Levi Strauss & Co. manufactures slacks and jeans under a variety of brand names, such as Dockers® and 501 Jeans®. Slacks and jeans are assembled by a variety of different sewing operations. Assume that the sales budget for Dockers and 501 Jeans shows estimated sales of 120,000 and 250,000 pairs, respectively, for May. The finished goods inventory is assumed as follows:   Dockers 501 Jeans May 1 estimated inventory 12,000   30,000   May 31 desired inventory 17,000   20,000   Assume the following direct labor data per 5 pairs of Dockers and 501 Jeans for four different sewing operations:   Direct Labor per 5 Pairs   Dockers 501 Jeans Inseam     15 minutes     10 minutes Outerseam     18       15   Pockets     6       4   Zipper 3   2   Total 42 minutes 31 minutes a.  Prepare a production budget for May. LEVI STRAUSS & CO. Production Budget May   Dockers® 501 Jeans® Expected units to be sold fill in the blank 27604ef92fea063_1 fill in the blank 27604ef92fea063_2   fill in the blank 27604ef92fea063_4 fill in the blank 27604ef92fea063_5 Total units fill in the blank 27604ef92fea063_6 fill in the blank 27604ef92fea063_7   fill in the blank 27604ef92fea063_9 fill in the blank 27604ef92fea063_10 Total units to be produced fill in the blank 27604ef92fea063_11 fill in the blank 27604ef92fea063_12 b.  Prepare the May direct labor cost budget for the four sewing operations, assuming a $15 wage per hour for the inseam and outerseam sewing operations and a $17 wage per hour for the pocket and zipper sewing operations. Round your answers to one decimal place, if necessary. LEVI STRAUSS & CO. Direct Labor Cost Budget May   Inseam (minutes) Outerseam (minutes) Pockets (minutes) Zipper (minutes) Total Dockers® fill in the blank a9a3bd003005f89_1 fill in the blank a9a3bd003005f89_2 fill in the blank a9a3bd003005f89_3 fill in the blank a9a3bd003005f89_4   501 Jeans® fill in the blank a9a3bd003005f89_5 fill in the blank a9a3bd003005f89_6 fill in the blank a9a3bd003005f89_7 fill in the blank a9a3bd003005f89_8   Total minutes fill in the blank a9a3bd003005f89_9 fill in the blank a9a3bd003005f89_10 fill in the blank a9a3bd003005f89_11 fill in the blank a9a3bd003005f89_12   Total direct labor hours fill in the blank a9a3bd003005f89_13 fill in the blank a9a3bd003005f89_14 fill in the blank a9a3bd003005f89_15 fill in the blank a9a3bd003005f89_16   Direct labor rate $fill in the blank a9a3bd003005f89_17 $fill in the blank a9a3bd003005f89_18 $fill in the blank a9a3bd003005f89_19 $fill in the blank a9a3bd003005f89_20   Total direct labor cost $fill in the blank a9a3bd003005f89_21 $fill in the blank a9a3bd003005f89_22 $fill in the blank a9a3bd003005f89_23 $fill in the blank a9a3bd003005f89_24 $fill in the blank a9a3bd003005

Q: Required information Skip to question   [The following information applies to the questions…

A: Selling cost = 10% of sales Administrative expenses = $ 1,700 per month Budgeting selling and…

Q: Healthy Measures Inc. produces a Bath and Gym version of its popular electronic scale. The…

A: Production Budget: It is a budget set by the Organisation to identify the how much units to be…

Q: Gertrude Products expects the following sales of its single product: Units June 6,280 July 6,780…

A: The budget is prepared to estimate the requirements for the period. The production budget is…

Q: Terrence Corporation plans to sell 44,000 units of its single product in March. The company has…

A: 43,600Explanation:To determine how many units Terrence Corporation plans to produce during March, we…

Q: Lens Junction sells lenses for $45 each and is estimating sales of 14,000 units in January and…

A: A budget is a forecast of revenue and expenses for a certain future period of time that is generally…

Q: A clothing manufacturers makes a specific brand of jeans what it sells at a standard price of le 100…

A: Lets understand the basics. Costing statement can be prepared using either of the, (1) Variable or…

Q: Baird, Inc. sells fireworks. The company's marketing director developed the following cost of goods…

A: Inventory purchase budget means = Cost of goods sold + Ending Inventory - Beginning Inventory…

Q: Gadubhai

A: The objective of the question is to calculate the amount of leather purchases in August for Gadubhai…

Q: Sonic Inc. Production Budget For the Month Ending June 30 Total units available Total units to be…

A: Sales budgets seem to be budgetary plans which forecast the overall revenue that a business tends to…

Q: Want to give you a correct answer

A: Step 1:Ending Inventory means the inventory remains unsold at the end of accounting year. The stock…

Q: ABC manufactures t-shirts and is scheduled to produce 100 units in January and 150 units in…

A: The equation used to solve the problem is  Beginning Raw material + Raw material Purchased = Raw…

Q: Yordi Company expects to sell 1,950 units in January and 1,700 units in February. The company…

A: Introduction: The cost of goods sold budget of a firm is an important component of its operational…

Q: Each finished unit of merchandise Tecron contains 1.25 cm of Compound T. Budgeted sales of…

A: We are required to calculate the material required to be purchased. Budget is very essential…

Q: Expected Sales Total Required Units Required Production Total

A: Answer) Lens Junction Sales Budget For the two Months Ended February 28 20XX…

Q: Need Help with this Question

A: Calculate the total units needed for finished goods: Beginning finished goods inventory = 160,000…

Q: Question

A: If you have any questions let me know in comment box thankyou for your question.

