Yogi Company expects to sell 1700 units of finished product in January and 2,050 units in February. The company has 250 units on hand on January 1 and desires to have an ending inventory equal to 40% of the next month's sales, March sales are expected to be 2.120 units. Prepare Yogi's production budget for January and February Select the labels, enter the amounts and prepare the production budget for January. Then, prepare the production budget for February Yogi Company Production Budget Two Months Ended January 31 and February, 28 January Selling price per unit 1700 Plus: Desired units in ending inventory Total units needed Units in beginning inventory Less Bate Yordi expects to produce 1,700 units in January and 2,170 units in February. The company budgets four pounds per unit of direct materials at a cost of $15 per pound Indirect materials are insignificant and not considered for budgeting purposes. The balance in the Raw Materials Inventory account (all direct materials) on January 1 is 5,600 pounds. Yordi desires the ending balance in Raw Materials Inventory to be 60% of the next month's direct materials needed for production Desired ending balance for February is 4,700 pounds. Prepare Yord's direct materials budget for January and February Begin by preparing the direct materials budget for January and February through total direct materials needed tine and then complete the budget by calculating the budgeted cost of direct materials purchases. Yordi Company Direct Materials Budget Two Months Ended January 31 and February 28 January February Budgeted units to be produced 1700 2170 Direct materials (pounds) per unit Direct materials needed for production Plus: Desired direct materials in ending inventory (pounds) 4 4 Total direct materials needed Yosko Company expects to produce 2,050 units in January that will require 6,150 hours of direct labor and 2.210 units in February that will require 6,630 hours of direct labor. Yosko budgets $6 per unit for variable manufacturing overhead: 51,600 per month for depreciation, and $49,520 per month for other fixed manufacturing overhead costs. Prepare Yosko's manufacturing overhead budget for January and February, including the predetermined overhead allocation rate using direct labor hours as the allocation base. (Abbreviations used: VOH - variable manufacturing overhoad, FOH = foxed manufacturing overhead) Yosko Company Manufacturing Overhead Budget Two Month Ended January 31 and February 28 January February Total VOH cost per unit Budgeted VOH Budgeted FOH Depreciation Other FOH costs Total budgeted FOH Budgeted manufacturing overhead costs Direct labor hours Budgeted manufacturing overhead costs Predetermined overhead allocation rate