Question: please answer requirement b Homework: Ch 6 HW 10 points Save Score: 0.15 of 1 pt 1 of 5 (5 complete) HW Score: 83%, 4.15
please answer requirement b



Homework: Ch 6 HW 10 points Save Score: 0.15 of 1 pt 1 of 5 (5 complete) HW Score: 83%, 4.15 of 5 pts T16-2 (similar to) Question Help Magnify Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. It expects to manufacture 26,000 Knox lamps and 9,000 Ayer lamps in 2017. The following data are available for the year 2017. (Click the icon to view the information.) = (Click the icon to view the December 31, 2017 production budget in units.) 18,000 yards Calculate (a) the direct materials usage budget in quantity and dollars (label it Schedule 3A); (b) the direct materials purchase budget in quantity and dollars (label it Schedule 3B); and (c) the direct manufacturing labor costs budget (label it Schedule 4) for the year ending December 31, 2017 Physical Units Budget Direct materials required for Knox lamps 104,000 lbs. 26,000 yards Direct materials required for Ayer lamps 45,000 lbs. 149,000 in 44,000 Total quantity of direct materials to be used yards Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Metal Fabric To be purchased and used this period Metal Fabric Direct materials to be used this period de pe rson to wed his periods = Enter any number in the edit fields and then click Check Answer. Ayer 9,000 Schedule 2: Production Budget (in Units) for the Year Ending December 31, 2017 Knox Budgeted units sales 27,000 Add target ending finished goods inventory 1,600 Total required units 28,600 Deduct beginning finished goods inventory 2,600 26,000 Units of finished goods to be produced 600 9,600 600 9,000 Print Done Direct materials Metal Fabric Direct manufacturing labor $ 2 per pound (same as in 2016) $ 3 per yard (same as in 2016) $ 14 per hour Content of Each Product Unit Product Knox Ayer Metal 4 pounds Fabric Direct manufacturing labor 1 yard 0.25 hours 5 pounds 2 yards 0.35 hours Direct Materials Fabric Beginning inventory Target ending inventory Metal 8,000 pounds 6,000 pounds 10,000 yards 8,000 yards Print | Done Done
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
