Question: Atkinson's Reliable Tools makes two products that use similar raw materials: #587Q and #253X. Estimated production needs for a unit of each product follow. Estimated

Atkinson's Reliable Tools makes two products that use similar raw materials: #587Q and #253X. Estimated production needs for a unit of each product follow.

Estimated sales in units by product for 2011 are 80,000 of #587Q and 30,000 of #253X. Additionally, estimated beginning and desired ending inventory quantities for 2011 are as follows.

Overhead is applied to production at the rate of $15 per machine hour and the direct labor wage rate is $10.50 per hour. Prepare the production, purchases, direct labor, and overhead budgets for2011.

#587Q #253x Steel (in pounds) Wood (in board feet) Direct labor (in hours) Machine hours 0.5 0.2 05 0.7 Beginning Ending #5870(units) #253x (units) Steel (in pounds) Wood (in board feet) 800 1,200 2,000 800 640 900 ,400 600

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