Please explain the answer. 3The Pet Company has two major pet carriers; Doggie Carrier and Kitty KatCarrier.It is time for the company to prepare their annual budget and they calledyou for help. The company has provided you with the following data:Direct material costPlastic5.00 per poundMetal4.00 per poundDirect labor rate$18.00 per hourDirect requirements per unitDoggie Carri Kitty Kat Carrier6 pounds1 pound5 hoursPlastic4 pounds.5 poundsMetalDirect labor Hours 3 hoursDoggieKittieSalesSales volume425620Selling price$160$205Expected inventory levelsBeg InvEnd InvDirect MaterialsPlastic290410Metal7065Finished ProductDoggie1030Kittie Kat2510RequiredPrepare the direct materials required for production needsPrepare the direct materials purchase budget

Pet company has two major pet carriers. 1. Doggie carrier 2. Kitty Kat carrier Direct materials…

The Pet Company has two major pet carriers; Doggie Carrier and Kitty Kat Carrier. It is time for the company to prepare their annual budget and they called you for help. The company has provided you with the following data: Direct material cost Plastic 5.00 per pound 4.00 per pound Metal Direct labor rate $ 18.00 per hour Direct requirements per unit Doggie Carri Kitty Kat Carrier 4 pounds 6 pounds .5 pounds 1 pound 5 hours Plastic Metal Direct labor Hours 3 hours Doggie Kittie Sales Sales volume 425 620 Selling price $160 $205 Expected inventory levels Beg Inv End Inv Direct Materials Plastic 290 410 Metal 70 65 Finished Product Doggie 10 30 Kittie Kat 25 10 Required Prepare the direct materials required for production needs Prepare the direct materials purchase budget

The Pet Company has two major pet carriers; Doggie Carrier and Kitty Kat Carrier. It is time for the company to prepare their annual budget and they called you for help. The company has provided you with the following data: Direct material cost Plastic 5.00 per pound 4.00 per pound Metal Direct labor rate $ 18.00 per hour Direct requirements per unit Doggie Carri Kitty Kat Carrier 4 pounds 6 pounds .5 pounds 1 pound 5 hours Plastic Metal Direct labor Hours 3 hours Doggie Kittie Sales Sales volume 425 620 Selling price $160 $205 Expected inventory levels Beg Inv End Inv Direct Materials Plastic 290 410 Metal 70 65 Finished Product Doggie 10 30 Kittie Kat 25 10 Required Prepare the direct materials required for production needs Prepare the direct materials purchase budget

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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