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geted bats to be produced ct materials per bat (ounces) ot materials needed for production inv

geted bats to be produced ct materials per bat (ounces) ot materials needed for production inv

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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Chapter 22. Question 5, part 3. Please fill in the same format as the question so it's easy to transfer

For the Quarter Ended March 31, 2019 Youth Adult Bats Bats Total Budgeted bats to be produced 1,250 1,950 3,200 Direct materials per bat (ounces) 48 56 Direct materials needed for production 60,000 109,200 169,200 Plus: Desired direct materials in ending inventory (ounces) 24,000 Total direct materials needed 193,200 Less: Direct materials in beginning inventory (ounces) 24,000 Budgeted purchases of direct materials 169,200 0.25 Direct materials cost per ounce 42,300 Budgeted cost of direct materials
Transcribed Image Text:For the Quarter Ended March 31, 2019 Youth Adult Bats Bats Total Budgeted bats to be produced 1,250 1,950 3,200 Direct materials per bat (ounces) 48 56 Direct materials needed for production 60,000 109,200 169,200 Plus: Desired direct materials in ending inventory (ounces) 24,000 Total direct materials needed 193,200 Less: Direct materials in beginning inventory (ounces) 24,000 Budgeted purchases of direct materials 169,200 0.25 Direct materials cost per ounce 42,300 Budgeted cost of direct materials
The Langley Batting Company manufactures wood baseball bats. Langley's two primary products are a youth bat, designed for children and young teens, and an adult bat, designed for high school and college-aged players. Langley sells the bats to sporting goods stores and all sales are on account. The youth bat sells for $40; the adult bat sells for $65. Langley's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season. Langley's balance sheet for December 31, 2018, and other data for the first quarter of 2019 follow: E (Click the icon to view the balance sheet.) A (Click the icon to view the other data.) Read the requirements. 42 Budgeted cost of direct materials Production Budget Prepare the direct labor budget. (Enter any hours per unit amounts to two decimal places, X.XX.) Review the production budget you prepared above. Langley Batting Company Langley Batting Company Direct Labor Budget Production Budget For the Quarter Ended March 31, 2019 For the Quarter Ended March 31, 2019 Youth Adult Youth Adult Bats Bats Total Bats Bats Total Budgeted bats to be sold 1,200 2,600 3,800 Plus: Desired bats in ending inventory 350 300 650 Direct labor hours needed for production Total bats needed 1,550 2,900 4,450 Less: Bats in beginning inventory 300 950 1,250 1,250 1,950 3,200 Choose from anv list or enter any number in the innuit fields and then click Check Answer Budgeted bats to be produced
Transcribed Image Text:The Langley Batting Company manufactures wood baseball bats. Langley's two primary products are a youth bat, designed for children and young teens, and an adult bat, designed for high school and college-aged players. Langley sells the bats to sporting goods stores and all sales are on account. The youth bat sells for $40; the adult bat sells for $65. Langley's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season. Langley's balance sheet for December 31, 2018, and other data for the first quarter of 2019 follow: E (Click the icon to view the balance sheet.) A (Click the icon to view the other data.) Read the requirements. 42 Budgeted cost of direct materials Production Budget Prepare the direct labor budget. (Enter any hours per unit amounts to two decimal places, X.XX.) Review the production budget you prepared above. Langley Batting Company Langley Batting Company Direct Labor Budget Production Budget For the Quarter Ended March 31, 2019 For the Quarter Ended March 31, 2019 Youth Adult Youth Adult Bats Bats Total Bats Bats Total Budgeted bats to be sold 1,200 2,600 3,800 Plus: Desired bats in ending inventory 350 300 650 Direct labor hours needed for production Total bats needed 1,550 2,900 4,450 Less: Bats in beginning inventory 300 950 1,250 1,250 1,950 3,200 Choose from anv list or enter any number in the innuit fields and then click Check Answer Budgeted bats to be produced
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