Question: Selected information for Copycat Co . for June are summarized as follows: Estimated sales: Peach: 4 0 , 0 0 0 units at $ 1

Selected information for Copycat Co. for June are summarized as follows:
Estimated sales:
Peach: 40,000 units at $100 per unit
Apple: 20,000 units at $250 vvvvvvvvv mated inventories, June 1:
Material 1: 4,000 ounces.
Material 2: 3,600 ounces
Peach: 6,000 units @ $10= $60,000
Apple: 5,400 units @ $15= $81,000
Desired inventories at June 30:
Material 1: 4,000 ounces
Material 2: 2,250 ounces
Peach: 1,750 units @ $30= $52,500
Apple: 1,500 units @ $60= $90,000
Direct materials used in production:
Peach
Apple
Material 1:
2.6
ounces per unit
10.0 ounces per unit
Material 2:
4.0
ounces per unit
6.0 ounces per unit
Costs for direct materials per unit:
Material 1:
$3.50 per ounce.
Material 2:
$1.50 per ounce.
Direct labor requirements:
Sort
Paint
Peach
0.4 hr. per unit
0.15 hr. per unit
Apple
1.0 hr. per unit
0.25 hr. per unit
Sort
Paint
Direct labor rate
$15 per hr.
$24 per hr.
REQUIRED: For June
1. Prepare a sales budget.
2. Prepare a production budget.
3. Prepare a direct materials purchases budget.
4. Prepare a direct labor cost budget.

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