Sleep Tight, Inc. manufactures bedding sets. The budgeted production is for 48,500 comforters this year. Each comforter requires 1.5 hours to cut and sew the material. The cost of cutting and sewing labor is $21.70 per hour. Determine the direct labor budget for this year. $
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Sleep Tight, Inc. manufactures bedding sets. The budgeted production is for 48,500 comforters this year. Each...
Magnolia, Inc., manufactures bedding sets. The budgeted production is for 30,200 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 4,570 yards with the desired ending balance of 5,700 yards of material. If the material costs $3.80 per yard, determine the materials budget for the year. $ 807,614
1. Magnolia, Inc. manufactures bedding sets. The budgeted production is for 16,100 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 5,970 yards with the desired ending balance of 3,700 yards of material. If the material costs $5.80 per yard, determine the materials budget for the year. $ 2. Mandy Corporation sells a single product. Budgeted sales for the year are anticipated to be 626,000 units, estimated beginning inventory is 106,000 units,...
Sleep Tight, Inc. manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $36,000, $35,000 and $29,000 respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $46,000, $36,000 and $21,000 respectively. Direct materials purchases were $575,000. Direct labor was $219,000 for the year. Factory overhead was $151,000. Prepare a cost of goods sold budget for Sleep Tight, Inc. Sleep Tight, Inc. Cost of Goods Sold Budget...
Sleep Tight, Inc. manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $38,000, $31,000 and $25,000 respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $45,000, $37,000 and $22,000 respectively. Direct materials purchases were $560,000. Direct labor was $224,000 for the year. Factory overhead was $149,000. Prepare a cost of goods sold budget for Sleep Tight, Inc. Sleep Tight, Inc. Cost of Goods Sold Budget...
Sleep Tight manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $40,000, $34,000, and $28,000, respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $44,000, $35,000, and $19,000, respectively. Direct material purchases were $550,000, direct labor was $246,000 for the year, and factory overhead was $146,000. Required: Prepare a cost of goods sold budget for Sleep Tight, Inc. Refer to the lists of Labels and...
Instruction Sleep Tight, Inc, manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $37.000, $31,000, and $27.000, respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $46,000, 38,000, and $23,000, respectively. Direct materials purchases were $565,000, direct labor was $245,000 for the year, and factory overhead was $140,000 Required: Prepare a cost of goods sold budget for Sleep Tight, Inc. Refer to the Ists of...
Instruction Sleep Tight, Inc, manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $37.000, $31,000, and $29,000, respectively. The desired inventories on December 31 for finished goods, work in process, and materials were 544,000 $36,000, and $20,000, respectively. Direct materials purchases were $560,000, direct labor was $209,000 for the year, and factory overhead was $149,000 Required: Prepare a cost of goods sold budget for Sleep Tight, in refer to the list of...
Calculator Sleep Tight manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $36,000, $32,000 and $24,000 respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $42,000, $34,000 and $22,000 respectively. Direct material purchases were $555,000. Direct labor was $219,000 for the year. Factory overhead was $150,000. Prepare a cost of goods sold budget for Sleep Tight, Inc. Sleep Tight, Inc. Cost of Goods Sold Budget...
Sleep Tight, Inc., manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $38,000, $33,000, and $26,000, respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $45,000, $38,000, and $20,000, respectively. Direct materials purchases were $575,000, direct labor was $206,000 for the year, and factory overhead was $152,000. Prepare a cost of goods sold budget for Sleep Tight, Inc. Finished goods inventory, January 1 $ ____...
The total factory overhead for Urban Styles, Inc. is budgeted for the year at $1,302,000, divided into two departments: Cutting, $1,176,000, and Sewing, $126,000. Urban Styles manufactures two types of men's pants: jeans and khakis. The jeans require three direct labor hours in Cutting and one direct labor hour in Sewing. The khakis require four direct labor hours in Cutting and one direct labor hour in Sewing. Each product is budgeted for 7,000 units of production for the year. When...