Electro Company budgets production of 450,000 transmissions in the second quarter and 520,000 transmissions in the third quarter. Each transmission requires 0.80 pounds of a key raw material. Electro Company aims to end each quarter with an ending inventory of direct materials equal to 20% of next quarter’s budgeted materials requirements. Beginning inventory of this raw material is 72,000 pounds. Direct materials cost $1.70 per pound. Prepare a direct materials budget for the second quarter.
Answer to relevant QuestionsBranson Belts makes hand-crafted belts. The company budgets production of 4,500 belts during the second quarter. Each belt requires 4 direct labor hours, at a cost of $12 per hour. Prepare a direct labor budget for the ...Use the following information to prepare the July cash budget for Acco Co. It should show expected cash receipts and cash disbursements for the month and the cash balance expected on July 31. a. Beginning cash balance on ...Near the end of 2015, the management of Dimsdale Sports Co., a merchandising company, prepared the following estimated balance sheet for December 31, 2015. To prepare a master budget for January, February, and March of 2016, ...Google monitors its fixed overhead. In an analysis of fixed overhead cost variances, what is the volume variance? Refer to the information in Exercise and compute the In exercise A manufactured product has the following information for June. (1) Direct labor rate (2) Direct labor efficiency variances. Indicate whether each variance ...
Post your question