Q: Prepare a production budget for the Bath and Gym scales for the month ended March 31.

A: A production budget is prepared to ascertain the units of various products to be produced in a given…

Q: Massey Corporation, a retailer, plans to sell 23,000 units of Product X during the month of August.…

A: units to be sold = 23,000  Ending Inventory = 5,100  Beginning Inventory = 4,600  Units To be…

Q: Johny Company is a merchandising company and has the following information: Month June July August…

A: Budgeting - Budgeting is the process of estimating future operations based on past performance. %…

Q: Want help

A: To determine the number of units Yorkley Corporation plans to produce during March, we need to…

Q: Lens Junction sells lenses for $43 each and is estimating sales of 15,000 units in January and…

A:

Q: Butterfly Co. targets to sell 12,000 units of their newly launched line of product in April. If the…

A: Inventory means the goods to be sold by the business in order to earn profit.

Q: Lens Junction sells lenses for $43 each and is estimating sales of 15,000 units in January and…

A: Total Sales Revenue = Expected Sales ( Units ) * Sales Price per Unit

Q: Solomon, Inc. sells fireworks. The company's marketing director developed the following cost of…

A: Budgets are the estimates or forecasts that are made for future period of time. Budgeted cash…

Q: Heather Products expects the following sales of its single product: Units May 15,000 June 16,000…

A: Introduction:- The following notes required to calculate as follows:- 1)Ending inventory of May = 20…

Q: Lens Junction sells lenses for $44 each and is estimating sales of 16,000 units in January and…

A: Sales budget of the business shows how much sales revenues is expected in coming period from sales.…

Q: Production and direct labor cost budgets Levi Strauss & Co. manufactures slacks and jeans under…

A: The question is related to budgetory control. Production budget is prepared with the help of sales…

Q: Prepare a sales budget, production budget, direct materials budget for silicon and solution, and a…

A: Budget is prepared for controlling the costs incurred by estimating the costs and revenues in…

Q: Production and sales estimates for March for Robin Co. are as follows: Estimated inventory…

A: The correct answer is Option (a).

Q: Preston, Incorporated, manufactures wooden shelving units for collecting and sorting mall. The…

A: Direct material budget :— This budget is prepared to estimate the number of units and cost of direct…

Q: Rooney, Inc. sells fireworks. The company’s marketing director developed the following cost of goods…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Shadee Corp. expects to sell 600 sun visors in May and 370 in June. Each visor sells for $19.…

A: Standard costing is widely used by the management to make estimates for the revenue and expenditure…

Q: Lens & Shades has required production of 21,300 units in January and 19,700 in February. Each lens…

A: Direct material budget:— This budget is prepared to estimate the number and cost of direct material…

Q: Gadubhi

A: The objective of the question is to calculate the amount of leather purchases in August for Gadubhi…

Q: Production budget Healthy Habits Inc. produces a Bath version and a Gym version of its popular…

A: This budget is used  by the management to set the no of units to be produced for a specific  product…

Q: Cheetos & Cheeeters produces Deluxe Leather Cheeters The production budget for the next four months…

A: Budgeted purchase of lether in July = (Budgeted production in July x lether required per unit) +…

Q: Johnson Inc. produces leather handbags. Johnson Inc. estimates it will use 3,700 square meters of…

A: This shows the quantity of materials to be purchased during the budget period. The purchase budget…

Q: Wright Lighting Fixtures forecasts its sales in units for the next four months as follows: March…

A: Given data: Sales forecasts: March 22,000 April 24,000 May 21,500 June 20,000

Q: Production and Direct Labor Cost Budgets Two-Leg Company manufactures slacks and jeans under a…

A: A budget is a forecast of revenue and expenses for a certain future period of time that is generally…

Q: Levi Strauss & Co. manufactures slacks and jeans under a variety of brand names, such as Dockers®…

A: LEVI STRAUSS & CO.…

Q: Lens Junction has required production of 15,400 units in January and 18,100 in February. Each lens…

A:

Q: information concerning sales and production for February is summarized as follows: a. Estimated…

A: Direct material purchase budget is the one which is prepared by the entity to determine the material…

Q: Ferris Company began January with 6,000 units of its principal product. The cost of each unit is $8.…

A: Under perpetual inventory system, inventory records are updated continuously with each purchase and…

Q: Lens Junction sells lenses for $44 each and is estimating sales of 15,000 units in January and…

A: Hi student Since there are multiple subparts, we will answer only first three subparts.

Q: Crest Products expects the following sales of its single product September October Units 26,800…

A: Budget means the expected value of future. Budget will be compared with actual value and variance is…

Q: Paradise Company plans the following beginning and ending inventory levels (in units) for June: June…

A: The units required to be manufactured can be calculated units sold plus the change in inventory of…

Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making. 

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.