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Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $2 per pound and 0.4 direct labor hour at a rate of $15 per hour. Varlable overhead is budgeted at a rate of $3 per direct labor hour. Budgeted fixed overhead is $4,300 per month. The company's policy is to maintain direct materials Inventory equal to 30% of the next month's direct materials requirement. At the end of February the company had 7,920 pounds of direct materials In Inventory. The company's production budget reports the following. Production Budget Units to produce March April 3,300 4,600 May 4,800 (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and April. (3) Prepare factory overhead budgets for March and April. Complete this question by entering your answers in the tabs below.

Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $2 per pound and 0.4 direct labor hour at a rate of $15 per hour. Varlable overhead is budgeted at a rate of $3 per direct labor hour. Budgeted fixed overhead is $4,300 per month. The company's policy is to maintain direct materials Inventory equal to 30% of the next month's direct materials requirement. At the end of February the company had 7,920 pounds of direct materials In Inventory. The company's production budget reports the following. Production Budget Units to produce March April 3,300 4,600 May 4,800 (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and April. (3) Prepare factory overhead budgets for March and April. Complete this question by entering your answers in the tabs below.

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter9: Standard Costing: A Functional-based Control Approach
Section: Chapter Questions
Problem 20E: Jameson Company produces paper towels. The company has established the following direct materials...
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Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $2 per pound and 0.4 direct labor hour at a rate of $15 per hour. Varlable overhead is budgeted at a rate of $3 per direct labor hour. Budgeted fixed overhead is $4,300 per month. The company's policy is to maintain direct materials Inventory equal to 30% of the next month's direct materials requirement. At the end of February the company had 7,920 pounds of direct materials in Inventory. The company's production budget reports the following. Production Budget Units to produce (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and April. (3) Prepare factory overhead budgets for March and April. Complete this question by entering your answers in the tabs below. March April May 3,300 4,600 4,800 Required 1 Required 3 Prepare direct materials budgets for March and April. GARDEN YETI Direct Materials Budget Units to produce Required 2 Materials needed for production (pounds) Total materials required (pounds) Materials to purchase (pounds) Cost of direct materials purchases March < Required 1 April Required 2 >
Transcribed Image Text:Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $2 per pound and 0.4 direct labor hour at a rate of $15 per hour. Varlable overhead is budgeted at a rate of $3 per direct labor hour. Budgeted fixed overhead is $4,300 per month. The company's policy is to maintain direct materials Inventory equal to 30% of the next month's direct materials requirement. At the end of February the company had 7,920 pounds of direct materials in Inventory. The company's production budget reports the following. Production Budget Units to produce (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and April. (3) Prepare factory overhead budgets for March and April. Complete this question by entering your answers in the tabs below. March April May 3,300 4,600 4,800 Required 1 Required 3 Prepare direct materials budgets for March and April. GARDEN YETI Direct Materials Budget Units to produce Required 2 Materials needed for production (pounds) Total materials required (pounds) Materials to purchase (pounds) Cost of direct materials purchases March < Required 1 April Required 2 >
Required 1 Required 2 Prepare direct labor budgets for March and April. (Round "DL hours required per unit" answers to two decimal places.) GARDEN YETI Direct Labor Budget Units to produce Direct labor hours needed Cost of direct labor Required 1 Required 2 Direct labor hours needed Budgeted variable overhead Required 3 Budgeted total factory overhead March Required 3 Prepare factory overhead budgets for March and April. GARDEN YETI Factory Overhead Budget April < Required 1 March < Required 2 April Required 3 > Required 3 >
Transcribed Image Text:Required 1 Required 2 Prepare direct labor budgets for March and April. (Round "DL hours required per unit" answers to two decimal places.) GARDEN YETI Direct Labor Budget Units to produce Direct labor hours needed Cost of direct labor Required 1 Required 2 Direct labor hours needed Budgeted variable overhead Required 3 Budgeted total factory overhead March Required 3 Prepare factory overhead budgets for March and April. GARDEN YETI Factory Overhead Budget April < Required 1 March < Required 2 April Required 3 > Required 3 >
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