Question: Please this is a problem, at the bottom the requirements are listed on the last picture . I attached all the problems for a bettwe



















b. Prepare the production budget in units Production Budget For the Month of March Additional Blanket Information The company sews the blankets from fabric and sews on a logo patch purchased from the licensed logo store site. The teams are as follows: - Broncos, with red blankets and the Broncos logo - Rams, with black blankets and the Rams logo Also, the black blankets are slightly larger than the red blankets. re the production budget in units. Production Budget For the Month of March c. Prepare the direct material usage budget and direct material purchases budget. Begin with the physical units portion, then prepare the cost budget portion of the direct material usage budget. (For amounts with a zero balance. make sure to enter " 0 " in the appropriate cell.) Direct Material Usage Budget in Quantity and Dollars For the Month of March Now prepare March's direct material purchases budgot. Direct Materials Purchases Budget For the Month of March d. Prepare the direct manufacturing labor costs budget. (Abbreviation used: DMLH = Direct manufacturing labor hours) Direct Manufacturing Labor Costs Budget For tha Month of anch e. Prepare the manufacturing overhead costs budget. Start by selecing the formula, and calculating the budgeted variable manufacturing overhead costs for March. Now prepare the total manufacturing overhead cost budgets by entering the appropriate amounts then calculate the total manufacturing overhead costs. Now prepare the tolal manufacturing overtead cost budgets by entering the appropeiate amounts then calculate the fotal manufacturing overhead costs 1. Precare the ending irventorios budgot (oroct materials and firishod goods) Complefe the nfomation bolow by entering the appropriate arrounts to caloulate the uni costs of ending firithed goods invontory for the Beoncos blankets and Rams barkets. Fiernernber the fixod manufocturing overhoad rate is the todal fixed manufacturing overtioad divided by the loal diect manutacturing labor hours Unit Costs of Ending Finished Goods Inventory March 31, 2017 Now prepare the ending inventories budget. Cost of Goods Sold Budget For the Month of March, 2017 Beginning finished goods inventory, March 1 Direct materials used Direct manufacturing labor Manufacturing overhead Cost of goods manufactured Cost of goods available for sale Deduct ending finished goods inventory, March 31 Cost of goods sold Ao the budget schediles in regarement 1. prodixtion Budgeted Direct-Cost Inputs The budgeted direct-cost inputs for each nrndint in 3017 Direct Materials Unit data pertaining to the direct materials for March 2017 are as follows: Direct Materials Unit data pertaining to the direct materials for March 2017 are as follows: Direct-Cost Inputs Unit cost data for direct-cost inputs pertaining to February 2017 and March 2017 are as follows: Manufacturing Overhead Information The budgeted variable manufacturing overhead rate for March 2017 is $17 per direct manufacturing labor-hour. The budgeted fixed manufacturing overhead for March 2017 is $14,625. Both variable and fixed manufacturing overhead costs are allocated to each unit of finished goods. Finished Goods Inventory Data relating to finished goods inventory for March 2017 are as follows Sales and Other Information Budgeted sales for March 2017 are 140 units of the Broncos blankets and 195 units of the Rams blankets. The budgeted selling prices per unit in March 2017 are $305 for the Broncos blankets and $378 for the Rams blankets. Assume the following in your answer: - Work-in-process inventories are negligible and ignored. - Direct materials inventory and finished goods inventory are costed using the FIFO method. - Unit costs of direct materials purchased and finished goods are constant in March 2017 1. Prepare the following budgets for March 2017: a. Revenues budget b. Production budget in units c. Direct material usage budget and direct material purchases budget d. Direct manufacturing labor costs budget e. Manufacturing overhead costs budget f. Ending inventories budget (direct materials and finished goods) g. Cost of goods sold budget 2. Suppose Hale Specialties decides to incorporate continuous improvement into its budgeting. process. Describe two areas where it could incorporate continuous improvement into the budget schedules in requirement 1
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