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Manderlee Cosmetics Inc. produces a bubble bath in an eight-ounce bottle. The bubble bath is sold wholesale. in 12-bottle cases for $200 per case. The direct materials, direct labor, and factory overhead costs are as follows: Soap base Natural oils Bottle (8-oz.) Department Mixing Filling Cost Behavior Variable Variable Variable Materials Inventory: Cost Behavior Variable Variable DIRECT MATERIALS Units per Case 100 ozs. 40 ozs. 12 bottles. DIRECT LABOR Time per Case 30 min. 10 Estimated finished goods inventory, August 1, 2022 Desired finished goods inventory, August 31, 2022 Estimated materials inventory, August 1, 2022 Desired materials inventory, August 31, 2022 Cost per Unit $0.10 0.50 0.40 Labor Rate per Hour M. Raken $24.00 18.00 During July of the current year, the management of Manderlee Cosmetics Inc. asked the controller to prepare August manufacturing and income statement budgets. Demand was expected to be 5,000 cases at $200 per case for August. Inventory planning information is provided as follows: Finished Goods Inventory: Soap Base (ozs.) Direct Materials Cost per Case $10.00 20.00 4.80 $34.80 2,500 3,000 Direct Labor Cost per Case $12.00 3.00 15.00 Case Cost $24,900 500 250 12,450 Oils (ozs.) 250 400 Bottles (bottles) 500 480 There was negligible work in process inventory assumed for either the beginning or end of the month; thus, none was assumed. In addition, there was no change in the cost per unit or estimated units per case operating data. Required:

Manderlee Cosmetics Inc. produces a bubble bath in an eight-ounce bottle. The bubble bath is sold wholesale. in 12-bottle cases for $200 per case. The direct materials, direct labor, and factory overhead costs are as follows: Soap base Natural oils Bottle (8-oz.) Department Mixing Filling Cost Behavior Variable Variable Variable Materials Inventory: Cost Behavior Variable Variable DIRECT MATERIALS Units per Case 100 ozs. 40 ozs. 12 bottles. DIRECT LABOR Time per Case 30 min. 10 Estimated finished goods inventory, August 1, 2022 Desired finished goods inventory, August 31, 2022 Estimated materials inventory, August 1, 2022 Desired materials inventory, August 31, 2022 Cost per Unit $0.10 0.50 0.40 Labor Rate per Hour M. Raken $24.00 18.00 During July of the current year, the management of Manderlee Cosmetics Inc. asked the controller to prepare August manufacturing and income statement budgets. Demand was expected to be 5,000 cases at $200 per case for August. Inventory planning information is provided as follows: Finished Goods Inventory: Soap Base (ozs.) Direct Materials Cost per Case $10.00 20.00 4.80 $34.80 2,500 3,000 Direct Labor Cost per Case $12.00 3.00 15.00 Case Cost $24,900 500 250 12,450 Oils (ozs.) 250 400 Bottles (bottles) 500 480 There was negligible work in process inventory assumed for either the beginning or end of the month; thus, none was assumed. In addition, there was no change in the cost per unit or estimated units per case operating data. Required:

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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Can you use the data from the first page to answer the 3rd question on the 2nd page please
1. Prepare the August production budget. Enter all amounts as positive numbers. Manderlee Cosmetics Inc. Production Budget For the Month Ended August 31, 2022 Expected cases to be sold Plus desired ending inventory (cases) Total Less estimated beginning inventory (cases) Total cases to be produced 2. Prepare the August direct materials purchases budget. Enter the unit price to the nearest cent. Enter all amounts as positive numbers. Units required for production Plus desired ending inventory Less estimated beginning inventory Direct materials to be purchased Unit price Total direct materials to be purchased Hours required for production Hourly rate Total direct labor cost Cases Manderlee Cosmetics Inc. Direct Materials Purchases Budget For the Month Ended August 31, 2022 Soap Base (ozs.) Oil (ozs.) Manderlee Cosmetics Inc. Direct Labor Budget For the Month Ended August 31, 2022 Mixing Filling Bottles (Bottles) 3. Prepare the August direct labor budget. For hours required, round to nearest whole hour. For hourly rate, enter to the nearest cent, if required. Total Total
