Question

w P i S of the month of April is given in the following tables: (Click the icon to view the information for the two products.) Pet Transport accounts for direct materials using a FIFO cost-flow assumption (Click the icon to view the account information.) Processing, and Inspe per inspection hour, te : (Click the icon to Read the requiremen Dog-errific 1,000 lbs. 200 lbs 2.560 vs 460 2560 Total quantity of direct material to be used Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Plastic Metal To be purchased this period Plastic Metal Direct materials to be used this period 460 420 2980 3485 Enter any number in the edit fields and then click Check Answer. Clear All 6 parts remaining

Answer 1

1.  Preparation of Revenue Budget for April

Sales Budget
For the Month of April
	Products
	Cat-allac	Dog-eriffic
Expected sales in units	500	215
Sales price per unit	$ 215	$ 320
Total expected sales	$ 107,500	$ 68,800

Note: Total sales = Expected sales in units × Sales price per unit

2. Preparation of Production Budget in units

Production Budget in Units
For the Month of April
	Products
	Cat-allac	Dog-eriffic
Expected sales in units	500	215
Add: Target ending inventory in units	35	15
Total production required in units	535	230
Less: Beginning inventory in units	15	30
Units to be produced	520	200

3. (a) Preparation of Direct Material Usage Budget

Direct Material Usage Budget
For the Month of April
	Products
	Cat-allac	Dog-eriffic
Direct materials required to produce 1 unit:
Plastic	3 pounds	5 pounds
Metal	0.5 pounds	1 pounds
Units to be produced	520 units	200 units
Total material required:
Plastic (Units to be produced × Material required to produce 1 unit)	1,560 pounds	1,000 pounds
Metal (Units to be produced × Material required to produce 1 unit)	260 pounds	200 pounds

3. (b) Preparation of Direct Material Purchase Budget

Direct Material Purchases Budget
For the Month of April
	Materials
	Plastic	Metal
Materials required for production:
Cat-allac	1,560 pounds	260 pounds
Dog-eriffic	1,000 pounds	200 pounds
Total material required for production	2,560 pounds	460 pounds
Add: Target ending inventory	420 pounds	45 pounds
Total Requirement	2,980 pounds	505 pounds
Less: Beginning inventory	290 pounds	50 pounds
Materials need to be purchased	2,690 pounds	455 pounds
Material cost per pound	$ 4	$ 3
Total material purchase cost	$ 10,760	$ 1,365

4. Preparation of Direct Manufacturing Labor Cost Budget:

Direct Manufacturing Labor Cost Budget
For the Month of April
	Products
	Cat-allac	Dog-eriffic
Units to be produced	520 units	200 units
Direct manufacturing labor-hours(DMLH) required to produce 1 unit	3 hours	5 hours
Total direct manufacturing labor-hours required (Units to be produced × DMLH per unit)	1,560 hours	1,000 hours
Direct manufacturing labor cost per unit	$ 10	$ 10
Total Direct manufacturing labor cost	$ 15,600	$ 10,000

As HOMEWORKLIB RULES Q&A guidelines I have answered the first four parts (i.e. the budgets). Please upload the question again for the remaining answers.