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undefined The following data are available for the 2020 budget Direct materials Wood JD 7 per board foot (b.f.) (same as in 2019) Glass JD
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The following data are available for the 2020 budget Direct materials Wood JD 7 per board foot (b.f.) (same as in 2019) Glass JD 10 Sheet (Same as in 2019) Direct manufacturing labor JD 20 per hour Direct Materials Wood Glass Beginning inventory 70,000 b.f. 60,000 sheets Target ending inventory 80,000 b.f. 20,000 sheets If the budgeted sales in units, 25000 Chairs and 5000 Tables and Selling price for chair JD 300 and for table JD 400, Target ending inventory in units 4,000 for chair and 250 for table, beginning inventory in units 1000 for chair and 250 for table, and beginning inventory in dinars 384,000 for chair and JD 262,000 for table. Units of finished goods to be produced, direct materials for each chair 12 board feet of wood and 6 sheets Glass, and to produce Tables each table need direct materials 12 board feet and 8 sheets Glass. Each chair need 4 hours direct manufacturing labor, each table need 6 hours direct manufacturing labor. From the above data prepare the following: 1- The revenues budget 2- The production budget in units 3- Direct materials usage budget and direct materials purchases budgets. 4- Direct manufacturing labor costs budgetStep by Step Solution
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