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Problem 3 Anderson, Inc. provides the following data for the April – July 2019: March April...

Problem 3

Anderson, Inc. provides the following data for the April – July 2019:

March

April

May

June

July

Budgeted production units

     500

580

530

600

Ending Raw Materials Inventory

663 lbs.


Desired ending inventory:
    Raw materials (pounds) = 30% of next month's production needs
Pounds of raw material required for each finished Unit = 5 lbs

Raw material price = $8/lb

Direct labor hours per unit = 0.5 hrs

Direct labor rate = $12/hour


Required:

a. Prepare the Direct Materials Budget for April, May and June.

b. Prepare the Direct Labor Budget for April, May and June.

Solutions

Expert Solution

.

ekkarill92 answered 2 years ago
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