 per hr. Cutting Department Upholstery Department 2.0 hrs. at $16 per hr Required: 1. Prepare a sales budget for March Royal British Furniture Company Sales Budget For the Month Ending March 31 Unit Sales Volume Unit Selling Price Product and Area William: Total Sales Eastern Domestic 7,500 800 6,000,000 Western Domestic 6,000 700 4,200,000 International 2,500 1,500,000 600 16,000 11,700,000 Total Kate: Eastern Domestic 6,000 650 3,900,000 Western Domestic 5,000 550 1,750,000 International 1,000 350,000 350 12,000 6,000,000 Total 17,700,000 Total revenue from sales 2. Prepare a production budget for March. Royal British Furniture Company Production Budget For the Month Ending March 31 William Units Kate Units Expected units to be sold 12,000 16,000 Plus desired inventory, March 31 2,000 900 Total 18,000 12,900 Less estimated inventory, March 1 1,500 300 Total units to be produced 16,500 12,600 3. Prepare a direct materials purchases budget for March. Royal British Furniture Company Direct Materials Purchases Budget For the Month Ending March 31 Fabric (sq. yds.) Wood (lineal ft.) Filler (cu. ft.) Springs (units) Total Required units for production: William 66,000 264,000 62,700 231,000 Kate 31,500 151,200 40,320 126,000 Plus desired inventory, March 31 Total Less estimated inventory, March 1 Total units to be purchased Unit price Total direct materials to be purchased 4. Prepare a direct labor cost budget for March. Royal British Furniture Company Direct Labor Cost Budget For the Month Ending March 31 Upholstery Department Total Framing Department Cutting Department Hours required for production: William Kate Total Hourly rate Total direct labor cost
