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thumbs up please help :) Production, direct materials, and direct labor budgets Gerrad Manufacturing has projected sales of its product for the next six months
thumbs up please help :)
Production, direct materials, and direct labor budgets Gerrad Manufacturing has projected sales of its product for the next six months as follows: The finished product requires 3 pounds of raw material and 10 hours of direct labor. needs. January's beginning inventories are expected to conform to company policy. a. Prepare a production budget for February, March, and April. Note: Use a negative sign in your schedule to indicate that an amount is subtracted. b. Prepare a forecast of the units and cost of raw material that will be required for February, March, and April. The expected cost per pound of raw material is expected to be $2 in February, $2.30 in March, and $2.40 in April. c. Prepare a direct labor budget (assuming a \$12 per hour rate) for February, March, and AprilStep by Step Solution
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