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Delray Manufacturing needs to better budget and analyze costs. While Delray has experienced high sales growth, it has struggled to effectively manage costs and inventories. Delray aims to end each month with direct materials inventory equal to 40% of next month's production needs. Each finished unit requires 4 pounds of direct materials and 2 hours of direct labor. Delray budgets $12,000 of fixed overhead costs per month. A Tableau Dashboard is provided to aid our analysis. Sales Forecast & Production Budget (in Units) 1,500 1,200 900 Budgeted Production Sales Forecast Budgeted Production Sales Forecast 600 300 March April May June April May June Ending Direct Materials Inventory by Month Solve for this value Solve for this value July Solve for this value 400 800 1200 1600 2000 Direct Materials (Pounds) Direct labor rate Direct materials cost Variable overhead rate Prepare a direct materials budget for the month of April. DELRAY MANUFACTURING Direct Materials Budget Budget production (units) Materials requirements per unit Materials needed for production (lbs.) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) For April Beginning inventory (lbs.) Materials to be purchased (lbs.) Materials price per pound Budgeted cost of direct materials purchases Complete this question by entering your 880 units 4 lbs. 3,520 lbs. 1,540 lbs. 5,060 lbs. 1,408 lbs. 3,652 lbs. Required 1 Required 2 Calculate materials needed (in pounds) for production in each month of April, May, and June. DELRAY MANUFACTURING Direct Materials Needed For April, May, and June April May June Budget production (units) 880 1,100 1,075 units Materials needed for production (lbs.) Required 1 Required 2 >

Delray Manufacturing needs to better budget and analyze costs. While Delray has experienced high sales growth, it has struggled to effectively manage costs and inventories. Delray aims to end each month with direct materials inventory equal to 40% of next month's production needs. Each finished unit requires 4 pounds of direct materials and 2 hours of direct labor. Delray budgets $12,000 of fixed overhead costs per month. A Tableau Dashboard is provided to aid our analysis. Sales Forecast & Production Budget (in Units) 1,500 1,200 900 Budgeted Production Sales Forecast Budgeted Production Sales Forecast 600 300 March April May June April May June Ending Direct Materials Inventory by Month Solve for this value Solve for this value July Solve for this value 400 800 1200 1600 2000 Direct Materials (Pounds) Direct labor rate Direct materials cost Variable overhead rate Prepare a direct materials budget for the month of April. DELRAY MANUFACTURING Direct Materials Budget Budget production (units) Materials requirements per unit Materials needed for production (lbs.) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) For April Beginning inventory (lbs.) Materials to be purchased (lbs.) Materials price per pound Budgeted cost of direct materials purchases Complete this question by entering your 880 units 4 lbs. 3,520 lbs. 1,540 lbs. 5,060 lbs. 1,408 lbs. 3,652 lbs. Required 1 Required 2 Calculate materials needed (in pounds) for production in each month of April, May, and June. DELRAY MANUFACTURING Direct Materials Needed For April, May, and June April May June Budget production (units) 880 1,100 1,075 units Materials needed for production (lbs.) Required 1 Required 2 >

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Delray Manufacturing needs to better budget and analyze costs. While Delray has experienced high sales growth, it has struggled to effectively manage costs and inventories. Delray aims to end each month with direct materials inventory equal to 40% of next month's production needs. Each finished unit requires 4 pounds of direct materials and 2 hours of direct labor. Delray budgets $12,000 of fixed overhead costs per month. A Tableau Dashboard is provided to aid our analysis. Sales Forecast & Production Budget (in Units) 1,500 1,200 900 Budgeted Production Sales Forecast Budgeted Production Sales Forecast 600 300 March April May June April May June Ending Direct Materials Inventory by Month Solve for this value Solve for this value July Solve for this value 400 800 1200 1600 2000 Direct Materials (Pounds) Direct labor rate Direct materials cost Variable overhead rate
Transcribed Image Text:Delray Manufacturing needs to better budget and analyze costs. While Delray has experienced high sales growth, it has struggled to effectively manage costs and inventories. Delray aims to end each month with direct materials inventory equal to 40% of next month's production needs. Each finished unit requires 4 pounds of direct materials and 2 hours of direct labor. Delray budgets $12,000 of fixed overhead costs per month. A Tableau Dashboard is provided to aid our analysis. Sales Forecast & Production Budget (in Units) 1,500 1,200 900 Budgeted Production Sales Forecast Budgeted Production Sales Forecast 600 300 March April May June April May June Ending Direct Materials Inventory by Month Solve for this value Solve for this value July Solve for this value 400 800 1200 1600 2000 Direct Materials (Pounds) Direct labor rate Direct materials cost Variable overhead rate
Prepare a direct materials budget for the month of April. DELRAY MANUFACTURING Direct Materials Budget Budget production (units) Materials requirements per unit Materials needed for production (lbs.) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) For April Beginning inventory (lbs.) Materials to be purchased (lbs.) Materials price per pound Budgeted cost of direct materials purchases Complete this question by entering your 880 units 4 lbs. 3,520 lbs. 1,540 lbs. 5,060 lbs. 1,408 lbs. 3,652 lbs. Required 1 Required 2 Calculate materials needed (in pounds) for production in each month of April, May, and June. DELRAY MANUFACTURING Direct Materials Needed For April, May, and June April May June Budget production (units) 880 1,100 1,075 units Materials needed for production (lbs.) Required 1 Required 2 >
Transcribed Image Text:Prepare a direct materials budget for the month of April. DELRAY MANUFACTURING Direct Materials Budget Budget production (units) Materials requirements per unit Materials needed for production (lbs.) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) For April Beginning inventory (lbs.) Materials to be purchased (lbs.) Materials price per pound Budgeted cost of direct materials purchases Complete this question by entering your 880 units 4 lbs. 3,520 lbs. 1,540 lbs. 5,060 lbs. 1,408 lbs. 3,652 lbs. Required 1 Required 2 Calculate materials needed (in pounds) for production in each month of April, May, and June. DELRAY MANUFACTURING Direct Materials Needed For April, May, and June April May June Budget production (units) 880 1,100 1,075 units Materials needed for production (lbs.) Required 1 Required 2 >
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