Lens Junction sells lenses for $43 each and is estimating sales of 14,000 units in January and 17,000 in February. Each lens consists of 2 pounds of silicon costing $2.50 per pound, 3 oz of solution costing $3 per ounce, and 45 minutes of direct labor at a labor rate of $18 per hour. Desired inventory levels are: Jan. 31 Feb. 28 Mar. 31 Beginning inventory Finished goods 4,600 4,700 5,200 Direct materials: silicon 8,700 8,900 9,100 Direct materials: solution 11,100 12,200 12,900 Prepare a sales budget. Lens Junction Sales Budget For the Two Months Ending February 28, 20XX Prepare a production budget. Lens Junction Production Budget For the Two Months Ending February 28, 20XX Prepare direct materials budget for silicon. Lens Junction Direct Materials Budget for Silicon For the Two Months Ending February 28, 20XX Prepare direct materials budget for solution. Lens Junction Direct Materials Budget for Solution For the Two Months Ending February 28, 20XX Prepare a direct labor budget. Lens Junction Direct Labor Budget For the Two Months Ending February 28, 20XX
Lens Junction sells lenses for $43 each and is estimating sales of 14,000 units in January and 17,000 in February. Each lens consists of 2 pounds of silicon costing $2.50 per pound, 3 oz of solution costing $3 per ounce, and 45 minutes of direct labor at a labor rate of $18 per hour. Desired inventory levels are:
| Jan. 31 | Feb. 28 | Mar. 31 | |
| Beginning inventory | |||
| Finished goods | 4,600 | 4,700 | 5,200 |
| Direct materials: silicon | 8,700 | 8,900 | 9,100 |
| Direct materials: solution | 11,100 | 12,200 | 12,900 |
Prepare a sales budget.
Lens Junction
Sales Budget
For the Two Months Ending February 28, 20XX
Prepare a production budget.
Lens Junction
Production Budget
For the Two Months Ending February 28, 20XX
Prepare direct materials budget for silicon.
Lens Junction
Direct Materials Budget for Silicon
For the Two Months Ending February 28, 20XX
Prepare direct materials budget for solution.
Lens Junction
Direct Materials Budget for Solution
For the Two Months Ending February 28, 20XX
Prepare a direct labor budget.
Lens Junction
Direct Labor Budget
For the Two Months Ending February 28, 20XX
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