Direct Materials Purchases Budget: Direct Labor Budget Crescent Company produces stuffed toy animals; one of these is “Arabeau the Cow.” Each Arabeau takes 0.20 yard of fabric (white with irregular black splotches) and 10 ounces of polyfiberfill. Fabric costs $3.40 per yard and polyfiberfill is $0.05 per ounce. Crescent has budgeted production of Arabeaus for the next four months as follows:   Units October 44,000 November 80,000 December 50,000 January 40,000 Inventory policy requires that sufficient fabric be in ending monthly inventory to satisfy 20 percent of the following month’s production needs and sufficient polyfiberfill be in inventory to satisfy 40 percent of the following month’s production needs. Inventory of fabric and polyfiberfill at the beginning of October equals exactly the amount needed to satisfy the inventory policy. Each Arabeau produced requires (on average) 0.10 direct labor hour. The average cost of direct labor is $15 per hour. Required: 1. Prepare a direct materials purchases budget of fabric for the last quarter of the year showing purchases in units and in dollars for each month and for the quarter in total. Round your answers to the nearest cent, if required. Crescent Company Direct Materials Purchases Budget for Fabric For the Fourth Quarter   October November December Total Units produced fill in the blank 4450adfc9005f82_1 fill in the blank 4450adfc9005f82_2 fill in the blank 4450adfc9005f82_3 fill in the blank 4450adfc9005f82_4 DM per unit (yd.) fill in the blank 4450adfc9005f82_5 fill in the blank 4450adfc9005f82_6 fill in the blank 4450adfc9005f82_7 fill in the blank 4450adfc9005f82_8 Production needs fill in the blank 4450adfc9005f82_9 fill in the blank 4450adfc9005f82_10 fill in the blank 4450adfc9005f82_11 fill in the blank 4450adfc9005f82_12 Desired ending inventory (yd.) fill in the blank 4450adfc9005f82_13 fill in the blank 4450adfc9005f82_14 fill in the blank 4450adfc9005f82_15 fill in the blank 4450adfc9005f82_16 Total needed fill in the blank 4450adfc9005f82_17 fill in the blank 4450adfc9005f82_18 fill in the blank 4450adfc9005f82_19 fill in the blank 4450adfc9005f82_20 Less: Beginning inventory fill in the blank 4450adfc9005f82_21 fill in the blank 4450adfc9005f82_22 fill in the blank 4450adfc9005f82_23 fill in the blank 4450adfc9005f82_24 DM to be purchased (yd.) fill in the blank 4450adfc9005f82_25 fill in the blank 4450adfc9005f82_26 fill in the blank 4450adfc9005f82_27 fill in the blank 4450adfc9005f82_28 Cost per yard $fill in the blank 4450adfc9005f82_29 $fill in the blank 4450adfc9005f82_30 $fill in the blank 4450adfc9005f82_31 $fill in the blank 4450adfc9005f82_32 Total purchase cost $fill in the blank 4450adfc9005f82_33 $fill in the blank 4450adfc9005f82_34 $fill in the blank 4450adfc9005f82_35 $fill in the blank 4450adfc9005f82_36   2. Prepare a direct materials purchases budget of polyfiberfill for the last quarter of the year showing purchases in units and in dollars for each month and for the quarter in total. Round your answers to the nearest cent, if required. Crescent Company Direct Materials Purchases Budget for Polyfiberfill For the Fourth Quarter   October November December Total Units produced         DM per unit (oz.)         Production needs         Desired ending inventory (oz.)         Total needed         Less: Beginning inventory         DM to be purchased (oz.)         Cost per ounce         Total purchase cost           3. Prepare a direct labor budget for the last quarter of the year showing the hours needed and the direct labor cost for each month and for the quarter in total. Round your answers to the nearest cent, if required. Crescent Company Direct Labor Budget For the Fourth Quarter   October November December Total Units produced         Direct labor time per unit (hours)         Direct labor hours needed         Cost per direct labor hour         Total direct labor cost

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Prepare the cash payments budget for direct materials purchases for the months of January, February, and March, as well as a summary for the first quarter. Birdfeeders Unlimited makes backyard birdfeeders. The company sells the birdfeeders to home improvement stores.     $15 Sales price per birdfeeder               1.5 Board feet of wood required for each birdfeeder           $4 Cost per board foot (actual)               10% Desired ending wood inventory stated as a percentage of next month’s production requirements     20% Desired ending finished goods inventory (finished birdfeeders) stated as a percentage of next month’s sales                           $550,000 Total cost of direct materials purchases in December           45%  of direct materials purchases are paid in the month of purchase       55% of direct materials purchases are paid in the month after purchase

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Seranno Inc. budgeted production of 55,000 personal journals in 20Y6. Paper is required to produce a journal. Assume 104 square yards of paper are required for each journal. The estimated January 1, 20Y6, paper inventory is 286,000 square yards. The desired December 31, 20Y6, paper inventory is 315,000 square yards. If paper costs $0.16 per square yard, determine the direct materials purchases budget for 20Y6. If required, round your final answer to the nearest dollar.$

Two grams of musk oil are required for each bottle of Mink Caress, a popular perfume made by a company in western Siberia. The cost of the musk oil is $1.60 per gram. Budgeted quarterly production of Mink Caress is given below for Year 2 and the first quarter of Year 3: Budgeted production, in bottles First 76,000 Year 2 Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to purchased Second Third Fourth 106,000 166,000 116,000 The inventory of musk oil at the end of a quarter must equal 20% of the following quarter's production needs. A total of 30,400 grams of musk oil will be on hand to start the first quarter of Year 2. Required: Prepare a direct materials budget for musk oil, by quarter and in total, for Year 2. Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production Total units of raw materials needed Mink Caress Direct Materials Budget - Year 2 Second First Quarter Year 3 First 86,000 Third…

6. Dauber Inc. budgeted production of 33,000 personal journals in 20Y6. Each journal requires assembly. Assume that four minutes are required to assemble each journal. If assembly labor costs $16.25 per hour, determine the direct labor cost budget for 20Y6. Do not round your intermediate calculations but, if required, round your final answer to the nearest dollar. $______

Four grams of musk oil are required for each bottle of Mink Caress, a popular perfume made by a company in western Siberia. The cost of the musk oil is $2.10 per gram. Budgeted quarterly production of Mink Caress is given below for Year 2 and the first quarter of Year 3: Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production First 98,000 Total units of raw materials needed Year 2 Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to purchased Second 128,000 Required: Prepare a direct materials budget for musk oil, by quarter and in total, for Year 2. Budgeted production, in bottles The inventory of musk oil at the end of a quarter must equal 20% of the following quarter's production needs. A total of 78,400 grams of musk oil will be on hand to start the first quarter of Year 2. Third 188,000 Mink Caress Direct Materials Budget - Year 2 First Fourth 138,000 Second Quarter Year 3 First 108,000 Third…

Direct Labor Cost Budget Hours required for assembly: Pasadena Candle Inc. budgeted production of 45,000 candles for January. Each candle requires molding. Assume that 15 minutes are required to mold each candle. If molding labor costs $12 per hour, determine the direct labor cost budget for January. Round total direct labor cost to the nearest dollar, if required. Pasadena Candle Inc. Direct Labor Cost Budget For the Month Ending January 31 Candles Convert minutes to hours Molding hours Hourly rate Total direct labor cost -1. ÷ X $ r=&inprogress=false $ min. min. ✩✩ = ☆ hrs. Previous Next Upda