Hockey Pro budgets 320 hours of direct labor during May. The company applies variable overhead at...

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Hockey Pro budgets 320 hours of direct labor during May. The company applies variable overhead at the rate of $18 per direct labor hour. Budgeted fixed overhead equals $46,000 per month. Prepare a factory overhead budget for May. HOCKEY PRO Factory Overhead Budget Direct labor hours needed Budgeted variable overhead May Budgeted total factory overhead $ 0 Ruiz Company provides the following budgeted sales for the next four months. The company wants to end each month with ending finished goods inventory equal to 25% of next month's budgeted unit sales. Finished goods inventory on April 1 is 125 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units April 500 May June 580 540 July 620 RUIZ COMPANY Production Budget April May June 580 540 620 Next period budgeted sales units 580 540 620 Ratio of inventory to future sales 25% 25% 25% 145 135 155 Total required units 500 580 540 645 715 695 Units to produce (125) Hockey Pro budgets 320 hours of direct labor during May. The company applies variable overhead at the rate of $18 per direct labor hour. Budgeted fixed overhead equals $46,000 per month. Prepare a factory overhead budget for May. HOCKEY PRO Factory Overhead Budget Direct labor hours needed Budgeted variable overhead May Budgeted total factory overhead $ 0 Ruiz Company provides the following budgeted sales for the next four months. The company wants to end each month with ending finished goods inventory equal to 25% of next month's budgeted unit sales. Finished goods inventory on April 1 is 125 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units April 500 May June 580 540 July 620 RUIZ COMPANY Production Budget April May June 580 540 620 Next period budgeted sales units 580 540 620 Ratio of inventory to future sales 25% 25% 25% 145 135 155 Total required units 500 580 540 645 715 695 Units to produce (125)