Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost...
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Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $3 per pound and 0.4 direct labor hour at a rate of $12 per hour. Variable overhead is budgeted at a rate of $4 per direct labor hour. Budgeted fixed overhead is $4,800 per month. The company's policy is to maintain direct materials inventory equal to 30% of the next month's direct materials requirement. At the end of February the company had 7,200 pounds of direct materials in inventory. The company's production budget reports the following. Production Budget Units to produce March 3,000 April May 4,300 4,500 (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and April. (3) Prepare factory overhead budgets for March and April. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct materials budgets for March and April. GARDEN YETI Direct Materials Budget March April Units to produce Materials needed for production (pounds) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct labor budgets for March and April. (Round "DL hours required per unit" answers to two decimal places.) GARDEN YETI Direct Labor Budget Units to produce March April Direct labor hours needed 0 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare factory overhead budgets for March and April. GARDEN YETI Factory Overhead Budget Direct labor hours needed Budgeted variable overhead March April $ 0 $ 0 Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $3 per pound and 0.4 direct labor hour at a rate of $12 per hour. Variable overhead is budgeted at a rate of $4 per direct labor hour. Budgeted fixed overhead is $4,800 per month. The company's policy is to maintain direct materials inventory equal to 30% of the next month's direct materials requirement. At the end of February the company had 7,200 pounds of direct materials in inventory. The company's production budget reports the following. Production Budget Units to produce March 3,000 April May 4,300 4,500 (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and April. (3) Prepare factory overhead budgets for March and April. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct materials budgets for March and April. GARDEN YETI Direct Materials Budget March April Units to produce Materials needed for production (pounds) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct labor budgets for March and April. (Round "DL hours required per unit" answers to two decimal places.) GARDEN YETI Direct Labor Budget Units to produce March April Direct labor hours needed 0 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare factory overhead budgets for March and April. GARDEN YETI Factory Overhead Budget Direct labor hours needed Budgeted variable overhead March April $ 0 $ 0
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Posted Date:
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