Lens Junction sells lenses for $46 each and is estimating sales of 16,000 units in January...

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Lens Junction sells lenses for $46 each and is estimating sales of 16,000 units in January and 18,000 in February. Each lens consists of 2 pounds of silicon costing $2.50 per pound, 3 oz of solution costing $3 per ounce, and 30 minutes of direct labor at a labor rate of $18 per hour. Desired inventory levels are: Jan. 31 Feb. 28 Mar. 31 Beginning inventory Finished goods 4,500 4,700 5,200 Direct materials: silicon 8,500 9,100 9,200 Direct materials: solution 11,100 12,200 13,200. Prepare a sales budget. Lens Junction Sales Budget For the Two Months Ending February 28, 20XX Expected Sales (Units) Sales Price per Unit Total Sales Revenue Total January February 1000 1000 Prepare a production budget. Lens Junction Production Budget For the Two Months Ending February 28, 20XX Expected Sales Total Required Units Required Production Total Feedback Check My Work January February Prepare direct materials budget for silicon. Check My Work Lens Junction Direct Materials Budget for Silicon For the Two Months Ending February 28, 20XX Units to be Produced Direct Material per Unit Total Ounces Needed for Production January February 88 Units to be Produced Direct Material per Unit Total Ounces Needed for Production Total Material Required Ounces of Direct Material Purchase Requirements Cost per Ounce Total Cost of Direct Material Purchase Total Direct Materials Silicon for Two Months Ending February 28, 20XX Feedback Check My Work Incorrect Prepare direct materials budget for solution. Units to be Produced Direct Material per Unit Total Ounces Needed for Production Check My Work January February Lens Junction Direct Materials Budget for Solution For the Two Months Ending February 28, 20XX OUD January February Units to be produced Direct Material per Unit Total Ounces Needed for Production Add: Beginning Inventory Total Material Required Less: Desired Ending Inventory Ounces of Direct Material Purchase Requirements Cost per Ounce Total Cost of Direct Material Purchase Total Direct Materials Solution for Two Months Ending February 28, 20XX Feedback Check My Work Incorrect X Prepare a direct labor budget. Lens Junction Direct Labor Budget For the Two Months Ending February 28, 20XX Units to be Produced Direct Labor Hours per Unit Total Required Direct Labor Hours Labor Coet nar Hour January February January February ant nem Feedback Check My Work Incorrect Prepare a direct labor budget. Units to be Produced Direct Labor Hours per Unit Total Required Direct Labor Hours Labor Cost per Hour Total Direct Labor Cost Total Direct Labor Budget For Two Months Ending February 28, 20XX Feedback Check My Work Incorrect Feedback Lens Junction Direct Labor Budget. For the Two Months Ending February 28, 20XX Check My Work Incorrect January February 10000 Lens Junction sells lenses for $46 each and is estimating sales of 16,000 units in January and 18,000 in February. Each lens consists of 2 pounds of silicon costing $2.50 per pound, 3 oz of solution costing $3 per ounce, and 30 minutes of direct labor at a labor rate of $18 per hour. Desired inventory levels are: Jan. 31 Feb. 28 Mar. 31 Beginning inventory Finished goods 4,500 4,700 5,200 Direct materials: silicon 8,500 9,100 9,200 Direct materials: solution 11,100 12,200 13,200. Prepare a sales budget. Lens Junction Sales Budget For the Two Months Ending February 28, 20XX Expected Sales (Units) Sales Price per Unit Total Sales Revenue Total January February 1000 1000 Prepare a production budget. Lens Junction Production Budget For the Two Months Ending February 28, 20XX Expected Sales Total Required Units Required Production Total Feedback Check My Work January February Prepare direct materials budget for silicon. Check My Work Lens Junction Direct Materials Budget for Silicon For the Two Months Ending February 28, 20XX Units to be Produced Direct Material per Unit Total Ounces Needed for Production January February 88 Units to be Produced Direct Material per Unit Total Ounces Needed for Production Total Material Required Ounces of Direct Material Purchase Requirements Cost per Ounce Total Cost of Direct Material Purchase Total Direct Materials Silicon for Two Months Ending February 28, 20XX Feedback Check My Work Incorrect Prepare direct materials budget for solution. Units to be Produced Direct Material per Unit Total Ounces Needed for Production Check My Work January February Lens Junction Direct Materials Budget for Solution For the Two Months Ending February 28, 20XX OUD January February Units to be produced Direct Material per Unit Total Ounces Needed for Production Add: Beginning Inventory Total Material Required Less: Desired Ending Inventory Ounces of Direct Material Purchase Requirements Cost per Ounce Total Cost of Direct Material Purchase Total Direct Materials Solution for Two Months Ending February 28, 20XX Feedback Check My Work Incorrect X Prepare a direct labor budget. Lens Junction Direct Labor Budget For the Two Months Ending February 28, 20XX Units to be Produced Direct Labor Hours per Unit Total Required Direct Labor Hours Labor Coet nar Hour January February January February ant nem Feedback Check My Work Incorrect Prepare a direct labor budget. Units to be Produced Direct Labor Hours per Unit Total Required Direct Labor Hours Labor Cost per Hour Total Direct Labor Cost Total Direct Labor Budget For Two Months Ending February 28, 20XX Feedback Check My Work Incorrect Feedback Lens Junction Direct Labor Budget. For the Two Months Ending February 28, 20XX Check My Work Incorrect January February 10000

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