LEEcompany is doing the budget for month November 2021.The following data are provided. The company manufactures...

  

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LEEcompany is doing the budget for month November 2021.The following data are provided. The company manufactures tables for schools Sales in units 36,250 Budgeted manufacturing overhead $25000 Budgeted activity [DLH] 6600 hours Desired Ending Inventory 2100 units Beginning Inventory (production) 1600 units Hourly Rate for Direct Labour $37.20 For each television produced , they need 3 square feet of wood and metal that cost $54.50 per square foot. The company started the month with 450 TV in stock and it has decided to keep 300 TV as ending inventory The company uses 5 hours of direct labour to make one TV. The company uses DLH as the cost driver to allocate manufacturing overhead At the end of production it charges 35% margin over the unit cost REQUIRED 1. Make a production budget in units 2. Prepare a budget for the raw materials needed 3. Prepare a direct labour budget for the month LEEcompany is doing the budget for month November 2021.The following data are provided. The company manufactures tables for schools Sales in units 36,250 Budgeted manufacturing overhead $25000 Budgeted activity [DLH] 6600 hours Desired Ending Inventory 2100 units Beginning Inventory (production) 1600 units Hourly Rate for Direct Labour $37.20 For each television produced , they need 3 square feet of wood and metal that cost $54.50 per square foot. The company started the month with 450 TV in stock and it has decided to keep 300 TV as ending inventory The company uses 5 hours of direct labour to make one TV. The company uses DLH as the cost driver to allocate manufacturing overhead At the end of production it charges 35% margin over the unit cost REQUIRED 1. Make a production budget in units 2. Prepare a budget for the raw materials needed 3. Prepare a direct labour budget for the month

Answer rating: 100% (QA)

1 Production budget Sales units 36250 Add Closing FG 300 Total unit... View the full answer