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MODULE 5 - INTEGRATED QUESTIONS ON MASTER BUDGET (OPERATING BUDGET UP TO MANUFACTURING OVERHEAD BUDGET SALES BUDGET Yoder Company manufactures luggage sets. Yoder sells its luggage sets to department stores. Yoder expects to sell 1,500 luegage sets for $175 each in January, and 1.750 luggage sets for $175 each in February. All sales are cash only. Prepare the sales budget for January and February. PRODUCTION BUDGET Review your results from the above sales budget. Yoder has 200 luggage sets on hand on January 1 and desires to have an ending inventory equal to 10% of the next month's sales. March sales are expected to be 1.800 luggage sets. Use this information and the sales budget prepared above to prepare Yoder's production budget for January and February DIRECT MATERIALS BUDGET Yoder budgets 2 UNITS of direct material per luggage set and each unit of direct material costs Yoder $30. Indirect materials are insignificant and not considered for budgeting purposes. The balance in the Raw Materials Inventory account (all direct materials) on January 1 is 1,500 units. Yoder desires the ending balance in Raw Materials Inventory to be 40% of the next month's direct materials needed for production. Desired ending balance for February is 1,560 units. Use this information and the previously prepared production budget to prepare Yoder's direct materials budget for January and February. DIRECT LABOUR BUDGET Yoder budgets two (2) direct labour hours per luggage set. Direct labour costs average $15 per hour Use this information and the production budget prepared earlier to prepare Yoder's direct labour budget for January and February MANUFACTURING OVERHEAD BUDGET Yoder budgets $5 per luggage set for variable manufacturing overhead: $1,500 per month for depreciation, and $16,265 per month for other fixed manufacturing overhead costs. Use this information and the production budget prepared in Short Exercise S22-4 to prepare Yoder's manufacturing overhead budget for January and February, including the predetermined overhead allocation rate using direct labour hours as the allocation base. USE THE ANSWER SHEETS PROVIDED TO ANSWER QUESTIONS MODULE 4 AND MODULE 5 AS I WILL NOT ACCEPT ANY OTHER FORMAT OF SUBMISSION. MODULE 5 - INTEGRATED QUESTIONS ON MASTER BUDGET OPERATING BUDGET UP TO MANUFACTURING OVERHEAD BUDGET 1) SALES BUDGET YODER COMPANY Sales Budget For the Two Months Ended February 28 January February Total Total sales 2) PRODUCTION BUDGET YODER COMPANY Production Budget For the Two Months Ended February 28 January February Total Plus: Total sets needed Less: Budgeted sets to be produced Show your calculations for in the box below: 3) DIRECT MATERIALS BUDGET YODER COMPANY Direct Materials Budget For the Two Months Ended February 28 January February Total Budgeted sets to be produced Direct materials per unit Total units of direct materials needed for production Plus: Desired direct materials in ending inventory Total direct materials needed Less: Direct materials in beginning inventory Direct materials purchases Cost per unit Budgeted purchases of direct materials Show your calculations for in the box below: 4) Direct Labour Budget YODER COMPANY Direct Labor Budget For the Two Months Ended February 28 January February Total Budgeted sets to be produced Direct labor hours per set Direct labor hours needed for production Direct labor cost per hour Budgeted direct labor cost 5) Manufacturing Overhead Budget YODER COMPANY Manufacturing Overhead Budget For the Two Months Ended February 28 January February Total Budgeted sets to be produced Variable overhead cost per set Budgeted variable overhead Budgeted fixed overhead: Total budgeted fixed overhead Budgeted manufacturing overhead costs Direct labor hours) Budgeted manufacturing overhead costs Predetermined overhead allocation rate Direct labor hours)