Question: Question 1. James Company is preparing budgets for the Third quarter of 2019. All relevant information is presented below. A. James Company expects sales as


Question 1. James Company is preparing budgets for the Third quarter of 2019. All relevant information is presented below. A. James Company expects sales as shown below: 25 000 September 3600 Ne December The sales price is $32 per unit. The desired ending inventory of units is 15% higher than the beginning inventory of 1,000 units Prepare a sales budget for the third quarter, in total, October by month. B. James Company is preparing a production budget for the third quarter. Ending inventory level must equal 15% of the next month's sales. Prepare a production budget for the third quarter, in total, October and November by month. oguu Keptember aute n te Les Using Budged withe Produced C. James Company uses 3 pounds of direct materials for each unit it produces, at a cost of S6 per pound. Management desires an ending inventory of 15% of next month's materials needed for production. The company ends with 24320 pounds of material in Raw Materials Inventory in October c Prepare a Direct Materials Budget for the third quarter, in total and October by month. Jagdspot B edste Produced Materials wird Material units needed for product Plus desired bedredonde Question 2. Ayman Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.45 direct labor- hours. The direct labor rate is $11.5 per direct labor-hour. The production budget calls for producing 3500 units in April and 4000 units in May. If the direct labor work force is fully adjusted to the total direct labor-hours needed each month, what would be the total combined direct labor cost for the two months? Question 3. Jack Inc has forecast production for the next three months as follows: January 3000 units, February 4000 units, March 4500 units. Monthly manufacturing overhead is budgeted to be $20,000 plus $3.5 per unit produced. What would be the total combined budgeted manufacturing overhead for February and March
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
