1. At the beginning of the period, the Fabricating Department budgeted direct labor of $85,100 and...

1. At the beginning of the period, the Fabricating Department budgeted direct labor of $85,100 and equipment depreciation of $27,000 for 3,700 hours of production. The department actually completed 4,900 hours of production.

Determine the budget for the department, assuming that it uses flexible budgeting.
$

2. Pasadena Candle Inc. projected sales of 53,000 candles for January. The estimated January 1 inventory is 3,700 units, and the desired January 31 inventory is 6,000 units.

Prepare a production budget report in units for Pasadena Candle Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Pasadena Candle Inc.
Production Budget
For the Month Ending January 31
Expected units to be sold
Desired ending inventory, January 31
Total units available
Estimated beginning inventory, January 1
Total units to be produced in January

3. Pasadena Candle Inc. budgeted production of 740,000 candles for the January. Wax is required to produce a candle. Assume 10 ounces of wax is required for each candle. The estimated January 1 wax inventory is 18,800 pounds. The desired January 31 wax inventory is 14,000 pounds. If candle wax costs $1.90 per pound, determine the direct materials purchases budget for January. (One pound = 16 ounces.) Round all computed answers to the nearest whole number. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Pasadena Candle Inc.
Direct Materials Purchases Budget
For the Month Ending January 31
Pounds of wax required for production:
Candles
Desired ending inventory, January 31
Total units available
Estimated beginning inventory, January 1
Total pounds to be purchased
Unit price	$
Total direct materials to be purchased in January	$

4. Pasadena Candle Inc. budgeted production of 740,000 candles for the January. Wax is required to produce a candle. Assume 10 ounces of wax is required for each candle. The estimated January 1 wax inventory is 18,800 pounds. The desired January 31 wax inventory is 14,000 pounds. If candle wax costs $1.90 per pound, determine the direct materials purchases budget for January. (One pound = 16 ounces.) Round all computed answers to the nearest whole number. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Pasadena Candle Inc.
Direct Materials Purchases Budget
For the Month Ending January 31
Pounds of wax required for production:
Candles
Desired ending inventory, January 31
Total units available
Estimated beginning inventory, January 1
Total pounds to be purchased
Unit price	$
Total direct materials to be purchased in January	$

Solutions

Expert Solution

Answer is given below

Q.No. 3 and 4 is same. Hence answer is given for Q.No.3

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

At the beginning of the period, the Assembly Department budgeted direct labor of $110,000, direct materials...

At the beginning of the period, the Assembly Department budgeted direct labor of $110,000, direct materials of $170,000, and fixed factory overhead of $28,000 for 8,000 hours of production. The department actually completed 10,000 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting? a. $288,000 b. $305,000 c. $350,000 d. $378,000 Budgeted sales for the month are a. $3,180,000 b. $5,820,000 c. $1,800,000 d. $8,500,000 The dollar amount of Material C used in...

At the beginning of the period, the Cutting Department budgeted direct labor of $132,000, direct materials...

At the beginning of the period, the Cutting Department budgeted direct labor of $132,000, direct materials of $152,000 and fixed factory overhead of $10,300 for 7,400 hours of production. The department actually completed 10,700 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting? Round hourly rates to two decimal places. Round interim calculations to two decimal places. Round your final answer to the nearest dollar. a.$298,893 b.$294,300 c.$420,966 d.$425,542 If $501,000 of...

1. Flexible budgeting Obj. 2 At the beginning of the period, the Assembly Department budgeted direct...

1. Flexible budgeting Obj. 2 At the beginning of the period, the Assembly Department budgeted direct labor of $112,000 and a property tax of $12,000 for 7,000 hours of production. The department actually completed 7,500 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. 2. Production budget Obj. 4 MyLife Chronicles Inc. projected sales of 240,000 diaries for the year. The estimated January 1 inventory is 19,900 units, and the desired December 31 inventory...

Direct Materials and Direct Labor Variances At the beginning of June, Bezco Toy Company budgeted 15,000...

Direct Materials and Direct Labor Variances At the beginning of June, Bezco Toy Company budgeted 15,000 toy action figures to be manufactured in June at standard direct materials and direct labor costs as follows: Direct materials $15,750 Direct labor 12,600 Total $28,350 The standard materials price is $0.7 per pound. The standard direct labor rate is $14 per hour. At the end of June, the actual direct materials and direct labor costs were as follows: Actual direct materials $14,600 Actual...

Direct Materials and Direct Labor Variances At the beginning of June, Kimber Toy Company budgeted 22,000...

Direct Materials and Direct Labor Variances At the beginning of June, Kimber Toy Company budgeted 22,000 toy action figures to be manufactured in June at standard direct materials and direct labor costs as follows: Direct materials $46,200 Direct labor 23,100 Total $69,300 The standard materials price is $0.60 per pound. The standard direct labor rate is $15.00 per hour. At the end of June, the actual direct materials and direct labor costs were as follows: Actual direct materials $43,300 Actual...

The manufacturing overhead budget at Franklyn Corporation is based on budgeted direct labor-hours. The direct labor...

The manufacturing overhead budget at Franklyn Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 2,600 direct labor-hours will be required in January. The variable overhead rate is $7 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $43,100 per month, which includes depreciation of $3,660. All other fixed manufacturing overhead costs represent current cash flows. The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be: Multiple Choice $61,300 $18,200 $57,640...

Direct Materials, Direct Labor, and Reports budgeted and actual costs for variable and fixed factory overhead...

Direct Materials, Direct Labor, and Reports budgeted and actual costs for variable and fixed factory overhead along with the related controllable and volume variances.Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. A detailed estimate of what a product should cost.Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 7,200 units of product were as follows: Standard Costs Actual Costs Direct materials 9,400 lb. at $5.20 9,300...

The following data relate to a manufacturing department for a period: Budgeted data for the coming...

The following data relate to a manufacturing department for a period: Budgeted data for the coming year are as follows: Direct labour hours 60,000 hours Direct labour cost $110,000 Direct material cost $125,000 Production overhead $70,400 Actual data for the period are as follows: Direct labour hours 55,500 hours Direct labour cost $125,000 Direct material cost $150,000 Production overhead $67,800 Required: (7A) Calculate the production overhead absorption rate predetermined for the period based on : Percentage of direct material cost;...

1.) If budgeted beginning inventory is $8,800, budgeted ending inventory is $10,000, and budgeted cost of...

1.) If budgeted beginning inventory is $8,800, budgeted ending inventory is $10,000, and budgeted cost of goods sold is $10,760, budgeted purchases should be: $1,960 $760 $11,960 $1,200 $9,560 2.) Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget. a. Beginning cash balance on June 1, $94,900. b. Cash receipts from sales, $417,500. c. Budgeted cash disbursements for purchases, $272,500. d. Budgeted cash disbursements for salaries, $95,900. e....

In the Assembly Department, all materials are added at the beginning of the process. Labor and...

In the Assembly Department, all materials are added at the beginning of the process. Labor and overhead (conversion resources) are added evenly throughout the process. The following information pertains to the Assembly Department for the month of August. Physical Units Materials Conversion Beg work in process Inventory 1,000 units (90%) complete $4,600 $2,340 Units started in August 6,000 units Ending work in process inventory 800 unit (30% complete) Costs added in August $40,200 $49,800 a. How many units were...

Subjects