Question: please do full question and show all answers MCO Leather manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost of

please do full question and show all answers

purses. Each purse requires 3 pounds of direct materials at a cost

of $1 per pound and 07 direct labor hours at a rate

of $13 per hour . Variable manufacturing overhead is charged at a

MCO Leather manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost of $1 per pound and 07 direct labor hours at a rate of $13 per hour . Variable manufacturing overhead is charged at a rate of $2 per direct labor hour. Fixed manufacturing overhead is $16,000 per month. The company's policy is to end each month with direct materials inventory equal to 30% of the next month's materials requirement. At the end of August the company had 4,580 pounds of direct materials in inventory. The company's production budget reports the following. Production nudget September October Units to be produced 6,700 5,400 Novembar 6,500 (1) Prepare direct materials budgets for September and October (2) Prepare direct labor budgets for September and October (3) Prepare factory overhead budgets for September and October Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 Prepare direct materials budgets for September and October MCO Leather Direct Materials Budget For the Months of September and October September October Budgeted production (units) Materials requirements per unit() Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct materials budgets for September and October. October MCO Leather Direct Materials Budget For the Months of September and October September Budgeted production (units) Materials requirements per unit (lbs) Materials needed for production (lbs) Budgeted ending inventory (lbs) Total materials requirements (lbs.) Budgeted beginning inventory (lbs) Matenals to be purchased (lbs.) Direct material cost per lb Total budgeted direct materials Required Required 2 > Prev 1 of 3 Ne Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct labor budgets for September and October. (Round "DL hours required per unit" answers MCO Leather Direct Labor Budget For the Months of September and October September October Budgeted production (units) DL hours required per unit Total direct labor hours needed Direct labor rate per hour Total budgeted direct labor Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare factory overhead budgets for September and October. MCO Leather Factory Overhead Budget For the Months of September and October September October Total direct labor hours needed VOH rate per DL hour Budgeted variable overhead Budgeted fixed overhead Total budgeted factory overhead

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

The Blanket Company (TBC) manufactures two types of blankets. One is made of nylon. The other is made of wool. The budgeted per-unit contribution margin for each product follows. TBC expects to incur...

Please answer the budget fixed overhead part 1 MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $4 per pound and 0.7 direct labor hour at a rate...

I have 3 questions :) Please help within 45 minutes, thanks so much MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $4 per pound and 0.7 direct....

tz + 5 pora look MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $4 per pound and 07 direct labor hour at a rate of $15 per hour. Variable...

MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $4 per pound and 0.7 direct labor hour at a rate of $11 per hour. Variable overhead is budgeted...

MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $4 per pound and 0.7 direct labor hour at a rate of $13 per hour. Variable overhead is budgeted...

MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $4 per pound and 0.7 direct labor hour at a rate of $16 per hour Variable overhead is budgeted...

MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $5 per pound and 0.7 direct labor hour at a rate of $19 per hour. Variable overhead is budgeted...

MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $3 per pound and 0.7 direct labor hour at a rate of $12 per hour. Variable overhead is budgeted...

MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $3 per pound and 0.7 direct labor hour at a rate of $18 per hour. Variable overhead is budgeted...

Saved Homework: Master Budgets Assignment 4 MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $4 per pound and 0.7 direct labor hour at a rate of...

4. The data below shows the price data for 10 used cars from well-known brands, along with the variable age of the car (years), and the distance traveled (000km) from the car. Age of the car (years)...

Suppose that we can describe the world using two states and that two assets are available, asset K an asset L. We assume the assets future prices have the following distribution Suppose that we can...

Which one below is a major factor that affects bank s loan portfolio? The borrowers purpose of getting a loan. Whether the banks are in rural area or big city. Whether the customer promises to...

P-1) (100 Pts.) A chemical manufacturing company (CMC) has a contract for the procurement of the neccssaly chemicals from four suppliers. The chemicals purchased from Supplier A are priced at $20...

3. Analyzing a Film. View a feature film or a video (e.g., Chir-raq or Brooklyn) and assume the position of a researcher. Analyze the cultural meanings in the film from each of the three...

d. How were you expected to contribute to family life?

2. Analyzing Cultural Patterns. Find a text or speech that discusses some intercultural or cultural issues, and analyze the cultural patterns present in the text. Consider, for example, the I Have a...