9.1cd Production, Direct Labor, Direct Materials, Sales Budgets, Budgeted Contribution MarginGreiner Company makes and sells high-quality glare filters for microcomputer monitors. John Craven, controller, is responsible for preparingGreiner's master budget and has assembled the following data for the coming year. The direct labor rate includes wages, all employee-related benefits, and the employer's share of FICA. Labor saving machinery will be fully operational by March. Also, as of March 1, thecompany's union contract calls for an increase in direct labor wages that is included in the direct labor rate. Greiner expects to have 6,100glare filters in inventory on December 31 of the current year, and has a policy of carrying 35 percent of the following month's projected salesin inventory. Information on the first four months of the coming year is as follows:January February March AprilEstimated unit sales37,20034,400 39,800 40,400Sales price per unit$83$83$77$77Direct labor hours per unit2.702.702.402.40Direct labor hourly rate$18$18$20$20Direct materials cost per unit$10$10$10$10 O CP8:CP8: Problems f X: CengageNOWv. XG Olympus, Inc., n xb Similar Questior xf (1) Facebook(1030) Ench x(8) Messages / xA v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=assignment-take&inprogress=false eI Google Meet 0 All app | Microsoft.O OutlookE McGraw : CENGAGE di MS TEAMSCUDDLE NATION 1;.O RockefellerEcon- FA # 1COSACC - 1>>CP8: Problems for Budgeting Part 2Direct labor hours per unit1. CEX.08.03.ALGOTotal labor budget (hours)2. CEX.08.04.ALGOc. Direct materials cost budget:3. CEX.08.05.ALGOGreiner CompanyDirect Materials Cost Budget4. СЕХ.08.06. ALGOFor the First Quarter of the Coming YearJanuary February MarchTotal5. CEX.08.08.ALGOUnits produced6. CEX.08.09.ALGOCost per unitTotal direct materials7. EX.08.17.ALGO8. EX.08.30.ALGOd. Sales budget: Round unit selling price amounts to the nearest cent and use the same for subsequent requirements.Greiner Company9. PR.08.38 ALGOSales Budget (dollars)For the First Quarter of the Coming YearJanuary February MarchTotalUnit salesUnit selling priceTotal sales revenue$2. Calculate the total budgeted contribution margin for Greiner Company by month and in total for the first quarter of the coming year. (CMAadapted)Greiner CompanyBudgeted Contribution MarginFor the First Quarter of the Coming YearJanuary February MarchTotalSales revenueHomePgUpDirect labor costEndPgDnInsertPauseCheck My Work 10 more Check My Work uses remaining.PreviousPrtScnScrLktemsOptionsHelpSave and Exit Submit Test for Grading12:08 PM收口中5/6/2022

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ny makes and sells high-quality glare filters for micr er budget and has assembled the following data for 5, and the employer's share of FICA. Labor saving m on contract calls for an increase in direct labor wages

ny makes and sells high-quality glare filters for micr er budget and has assembled the following data for 5, and the employer's share of FICA. Labor saving m on contract calls for an increase in direct labor wages

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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