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Please help with the following questions part (b) and part (c) and refer to the data tables

Please help with the following questions part (b) and part (c) and refer to the data tables

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter7: The Master Budget And Flexible Budgeting
Section: Chapter Questions
Problem 4E: Prepare a cost of goods sold budget for the Crest Hills Manufacturing Co. for the year ended...
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Please help with the following questions part (b) and part (c) and refer to the data tables,
Data table Schedule 2: Production Budget (in Units) for the Year Ending December 31, 2020 Knox Ayer Budgeted units sales 26,900 12,000 1,600 600 Add target ending finished goods inventory Total required units 28,500 12,600 2,500 600 Deduct beginning finished goods inventory Units of finished goods to be produced 26,000 12,000 Print Done ater Data table ater ntit dg Direct materials fro こ Metal Fabric Direct manufacturing labor Content of Each Product Unit $ 2 per pound (same as in 2019) $ 3 per yard (same as in 2019) $ 23 per hour ch Product Knox Ayer Metal 2 pounds 3 pounds ater Fabric 1.00 yard 2.00 yards lat Direct manufacturing labor 0.05 hours 0.35 hours Direct Materials Metal Fabric Beginning inventory 9,000 pounds 3,000 yards Target ending inventory 7,000 pounds 1,000 yards ☑ - ✗
Transcribed Image Text:Data table Schedule 2: Production Budget (in Units) for the Year Ending December 31, 2020 Knox Ayer Budgeted units sales 26,900 12,000 1,600 600 Add target ending finished goods inventory Total required units 28,500 12,600 2,500 600 Deduct beginning finished goods inventory Units of finished goods to be produced 26,000 12,000 Print Done ater Data table ater ntit dg Direct materials fro こ Metal Fabric Direct manufacturing labor Content of Each Product Unit $ 2 per pound (same as in 2019) $ 3 per yard (same as in 2019) $ 23 per hour ch Product Knox Ayer Metal 2 pounds 3 pounds ater Fabric 1.00 yard 2.00 yards lat Direct manufacturing labor 0.05 hours 0.35 hours Direct Materials Metal Fabric Beginning inventory 9,000 pounds 3,000 yards Target ending inventory 7,000 pounds 1,000 yards ☑ - ✗
Sparkle Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. It expects to manufacture 26,000 Knox lamps and 12,000 Ayer lamps in 2020. The following data are available for the year 2020. (Click the icon to view the information.) (Click the icon to view the December312020production budget in units.) Calculate (a) the direct materials usage budget in quantity and dollars (label it Schedule 3A); (b) the direct materials purchase budget in quantity and dollars (label it Schedule 3B); and (c) the direct manufacturing labor costs budget (label it Schedule 4) for the year ending December312020. (b). Calculate the direct materials purchase budget in quantity and dollars (label it Schedule 3B) for the year ending December 31, 2020. Schedule 3B: Direct Material Purchases Budget for the Year Ending December 31, 2020 Materials Metal Fabric Total Physical Units Budget To be used in production lbs. yards Add target ending inventory lbs. yards Total requirements lbs. yards Deduct beginning inventory lbs. yards Purchases to be made lbs. yards Cost Budget Metal Fabric Direct materials to be purchased this period (c). Calculate the direct manufacturing labor costs budget (label it Schedule 4) for the year ending December 31, 2020. (Enter the DMLH per unit to two decimal places. Abbreviations used: DMLH = Direct manufacturing labor-hours.) Schedule 4: Direct Manufacturing Labor Costs Budget Knox Ayer Total for the Year Ending December 31, 2020 Output units DMLH Total Hourly produced per unit hours wage rate Total
Transcribed Image Text:Sparkle Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. It expects to manufacture 26,000 Knox lamps and 12,000 Ayer lamps in 2020. The following data are available for the year 2020. (Click the icon to view the information.) (Click the icon to view the December312020production budget in units.) Calculate (a) the direct materials usage budget in quantity and dollars (label it Schedule 3A); (b) the direct materials purchase budget in quantity and dollars (label it Schedule 3B); and (c) the direct manufacturing labor costs budget (label it Schedule 4) for the year ending December312020. (b). Calculate the direct materials purchase budget in quantity and dollars (label it Schedule 3B) for the year ending December 31, 2020. Schedule 3B: Direct Material Purchases Budget for the Year Ending December 31, 2020 Materials Metal Fabric Total Physical Units Budget To be used in production lbs. yards Add target ending inventory lbs. yards Total requirements lbs. yards Deduct beginning inventory lbs. yards Purchases to be made lbs. yards Cost Budget Metal Fabric Direct materials to be purchased this period (c). Calculate the direct manufacturing labor costs budget (label it Schedule 4) for the year ending December 31, 2020. (Enter the DMLH per unit to two decimal places. Abbreviations used: DMLH = Direct manufacturing labor-hours.) Schedule 4: Direct Manufacturing Labor Costs Budget Knox Ayer Total for the Year Ending December 31, 2020 Output units DMLH Total Hourly produced per unit hours wage rate Total
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