danner farm supply company

Project Description:

danner farm supply company manufactures and sells a pesticide called snare. the following data are available for preparing budgets for snare for the first 2 quarters of 2013.
sales: quarter 1, 28,000 bags; quarter 2, 42,000 bags. selling price is $60 per bag.
direct materials: each bag of snare requires 4 pounds of gumm at a cost of $4 per pound and 6 pounds of tarr at $1.50 per pound.
desired inventory levels:
type of inventory january 1 april 1 july 1
snare (bags) 8,000 12,000 18,000
gumm (pounds) 9,000 10,000 13,000
tarr (pounds) 14,000 20,000 25,000



direct labor: direct labor time is 15 minutes per bag at an hourly rate of $14 per hour.
selling and administrative expenses are expected to be 15% of sales plus $175,000 per quarter.
income taxes are expected to be 30% of income from operations.
your assistant has prepared two budgets: (1) the manufacturing overhead budget shows expected costs to be 150% of direct labor cost. (2) the direct materials budget for tarr shows the cost of tarr purchases to be $297,000 in quarter 1 and $421,500 in quarter 2.
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Project Stats:

Price Type: Negotiable

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