Annie Oakley Farm Ltd manufactures and sells lavender candles. The following data is available for preparing...
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Annie Oakley Farm Ltd manufactures and sells lavender candles. The following data is available for preparing budgets for the first 2 quarters of 2024: 1. Sales: Quarter 1 Quarter 2 Sale Price Budget Sales 2. Direct materials: 1 Candle 0.25 kg Wax 0.10 kg Lavender 3. Desired inventory levels: Inventory 1 January 1 April 1 July Candles Lavender kg Wax kg 4. Direct labour: Direct labour is 15 minutes per candle at an hourly rate of $24 per hour. 5. Manufacturing overhead budget shows expected costs to be 150% of direct labour cost. Annie Oakley Farm Ltd manufactures and sells lavender candles. The following data is available for preparing budgets for the first 2 quarters of 2024: 1. Sales: Quarter 1 Quarter 2 Sale Price Budget Sales 2. Direct materials: 1 Candle 0.25 kg Wax 0.10 kg Lavender 3. Desired inventory levels: Inventory 1 January 1 April 1 July Candles Lavender kg Wax kg 4. Direct labour: Direct labour is 15 minutes per candle at an hourly rate of $24 per hour. 5. Manufacturing overhead budget shows expected costs to be 150% of direct labour cost.
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The correct answer is as follows 1 Sales The budgeted sales for Quarter 1 and Quarter 2 need to be d... View the full answer
Related Book For
Managerial Accounting Tools for business decision making
ISBN: 978-0470477144
5th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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