Question: i pay for chegg im not using anything else or paying you to solve this! 33. Monker Dining Room Furniture manufactures two models of dining
33. Monker Dining Room Furniture manufactures two models of dining table sets: Traditional and Contemporary. Manufacturing requirements are as follows: TRADITIONAL CONTEMPORARY Materials Oak: 100 square feet Oak: 60 square feet Glass top: 1 Labor 15 hours 20 hours Cost of: Glass tops $200 each Oak 15 per square foot Direct labor 25 per direct labor hour Variable manufacturing overhead 10 per direct labor hour This year, Monker sold 1,000 Traditional sets at $2,500 each and 900 Contemporary sets at $3,000 each. Fixed manufacturing overhead was $500,000, and period expenses (all fixed) were $700,000. Monker estimates that sales of both products will increase 10% each year in the future, and that total fixed costs and per-unit variable costs will remain the same as this year. Monker's inventory policy is to end each period with 10% of the following year's sales needs in finished goods inventory. Ending finished goods inventory this year is worth $450,000. Prepare all budgets necessary to result in a budgeted income statement for next year
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