Homework: Chapter 7-Master Budget Homework Score: 0.88 of 5 pts SPS-35 (similar
ID: 2544381 • Letter: H
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Homework: Chapter 7-Master Budget Homework Score: 0.88 of 5 pts SPS-35 (similar to) Labo Specialties manufactures, among other things, woolen 1of1(1 complete) blankets for the athletic tearms of the two local high schools. Manufacturing overhead (both wa Click the iokn to view addional information) (clk the oon to view budgeted direct-00SL) EEI (Click the loon to view the direct materials.) (Cickte ton to view the direct cost rpts) manufacturing labor-hours per bla (Click the icon to view the ove EEE (Click the loon to view the finis (Click the icon to view addition gutements. Read the Physical Units Budget Direct materials required for 1440 yds.yds. 180 1,960 1,440 Total qantity of direct material to be used Cost Budget Available from beginning direct matenials inventory (under a FIFO oost-flow assumption) 1,980 180 yds. Rams To be purchased this period Rams Direct maberiails to be used this period nter any number in the edit fields and then click Check Answer Clear Al acBook Pro esc G Search or type URL 3 4 5 6Explanation / Answer
Answer 1-a Revenue Budget - March Broncos Blanket Rams Blanket Total Sales in Units 170 210 SP Per Unit 622 724 Total Sales in $ 105,740 152,040 257,780 Answer 1-b Production Budget Broncos Blanket Rams Blanket Sales In units 170 210 Add: Ending Inventory in units 30 35 Total Needs 200 245 Less: Beginning Inventory in units (20) (25) Required Purchases in Units 180 220 Answer 1-c. Direct Material Usage Budget Red Wool Black Wool Broncos Logo Patches Rams Logo Patches Broncos Blanket Units Produced 180 180 180 180 Required per Unit 8 - 1 - Total Units required 1,440 - 180 - Rams Blanket Units Produced 220 220 220 220 Required per Unit - 35 - 1 Total Units required - 7,700 - 220 Direct Material Purchase Budget Red Wool Black Wool Broncos Logo Patches Rams Logo Patches Total Total Units required 1,440 7,700 180 220 Add: Ending Inventory in units 45 45 45 45 Total Needs 1,485 7,745 225 265 Less: Beginning Inventory in units (55) (35) (65) (80) Required Purchases in Units 1,430 7,710 160 185 Cost per Unit 14 19 11 12 Total Cost of Purchase 20,020 146,490 1,760 2,220 170,490 Answer 1-d. Direct Labor Cost Budget Broncos Blanket Rams Blanket Total Units to be Produced 180 220 Direct Labor per Unit 7 8 Total Direct Labor Hours 1,260 1,760 Cost per Hour 30 31 Total Direct Labor Costs 37,800 54,560 92,360
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