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Try It! 6.4 Jimenez Corporation manufactures and sells two types of decorative lamps. Knox and Ayer. The following data are available for the year 2017.
Try It! 6.4 Jimenez Corporation manufactures and sells two types of decorative lamps. Knox and Ayer. The following data are available for the year 2017. Product Knox Ayer Target ending inventory in units 2,000 1.000 Direct materials Metal $ 3 per kilogram (same as in 2016) Fabric $ 4 per kilogram (same as in 2016) Direct manufacturing labour $20 per hour Machine setup overhead $130 per hour Content of Each Product Unit Product Knox Ayer Metal 2 kilograms 3 kilograms Fabric 1 metre 1.5 metres Direct manufacturing labour 0.15 hours 0.2 hours Machine setup overhead 0.03 hours 0.05 hours Direct Materials Metal Fabric Target ending inventory 10,000 kilograms 8.000 metres Calculate (1) the budgeted unit costs of ending finished goods inventory on December 31, 2017 (label it Schedule 6A) and (2) the ending inventories budget on December 31, 2017 (label it Schedule 6B)
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