Xander Manufacturing

Xander Maracturing Company manufactures in wool and year s regibus we know a cost of $ 3 d 0.8 gallons de colofon Alma indirect. Al the beginning of the year ander has an inventory of 448.000 h of wool cost of 85.600 and 300 gallons of dye at a cost of $21.600 Turgut ending inventory of wool and dye is more Xander uses the FIFO invertory cost how method conthe w om ) There is no direct manufacturing word for dyeing Xander b is direct masturing labor hours to weave a budge t of 13 per hour it but machine hours to dye sach in the dying process Cheche buy Read e rs Requirement 1. Prepare a direct ma n age budget is both unit and dollars Begin with the physical portion, the prepare the cost budget portion of the direct material age budget Direct Material Usage Budget in Quantity and Dollars Physical Units Budget BL Cost Budget (under firo out tow moumption) Wiel Dye To be purchased period Xander blue rugs are very popular and demand is high, but because of capacity constraints the firm will produce only 205,000 blue rugs per year. The budgeted selling price is $2,000 each. There are no rugs in beginning inventory. Target ending inventory of rugs is also zero. Xander makes rugs by hand, but uses a machine to dye the wool. Thus, overhead costs are accumulated in two cost pools-one for weaving and the other for dyeing. Weaving overhead is allocated to products based on direct manufacturing labor-hours (DMLH). Dyeing overhead is allocated to products based on machine-hours (MH). Print Print Done one Done The following table presents the budgeted overhead costs for the dyeing and weaving cost pools: Dyeing (based on 1,476,000 MH) Weaving (based on 12,300,000 DMLH) Variable costs Indirect materials Maintenance 6,555,000 7,555,000 15,390,000 5,520,000 2,035,000 Utilities Fixed costs Indirect labor Depreciation 1.720,000 265,000 352,000 2,163,000 718,000 17,343,000 $ Other 5,820,000 30,750,000 Total budgeted costs Xander Manufacturing Company manufactures blue rugs, using wool and dye as direct materials. One rug is budgeted to A (Click the icon use 36 skeins of wool at a cost of $3 per skin and 0.8 gallons of dye at a cost of $6 per gallon. All other materials are indirect. At the beginning of the year Xander has an inventory of 448.000 skeins of wool at a cost of $985,600 and 3,800 There is no direct cost rug at a budgeted gallons of dye at a cost of $21,660. Target ending inventory of wool and dye is zero. Xander uses the FIFO inventory cost flow method. Click the icon Read the requirem Requirement 2. Calculate the budgeted overhead allocation rates for weaving and dyeing. Begin by determining the formula, then calculate the budgeted overhead allocation rate for weaving. (Round your answer to the nearest cent.) - Budgeted manufacturing overhead rate Begin by determining the formula, then calculate the budgeted overhead allocation rate for dyeing. (Round your answer to the nearest cent.) J - Budgeted manufacturing overhead rate Requirement 3. Calculate the budgeted unit cost of a blue rug for the year. (Round your answers to two decimal places.) Budgeted Cost per unit of input Input per unit of output X unit cost Wool Dye Direct manufacturing labor Dyeing overhead Weaving overhead Total Requirement 4. Calculate the budgeted cost of goods sold for blue rugs assuming sales of 205,000 rugsFor amounts with a $0 balance, make sure to enter "o" in the appropriate coll) Cost of Goods Sold Budget (a) 205,000 units Beginning finished goods inventory Direct materials used Direct manufacturing labor Manufacturing overhead Cost of goods manufactured Cost of goods available for sale Deductending finished goods inventory Cost of goods sold Xander Manufacturing Company manufactures blue rugs, using wool and dye as direct materials. One rug is budgeted to use 36 skeins of wool at a cost of $3 per skein and 0.8 gallons of dye at a cost of $6 per gallon. All other materials are indirect. At the beginning of the year Xander has an inventory of 448,000 skeins of wool at a cost of $985,600 and 3,800 gallons of dye at a cost of $21,660. Target ending inventory of wool and dye is zero. Xander uses the FIFO inventory cost flow method. ma Requirement 1. Prepare a direct material usage budget in both units and dollars. Wool Total wool Begin with the physical units portion, then prepare the cost budget portion of the direct material usage budget. Direct Material Usage Budget in Quantity and Dollars Material Dye Physical Units Budget Direct materials required for Blue rugs Cost Budget Available from beginning direct materials inven (under a FIFO cost-flow assumption) Wool Dye To be purchased this period Wool Dye | Direct materials to be used this period Xander Manufacturing Company manufactures blue rugs, using wool and dye as direct materials. One rug is budgeted to use 36 skeins of wool at a cost of $3 per skin and 0.8 gallons of dye at a cost of $6 per gallon All other materiale are indirect. At the beginning of the year Xander has an inventory of 448,000 skins of wool at a cost of $985,600 and 3.800 gallons of dye at a cost of $21,660. Target ending inventory of wool and dye is zero. Xander uses the FIFO inventory cost flow method. (Click the icon to view the additional information.) There is no direct manufacturing labor cost for dyeing, Xander budots 80 direct manufacturing labor hours to weave a rug at a budgeted rate of $13 per hour. It budgets 0.2 machine-hours to dye each skein in the dyeing process (Click the icon to view the budgeted overhead costs.) Read the requirements Requirement 1. Prepare a direct material usage budget in both units and dollars. Begin with the physical units portion, then prepare the cost budget portion of the direct material usage budget. Direct Material Usage Budget in Quantity and Dollars Material Wool Dye Total Physical Units Budget Direct materials required for Blue rugs Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Wool Dye