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Answer P6-3A | ||
Direct Materials Purchase Budget | Amount $ | Note |
Budgeted Production of diaries | 238,900.00 | A |
Paper required per diary (yards) | 5.00 | B |
Paper required for production | 1,194,500.00 | C=A*B |
Add: Desired Ending Inventory | 30,800.00 | D |
Total quantity needed | 1,225,300.00 | E=C+D |
Less: Beginning Inventory | 32,400.00 | F |
Budgeted Purchase of closures | 1,192,900.00 | G=E-F |
Cost per yard | 0.30 | H |
Direct Materials Purchase Budget | 357,870.00 | I=G*H |
Answer P6-4A | ||
Direct Labor cost Budget | Amount $ | |
Budgeted Production of diaries | 238,900.00 | See A |
Labor time required per diary (minutes) | 6.00 | J |
Labor time required for production (minutes) | 1,433,400.00 | K=A*J |
Labor time required for production (hours) | 23,890.00 | L=K/60 |
Cost per hour | 12.00 | M |
Direct Labor cost Budget | 286,680.00 | N=L*M |
Answer P6-5A | Amount $ | |
Budgeted Production of diaries | 238,900.00 | See A |
Paper required per diary (yards) | 5.00 | See B |
Paper required for production | 1,194,500.00 | See C |
Cost per yard | 0.30 | See H |
Direct Materials consumed | 358,350.00 | O=C*H |
Cost of goods sold | Amount $ | |
Direct Materials consumed | 358,350.00 | See O |
Direct Labor | 286,680.00 | See N |
Factory overhead | 197,100.00 | P |
Total Manufacturing cost | 842,130.00 | Q=O+N+P |
Add: Opening Work in Progress | 19,000.00 | |
Less: Closing Work in Progress | 16,700.00 | |
Cost of goods manufactured | 844,430.00 | |
Add: Opening Finished goods | 25,000.00 | |
Less: Closing Finished goods | 31,500.00 | |
Cost of goods sold | 837,930.00 | |
OBJ. 4 Cost of goods sold budget PE 6-5A EE 6-5 p. 243 Prepare a cost...
OBJ.4 EE 6-4 p.22 PE 6-4A Direct labor cost budget MyLife Chronicles Inc. budgeted production of 238,900 diaries in 2016. Each diary required assembly. Assume that six minutes are required to assemble each diary. If assembly labor costs $12.00 per hour, determine the direct labor cost budget for 2016. ow
EE 6-3 p.240 PE 6-3A Direct materials purchases budget OBJ. 4 MyLife Chronicles Inc. budgeted production of 238.900 diaries in 2016. Paper is required to produce a diary. Assume five square yards of paper are required for each diary. The estimated January 1, 2016, paper inventory is 32,400 square yards. The desired December 31, 2016, paper inventory is 30,800 square yards. If paper costs $0.30 per square yard, determine the direct materials purchases budget for 2016.
actice Exercises EE6-1 235 PE 6-1A Flexible budgeting At the beginning of the period, the Assembly Department budgeted direct labor of $12.000 and property tax of $12,000 for 7,000 hours of production. The department actually com- pleted 7,500 hours of production. that it uses flexible budgeting. OBJ. 2 Determine the budget for the department, assuming EE6-1 p 235 PE61B Flexible budgeting OBJ. 2 At the beginning of the period, the Fabricating Department budgeted direct labor of $9,280 and equipment depreciation...
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pactice Exercises EE61 p 235 PE6-1A Flexible budgeting At the beginning of the period, the Assembly Department budgeted direct labor and property tax of $12,000 for 7,000 hours of production. The department pleted 7,500 hours of production. Determine the budget for the department, ass that it uses flexible budgeting. OBJ, 2 of $112,000 actually com- uming EE61 p25 PE6-1B Flexible budgeting At the beginning of the period, the Fabricating Department budgeted $9,280 and equipment depreciation of $2,300 for...
Production budget PE 6-2A EE 6-2 a 238 OBJ. 4 MyLife Chronicles Inc. projected sales of 240,000 diaries for 2016. The estimated January 1, 2016, inventory is 19,900 units, and the desired December 31, 2016, inventory is 18,800 units. What is the budgeted production (in units) for 2016?
r6 Budgeting PE 6-4A MyLife Chronicles Inc. budgeted production of 238,900 diaries in 2016. Each di01 assembly. Assume that six minutes are required to assemble each diary.uin Direct labor cost budget f assembly laber 64 p242 costs $12.00 per hour, determine the direct labor cost budget for 2016. 081.4 Magnolia Candle Inc. budgeted production of 74,200 candles in 2016. Each candle molding. Assume that 12 minutes are required to mold each candle. If moldnrq $14.00 per hour, determine the direct...
256 Chapter 6 Budgeting MyLife Chronicles Inc. badgeted production of 238,900 diaries in 2016. Each dOn1. assembly, Assume that six minutes are required to assemble each diary. If as costs $1200 per hour, determine the direct labor cost budget for 2016. PE 6-4A Direct labor cost budget EEG4 Magnolia Candle Inc. budgeted production of 74,200 candles in 2016. Each molding. Assume that 12 minutes are required to mold each candle, if Total sell administras Direct labor cost budget PE 6-48...
Cost of Goods Sold Budget Daybook Inc. budgeted production of 403,500 personal journals in 2016. Paper is required to produce a journal. Assume six square yards of paper are required for each journal. The estimated January 1, 2016, paper inventory is 40,400 square yards. The desired December 31, 2016, paper inventory is 38,900 square yards. Paper costs $0.40 per square Yard Each journal requires assembly. Assume that eight minutes are required to assemble each journal. Assembly labor costs $13.00 per...
Cost of Goods Sold Budget Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper is required to produce a journal. Assume six square yards of paper are required for each journal. The estimated January 1, 20Y6, pape inventory is 40,400 square yards. The desired December 31, 20Y6, paper inventory is 38,900 square yards Paper costs $0.40 per square yard. Each journal requires assembly. Assume that eight minutes are required to assemble each journal. Assembly labor costs $13.00 per...
Cost of Goods Sold Budget Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper is required to produce a journal. Assume six square yards of paper are required for each journal. The estimated January 1, 20Y6, paper inventory is 40,400 square yards. The desired December 31, 20Y6, paper inventory is 38,900 square yards. Paper costs $0.40 per square yard. Each journal requires assembly. Assume that eight minutes are required to assemble each journal. Assembly labor costs $13.00 per...