7.2 Direct Materials Purchases Budget: Direct Labor BudgetCrescent Company produces stuffed toy animals; one of these is "Arabeau the Cow." Each Arabeau takes 0.20 yard of fabric (white withirregular black splotches) and 8 ounces of polyfiberfill. Fabric costs $3.40 per yard and polyfiberfill is $0.05 per ounce. Crescent has budgetedproduction of Arabeaus for the next four months as follows:UnitsOctober44,000November80,000December50,000January40,000Inventory policy requires that sufficient fabric be in ending monthly inventory to satisfy 20 percent of the following month's production needsand sufficient polyfiberfill be in inventory to satisfy 40 percent of the following month's production needs. Inventory of fabric and polyfiberfllat the beginning of October equals exactly the amount needed to satisfy the inventory policy.Each Arabeau produced requires (on average) 0.10 direct labor hour. The average cost of direct labor is $15 per hour. 2. Prepare a direct materials purchases budget of polyfiberfill for the last quarter of the year showing purchases in units and in dollars foreach month and for the quarter in total. Round your answers to the nearest cent, if required.Crescent CompanyDirect Materials Purchases Budget for PolyfiberfillFor the Fourth QuarterOctober November DecemberTotalUnits producedDM per unit (oz.)Production needsDesired ending inventory (oz.)Total neededLess: Beginning inventoryDM to be purchased (oz.)Cost per ounceTotal purchase cost

Answered: Image /qna-images/answer/60910c3d-5579-49e8-9bab-a18e87049d01.jpg

2. Prepare a direct materials purchases budget of polyfiberfill for the last quarter of the year showing purchases in units and in dollars for each month and for the quarter in total. Round your answers to the nearest cent, if required. Crescent Company Direct Materials Purchases Budget for Polyfiberfill For the Fourth Quarter October November December Total Units produced DM per unit (oz.) Production needs Desired ending inventory (oz.) Total needed Less: Beginning inventory DM to be purchased (oz.) Cost per ounce Total purchase cost

2. Prepare a direct materials purchases budget of polyfiberfill for the last quarter of the year showing purchases in units and in dollars for each month and for the quarter in total. Round your answers to the nearest cent, if required. Crescent Company Direct Materials Purchases Budget for Polyfiberfill For the Fourth Quarter October November December Total Units produced DM per unit (oz.) Production needs Desired ending inventory (oz.) Total needed Less: Beginning inventory DM to be purchased (oz.) Cost per ounce Total purchase cost

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

What is the importance of a Form 8-K? What is the importance of a proxy statement?
Define Profi t and loss (P&L) statement
15. Briefly discuss the following: a. Meaning of ARR and reasons for its continued popularity. b. Meaning of IRR and its characteristics.
typing clear
b. Discuss the effect on c and p, when there is an increase in: i. So ii. iii. O K
How do I solve this
7-3 A
Q5 Distinguish between "report" and "certificate"
ne NPV of go ərket..(Do nc ID