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Tyler Company budgets the following unit sales for the next four months: April, 3,800 units; May, 4,100 units: June, 6,700 units; and July, 2,700 units.
Tyler Company budgets the following unit sales for the next four months: April, 3,800 units; May, 4,100 units: June, 6,700 units; and July, 2,700 units. The company's policy is to maintain finished goods inventory equal to 40% of the next month's unit sales. At the end of March, the company had 1,520 finished units in inventory. Prepare a production budget for each of the months of April, May, and June. MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $3 per pound and 0.7 direct labor hour at a rate of $18 per hour. Variable overhead is budgeted at a rate of $2 per direct labor hour. Budgeted fixed overhead is $17,000 per month. The company's policy is to end each month with direct materials inventory equal to 30% of the next month's direct materials requirement. At the end of August the company had 2,700 pounds of direct materials in inventory. The company's production budget reports the following. \begin{tabular}{cccc} Production Budget & September & October & November \\ Units to produce & 4,500 & 7,100 & 5,900 \end{tabular} (1) Prepare direct materials budgets for September and October. (2) Prepare direct labor budgets for September and October. (3) Prepare factory overhead budgets for September and October. Complete this question by entering your answers in the tabs below. Prepare direct materials budgets for September and October. MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a per pound and 0.7 direct labor hour at a rate of $18 per hour. Variable overhead is budgeted at a direct labor hour. Budgeted fixed overhead is $17,000 per month. The company's policy is to end with direct materials inventory equal to 30% of the next month's direct materials requirement. At August the company had 2.700 pounds of direct materials in inventory. The company's productic reports the following. Production Budget Units to produce September october November 4,500 7, 100 5,900 (1) Prepare direct materials budgets for September and October. (2) Prepare direct labor budgets for September and October. (3) Prepare factory overhead budgets for September and October. Complete this question by entering your answers in the tabs below. Prepare direct labor budgets for September and October. Note: Round "DL hours required per unit" answers to one decimal place. MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $3 per pound and 0.7 direct labor hour at a rate of $18 per hour. Variable overhead is budgeted at a rate of $2 per direct labor hour. Budgeted fixed overhead is $17,000 per month. The company's policy is to end each month with direct materials inventory equal to 30% of the next month's direct materials requirement. At the end of August the company had 2,700 pounds of direct materials in inventory. The company's production budget reports the following. (1) Prepare direct materials budgets for September and October. (2) Prepare direct labor budgets for September and October. (3) Prepare factory overhead budgets for September and October. Complete this question by entering your answers in the tabs below. Prepare factory overhead budgets for September and October
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