MCO Leather manufactures leather purses. Each purse requires 3 pounds of direct materials at a...
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MCO Leather manufactures leather purses. Each purse requires pounds of direct materials at a cost of $ per pound and direct labor hours at a rate of $ per hour. Variable overhead is budgeted at a rate of $ per direct labor hour. Budgeted fixed overhead is $ per month. The company's policy is to end each month with direct materials inventory equal to of the next month's direct materials requirement. At the end of August the company had pounds of direct materials in inventory. The company's production budget reports the following. Production Budget Units to produce September October November Prepare direct materials budgets for September and October. Prepare direct labor budgets for September and October. Prepare factory overhead budgets for September and October.
MCO Leather manufactures leather purses. Each purse requires pounds of direct materials at a cost of $ per pound and direct labor hours at a rate of $ per hour. Variable overhead is budgeted at a rate of $ per direct labor hour. Budgeted fixed overhead is $ per month. The company's policy is to end each month with direct materials inventory equal to of the next month's direct materials requirement. At the end of August the company had pounds of direct materials in inventory. The company's production budget reports the following.
Production Budget
Units to produce
September
October
November
Prepare direct materials budgets for September and October.
Prepare direct labor budgets for September and October.
Prepare factory overhead budgets for September and October.
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