Transcribed Image Text:1. Prepare the August production budget. Enter all amounts as positive numbers. Manderlee Cosmetics Inc. Production Budget For the Month Ended August 31, 2022 Expected cases to be sold Plus desired ending inventory (cases) Total Less estimated beginning inventory (cases) Total cases to be produced 2. Prepare the August direct materials purchases budget. Enter the unit price to the nearest cent. Enter all amounts as positive numbers. Units required for production Plus desired ending inventory Less estimated beginning inventory Direct materials to be purchased Unit price Total direct materials to be purchased Hours required for production Hourly rate Total direct labor cost Cases Manderlee Cosmetics Inc. Direct Materials Purchases Budget For the Month Ended August 31, 2022 Soap Base (ozs.) Oil (ozs.) Manderlee Cosmetics Inc. Direct Labor Budget For the Month Ended August 31, 2022 Mixing Filling Bottles (Bottles) 3. Prepare the August direct labor budget. For hours required, round to nearest whole hour. For hourly rate, enter to the nearest cent, if required. Total Total
Manderlee Cosmetics Inc. produces a bubble bath in an eight-ounce bottle. The bubble bath is sold wholesale. in 12-bottle cases for $200 per case. The direct materials, direct labor, and factory overhead costs are as follows: Soap base Natural oils Bottle (8-oz.) Department Mixing Filling Cost Behavior Materials Inventory: Required: Variable Variable Variable Cost Behavior Variable Variable DIRECT MATERIALS Units per Case 100 ozs. 40 ozs. 12 bottles. DIRECT LABOR Time per Case 30 min. 10 Estimated materials inventory, August 1, 2022 Desired materials inventory, August 31, 2022 Estimated finished goods inventory, August 1, 2022 Desired finished goods inventory, August 31, 2022 Cost per Unit $0.10 0.50 0.40 Labor Rate per Hour During July of the current year, the management of Manderlee Cosmetics Inc. asked the controller to prepare August manufacturing and income statement budgets. Demand was expected to be 5,000 cases at $200 per case for August. Inventory planning information is provided as follows: Finished Goods Inventory: M. Rakor $24.00 18.00 Soap Base (ozs.) Direct Materials Cost per Case $10.00 20.00 4.80 $34.80 2,500 3,000 Direct Labor Cost per Case $12.00 3.00 15.00 Case Cost $24,900 500 250 12,450 Oils (ozs.) 250 400 There was negligible work in process inventory assumed for either the beginning or end of the month; thus, none was assumed. In addition, there was no change in the cost per unit or estimated units per case operating data. Bottles (bottles) 500 480
Transcribed Image Text:Manderlee Cosmetics Inc. produces a bubble bath in an eight-ounce bottle. The bubble bath is sold wholesale. in 12-bottle cases for $200 per case. The direct materials, direct labor, and factory overhead costs are as follows: Soap base Natural oils Bottle (8-oz.) Department Mixing Filling Cost Behavior Materials Inventory: Required: Variable Variable Variable Cost Behavior Variable Variable DIRECT MATERIALS Units per Case 100 ozs. 40 ozs. 12 bottles. DIRECT LABOR Time per Case 30 min. 10 Estimated materials inventory, August 1, 2022 Desired materials inventory, August 31, 2022 Estimated finished goods inventory, August 1, 2022 Desired finished goods inventory, August 31, 2022 Cost per Unit $0.10 0.50 0.40 Labor Rate per Hour During July of the current year, the management of Manderlee Cosmetics Inc. asked the controller to prepare August manufacturing and income statement budgets. Demand was expected to be 5,000 cases at $200 per case for August. Inventory planning information is provided as follows: Finished Goods Inventory: M. Rakor $24.00 18.00 Soap Base (ozs.) Direct Materials Cost per Case $10.00 20.00 4.80 $34.80 2,500 3,000 Direct Labor Cost per Case $12.00 3.00 15.00 Case Cost $24,900 500 250 12,450 Oils (ozs.) 250 400 There was negligible work in process inventory assumed for either the beginning or end of the month; thus, none was assumed. In addition, there was no change in the cost per unit or estimated units per case operating data. Bottles (bottles) 500 480
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