ACCT 406 Wk2 Q7
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v Part4 of 4 0/10 points awarded eBook References I Required information [The following information applies to the questions displayed below.] Black Diamond Company produces snowboards. Each snowboard requires 2 pounds of carbon fiber. Management reports that 5,000 snowboards and 6,000 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that 150,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with 3,500 snowboards and 4,000 pounds of carbon fiber in inventory. Carbon fiber costs $15 per pound. Each snowboard requires 0.5 hour of direct labor at $20 per hour. Variable overhead is budgeted at the rate of $8 per direct labor hour. The company budgets fixed overhead of $1,782,000 for the quarter. 4. Prepare the factory overhead budget for the third quarter. [ BLACK DIAMOND COMPANY ] = Factory Overhead Budget = % Third Quarter—‘ Direct labor hours needed 74,250 ariable overhead rate per direct labor hour l o R 8 Budgeted variable overhead $ 594 000 udgeted fixed overhead | v 1,782,000 Budgeted total factory overhead $ 2,376,000
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vaghela1
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Required information
[The following information applies to the questions displayed below]
Black Diamond Company produces snowboards. Each snowboard requires 3 pounds of carbon fiber. Management reports
that 5,100 snowboards and 6,100 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that
151,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with
3.600 snowboards and 4,100 pounds of carbon fiber in inventory. Carbon fiber costs $16 per pound. Each snowboard
requires 0.5 hour of direct labor at $21 per hour. Variable overhead is budgeted at the rate of $9 per direct labor hour. The
company budgets fixed overhead of $1.783,000 for the quarter.
Show Transcribed Text
D
3. Prepare the direct labor budget for the third quarter.
BLACK DIAMOND COMPANY
Units to produce
Direct labor hours needed
Cost of direct labor
Direct Labor Budget
Third Quarter
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None
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Deacon Inc. produces leather shoes. The production budget for the next four months is: July 5350 units, August 6780, September 7360, October 8180. Each shoe
requires 0.8 square meters of leather. Deacon Inc.'s leather inventory policy is 34% of next month's production needs. If the leather policy is met, what will the
October inventory be?
vi
Question 2 of 5
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Hi experts please answer the financial accounting question
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Required information
[The following information applies to the questions displayed below.]
Black Diamond Company produces snowboards. Each snowboard requires 2 pounds of carbon fiber. Management reports
that 6,400 snowboards and 7,400 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that
164,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with
4,900 snowboards and 5,400 pounds of carbon fiber in inventory. Carbon fiber costs $13 per pound. Each snowboard
requires 0.5 hour of direct labor at $18 per hour. Variable overhead is budgeted at the rate of $8 per direct labor hour. The
company budgets fixed overhead of $1,796,000 for the quarter.
4. Prepare the factory overhead budget for the third quarter.
BLACK DIAMOND COMPANY
Factory Overhead Budget
Third Quarter
Direct labor hours needed
Budgeted variable overhead
Budgeted total factory overhead
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Please help me with all answers and do not give solution in image format thanku
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Required information
[The following information applies to the questions displayed below.]
Black Diamond Company produces snowboards. Each snowboard requires 2 pounds of carbon fiber. Management reports
that 6,900 snowboards and 7,900 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that
169,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with
5,400 snowboards and 5,900 pounds of carbon fiber in inventory. Carbon fiber costs $18 per pound. Each snowboard
requires 0.5 hour of direct labor at $23 per hour. Variable overhead is budgeted at the rate of $13 per direct labor hour.
The company budgets fixed overhead of $1,801,000 for the quarter.
2. Prepare the direct materials budget for the third quarter.
BLACK DIAMOND COMPANY
Direct Materials Budget
Units to produce
Budgeted units sales for month
Materials needed for production (pounds)
Add: Desired ending materials inventory (pounds)
Total…
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Required information
[The following information applies to the questions displayed below.]
Black Diamond Company produces snowboards. Each snowboard requires 3 pounds of carbon fiber. Management reports
that 5,300 snowboards and 6,300 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that
153,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with
3,800 snowboards and 4,300 pounds of carbon fiber in inventory. Carbon fiber costs $18 per pound. Each snowboard
requires 0.5 hour of direct labor at $23 per hour. Variable overhead is budgeted at the rate of $11 per direct labor hour.
The company budgets fixed overhead of $1,785,000 for the quarter.
3. Prepare the direct labor budget for the third quarter.
BLACK DIAMOND COMPANY
Units to produce
Direct labor hours needed
Cost of direct labor
Direct Labor Budget
Third Quarter
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Required information
[The following information applies to the questions displayed below.]
Black Diamond Company produces snow skis. Each ski requires 2 pounds of carbon fiber. The company's management
predicts that 5,000 skis and 6,000 pounds of carbon fiber will be in inventory on June 30 of the current year and that
150,000 skis will be sold during the next (third) quarter. A set of two skis sells for $300. Management wants to end the
third quarter with 3,500 skis and 4,000 pounds of carbon fiber in inventory. Carbon fiber can be purchased for $15 per
pound. Each ski requires 0.5 hours of direct labor at $20 per hour. Variable overhead is applied at the rate of $8 per
direct labor hour. The company budgets fixed overhead of $1,782,000 for the quarter.
