Please help with the following questions part (b) and part (c) and refer to the data tables
Please help with the following questions part (b) and part (c) and refer to the data tables
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please help with the following questions part (b) and part (c) and refer to the data tables,

Transcribed Image Text:Data table
Schedule 2: Production Budget (in Units)
for the Year Ending December 31, 2020
Knox
Ayer
Budgeted units sales
26,900
12,000
1,600
600
Add target ending finished goods inventory
Total required units
28,500
12,600
2,500
600
Deduct beginning finished goods inventory
Units of finished goods to be produced
26,000
12,000
Print
Done
ater
Data table
ater
ntit
dg
Direct materials
fro
こ
Metal
Fabric
Direct manufacturing labor
Content of Each Product Unit
$
2 per pound (same as in 2019)
$
3 per yard (same as in 2019)
$ 23 per hour
ch
Product
Knox
Ayer
Metal
2 pounds
3 pounds
ater
Fabric
1.00 yard
2.00 yards
lat
Direct manufacturing labor
0.05 hours
0.35 hours
Direct Materials
Metal
Fabric
Beginning inventory
9,000 pounds
3,000 yards
Target ending inventory
7,000 pounds
1,000 yards
☑
-
✗

Transcribed Image Text:Sparkle Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. It expects to manufacture 26,000
Knox lamps and 12,000 Ayer lamps in 2020. The following data are available for the year 2020.
(Click the icon to view the information.)
(Click the icon to view the December312020production budget in units.)
Calculate (a) the direct materials usage budget in quantity and dollars (label it Schedule 3A); (b) the direct materials purchase
budget in quantity and dollars (label it Schedule 3B); and (c) the direct manufacturing labor costs budget (label it Schedule 4) for
the year ending December312020.
(b). Calculate the direct materials purchase budget in quantity and dollars (label it Schedule 3B) for the year ending December
31, 2020.
Schedule 3B: Direct Material Purchases Budget
for the Year Ending December 31, 2020
Materials
Metal
Fabric
Total
Physical Units Budget
To be used in production
lbs.
yards
Add target ending inventory
lbs.
yards
Total requirements
lbs.
yards
Deduct beginning inventory
lbs.
yards
Purchases to be made
lbs.
yards
Cost Budget
Metal
Fabric
Direct materials to be purchased this period
(c). Calculate the direct manufacturing labor costs budget (label it Schedule 4) for the year ending December 31, 2020. (Enter the
DMLH per unit to two decimal places. Abbreviations used: DMLH = Direct manufacturing labor-hours.)
Schedule 4: Direct Manufacturing Labor Costs Budget
Knox
Ayer
Total
for the Year Ending December 31, 2020
Output units
DMLH
Total
Hourly
produced
per unit
hours
wage rate
Total
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