Exercise 20-15 Manufacturing: Direct materials, direct labor, and overhead budgets LO P1

MCO Leather Goods manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost of $4 per pound and 0.7 direct labor hours at a rate of $10 per hour. Variable manufacturing overhead is charged at a rate of $3 per direct labor hour. Fixed manufacturing overhead is $16,000 per month. The company’s policy is to end each month with direct materials inventory equal to 40% of the next month’s materials requirement. At the end of August the company had 4,180 pounds of direct materials in inventory. The company’s production budget reports the following.

(1) Prepare direct materials budgets for September and October.
(2) Prepare direct labor budgets for September and October.
(3) Prepare factory overhead budgets for September and October.

Complete this question by entering your answers in the tabs below.

• Required 1
• Required 2
• Required 3

Prepare direct materials budgets for September and October.

• Complete this question by entering your answers in the tabs below.

• Required 1
• Required 2
• Required 3

• Prepare direct labor budgets for September and October. (Round "DL hours required per unit" answers to one decimal place.)

  	MCO LEATHER GOODS Direct Labor Budget For the Months of September and October September October Budgeted production (units) DL hours required per unit Total direct labor hours needed Direct labor rate per hour Total budgeted direct labor

• Prepare factory overhead budgets for September and October.

  	MCO LEATHER GOODS Factory Overhead Budget For the Months of September and October September October Total direct labor hours needed VOH rate per DL hour Budgeted variable overhead Budgeted fixed overhead Total budgeted factory overhead

• Complete this question by entering your answers in the tabs below.

Discuss the challenges of marketing internationally. How does United States Mexico Canada Agreement (USMCA) affect marketing opportunities for US Products in North America?United States Mexico Canada Agreement?

In terms of distribution networks, should Nokero maintain
fulfillment warehouses in Africa, Asia, and Latin America?
How should Nokero address the last mile issue of accessing
people in the most remote locations?

Compare and contrast the regional differences (New England, Mid Atlantic, and southern) in the colonial economy of British North America between 1607 and 1750. What factors account for such divergent experiences? Please be specific.

The most important characteristic of the Colonial Period (pre-1776) that shaped modern America was slavery. How did this lead to the Revolution and the Civil War? How did slavery help shape the modern nation?

In what ways did Native Americans and non-Native Americans (Las Casas) successfully protest Spanish treatment of natives in North America? Use both text and primary sources in your response.

In America, western states had more economic equality relative to the original 13 colonies. According to Engerman and Sokoloff, how should you anticipate voting rights to differ between the two regions?

1.1. What are the main characteristics of the HVAC market in the United States of America?

1.2. What share HVAC drives and Rotor Heat Exchangers have in the market?

1.3. Why the HVAC market is complex?