Required:
1. Prepare the third-quarter production budget for skis.
BLACK DIAMOND COMPANY
Production Budget (in units)
Third Quarter
Required units of available production
Units to be manufactured
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Required information
[The following information applies to the questions displayed below.]
Black Diamond Company produces snow skis. Each ski requires 2 pounds of carbon fiber. The company's management
predicts that 5,000 skis and 6,000 pounds of carbon fiber will be in inventory on June 30 of the current year and that
150,000 skis will be sold during the next (third) quarter. A set of two skis sells for $300. Management wants to end the
third quarter with 3,500 skis and 4,000 pounds of carbon fiber in inventory. Carbon fiber can be purchased for $15 per
pound. Each ski requires 0.5 hours of direct labor at $20 per hour. Variable overhead is applied at the rate of $8 per
direct labor hour. The company budgets fixed overhead of $1,782,000 for the quarter.
4. Prepare the factory overhead budget for the third quarter.
BLACK DIAMOND COMPANY
Factory Overhead Budget
Third Quarter
Total labor hours needed
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Required information
[The following information applies to the questions displayed below.]
Black Diamond Company produces snowboards. Each snowboard requires 2 pounds of carbon fiber. Management reports
that 6,000 snowboards and 7,000 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that
160,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with
4,500 snowboards and 5,000 pounds of carbon fiber in inventory. Carbon fiber costs $25 per pound. Each snowboard
requires 0.5 hour of direct labor at $30 per hour. Variable overhead is budgeted at the rate of $18 per direct labor hour.
The company budgets fixed overhead of $1,792,000 for the quarter.
2. Prepare the direct materials budget for the third quarter.
× Answer is not complete.
BLACK DIAMOND COMPANY
Direct Materials Budget
Third Quarter
158,500
units
2
pounds
Units to produce
Materials required per unit (pounds)
Materials needed for production…
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Required information
The following information applies to the questions displayed below]
Shadee Corporation expects to sell 540 sun shades in May and 310 in June. Each shade sells for $156. Shadee's
beginning and ending finished goods inventories for May are 65 and 55 shades, respectively. Ending finished goods
inventory for June will be 50 shades.
Each shade requires a total of $65.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to
have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 100 poles in inventory on June 30.
Required:
Prepare Shadee's May and June purchases budget for the adjustable poles.
Budgeted Cost of Poles Purchased
May
June
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Accepting Business at a Special Price
Power Serve Company expects to operate at 90% of productive capacity during May. The total manufacturing costs for May for the production of 35,100
batteries are budgeted as follows:
Direct materials
$334,200
Direct labor
122,900
Variable factory overhead
34,300
Fixed factory overhead
69,000
Total manufacturing costs
$560,400
The cor pany has an opportunity to submit a bid for 2,000 batteries to be delivered by May 31 to a government agency. If the contract is obtained, it is
anticipated that the additional activity will not interfere with normal production during May or increase the selling or administrative expenses.
What is the unit cost below which Power Serve Company should not go in bidding on the government contract? Round your answer to two decimal
places.
per unit
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Related Questions
- Please do not give solution in image format thankuarrow_forwardvaghela1arrow_forwardRequired information [The following information applies to the questions displayed below] Black Diamond Company produces snowboards. Each snowboard requires 3 pounds of carbon fiber. Management reports that 5,100 snowboards and 6,100 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that 151,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with 3.600 snowboards and 4,100 pounds of carbon fiber in inventory. Carbon fiber costs $16 per pound. Each snowboard requires 0.5 hour of direct labor at $21 per hour. Variable overhead is budgeted at the rate of $9 per direct labor hour. The company budgets fixed overhead of $1.783,000 for the quarter. Show Transcribed Text D 3. Prepare the direct labor budget for the third quarter. BLACK DIAMOND COMPANY Units to produce Direct labor hours needed Cost of direct labor Direct Labor Budget Third Quarterarrow_forward
- Nonearrow_forwardDeacon Inc. produces leather shoes. The production budget for the next four months is: July 5350 units, August 6780, September 7360, October 8180. Each shoe requires 0.8 square meters of leather. Deacon Inc.'s leather inventory policy is 34% of next month's production needs. If the leather policy is met, what will the October inventory be? vi Question 2 of 5arrow_forwardHi experts please answer the financial accounting questionarrow_forward
- Required information [The following information applies to the questions displayed below.] Black Diamond Company produces snowboards. Each snowboard requires 2 pounds of carbon fiber. Management reports that 6,400 snowboards and 7,400 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that 164,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with 4,900 snowboards and 5,400 pounds of carbon fiber in inventory. Carbon fiber costs $13 per pound. Each snowboard requires 0.5 hour of direct labor at $18 per hour. Variable overhead is budgeted at the rate of $8 per direct labor hour. The company budgets fixed overhead of $1,796,000 for the quarter. 4. Prepare the factory overhead budget for the third quarter. BLACK DIAMOND COMPANY Factory Overhead Budget Third Quarter Direct labor hours needed Budgeted variable overhead Budgeted total factory overheadarrow_forwardPlease help me with all answers and do not give solution in image format thankuarrow_forwardplease avoid image based solutions thank youarrow_forward
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Recommended textbooks for you
- Cornerstones of Cost Management (Cornerstones Ser...AccountingISBN:9781305970663Author:Don R. Hansen, Maryanne M. MowenPublisher:Cengage Learning

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ISBN:9781305970663
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Publisher:Cengage Learning