Xavier 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 $2 per skein and 0.8 gallons of dye at a cost of S6 per gallon. All other materials are indirect. At the beginning of the year Xavier has an inventory of 458,000 skeins of wool at a cost of $961,800 and 4,000 gallons of dye at a cost of $23,680. Target ending inventory of wool and dye is zero. Xavier uses the FIFO inventory cost flow method. (Click the licon to view the additional information.) There is no direct manufacturing labor cost for dyeing. Xavier budgets 62 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. EEB (Click the icon to view the budgeted overhead costs.) Read the reguirements Requirement 1. Prepare a direct materialu in both units and dollars Data Table More Info The following table presents the budgeted overhead costs for the dyeing and weaving cost pools Xavier blue rugs are very popular and demand is high, but because of capacity constraints the firm wil produce only 200,000 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. Weaving Dyeing (based on 1,440,000 MH) (based on 12,400,000 DMLH) Xavier 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). Variable costs Indirect materials 15,400,000 5,540,000 2,270,000 6,560,000 Ubilities 7,550,000 Print Done Fixed costs 347,000 1,700,000 274,000 5,816,000 31,000,000 Indirect labor Dye To be purchased this period 2,100,000 723,000 Other Wool 17,280,000 $ Total budgeted costs Dye Direct materials to be used this period PrintDone Requirement 2. Calculate the budgeted overhead allocation rates for weaving and dyeing. Choose from any list or enter any number in the input fields and then continue to the next