Yogi Company expects to sell 1,800 units of finished product in January and 2,150 units in February. The company has 180 units on hand on January 1 and desires to have an ending inventory equal to 60% of the next month's sales. March sales are expected to be 2,270 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 Plus: Total units needed Less: Budgeted units to be produced Choose from any list or enter any number in the input fields and then click Check Answer. (? part remaining Clear All Check AnswerYandell expects to produce 1,700 units in January and 2, 150 units in February. The company budgets 4 pounds per unit of direct materials at a cost of $45 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 5,800 pounds. Yandell desires the ending balance in Raw Materials Inventory to be 40% of the next month's direct materials needed for production. Desired ending balance for February is 4,400 pounds. Prepare Yandell's direct materials budget for January and February. Begin by preparing the direct materials budget for January and February through total direct materials needed line and then complete the budget by calculating the budgeted cost of direct materials purchases. Yandell Company Direct Materials Budget Two Months Ended January 31 and February 28 January February Direct materials (pounds) per unit Direct materials needed for production Plus: Total direct materials needed Choose from any list or enter any number in the input fields and then click Check Answer. (? part Clear All Check AnswerYeaman Company expects to produce 2,010 units in January that will require 10,050 hours of direct labor and 2,230 units in February that will require 11, 150 hours of direct labor. Yeaman budgets $7 per unit for variable manufacturing overhead; $1,400 per month for depreciation; and $47,360 per month for other fixed manufacturing overhead costs. Prepare Yeaman'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 overhead; FOH = fixed manufacturing overhead.) 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