Question
What is the Add: Desired ending materials inventory ( pounds ) Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at
What is the Add: Desired ending materials inventory pounds
Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $3 per pound and 0.5 direct labor hour at a rate of $18 per hour. Variable overhead is budgeted at a rate of $3 per direct labor hour Budgeted fixed overhead is $4,000 per month. The company's policy is to maintain direct materials inventory equal to 20% of the next month's direct materials requirement. At the end of February the company had 5,280 pounds of direct materials in inventory. The company's production budget reports the following. Production Budget Units to produce March 3, 3e April May 4, see (1) Prepare direct materials budgets for March and April (2) Prepare direct labor budgets for March and April. (3) Prepare factory overhead budgets for March and ApriL Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct materials budgets for March and April. GARDEN YETI Direct Materials Budget units to produce Materials required per unit (pounds) Materials needed for production (pounds) Add: Desired ending materials inventory (pounds) Total materials required (pounds) Less: Beginning materials inventory (pounds) Materials to purchase (pounds) Materials cost per pound. Cost of direct materials purchases arch 3,300 e 26,400 26,400 5,280 e 21, 120 April 4,600 e 36,800 36,800 7,360 e 29,440 s 30s 39 s 63,360 88,320
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