50.1K

Verified Solution

Link Copied!

please answer all charts fully, thanks

Omamental Sculptures Mfg manufactures garden sculptures. Each sculpture requires 9 pounds of direct materials at a cost of $3 per pound and 0.4 direct labor hours at a rate of $14 per hour. Variable manufacturing overhead is charged at a rate of $3 per direct labor hour Fixed manufacturing overhead is $3,800 per month. The company's policy is to maintain direct materials i ventory equal to 20% of the next month's materials requirement. At the end of February the company had 4,880 pounds of direct materials in inventory. The company's production budget reports the following. Units to be produced 3, 580 5,380 5,808 (1) Prepare direct materials budgets for March and April (2) Prepare direct labor budgets for March and April (3) Prepare factory overhead budgets for March and April. Complete this question by entering your answers in the tabs below. Required 2 Required 3 Prepare direct materials budgets for March and April. ORNAMENTAL SCULPTURES MFG. Direct Materials Budget For the Morths of March and April March April Budgeted production (units) Materials requirements per unit (bs) Materials needed for production (Ibs.) Budgeted ending inventory (bs.) Total materials requirements (lbs) Budgeted beginning inventory (Ibs.) Materials to be purchased Obs) Direct material cost per Bb Total budgeted direct materials 3,500 5.300 1,500 47,700 1,500 47.700 31.50047.700 Required 2 >

Answer & Explanation Solved by verified expert

See Answer