Direct Materials Purchases Budget Lorenzo’s Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12'' and 16'' frozen pizzas for September:   Units   12" Pizza 16" Pizza Budgeted production volume 14,600   23,400   Three direct materials are used in producing the two types of pizza. The quantities of direct materials expected to be used for each pizza are as follows:   12" Pizza 16" Pizza Direct materials:   Dough 0.80 lb. per unit 1.50 lb. per unit   Tomato 0.50   0.70     Cheese 0.70   1.30   In addition, Lorenzo’s has determined the following information about each material:   Dough Tomato Cheese Estimated inventory, September 1 580 lb. 220 lb. 280 lb. Desired inventory, September 30 610 lb. 210 lb. 310 lb. Price per pound $1.10   $2.30   $3.40   Prepare September's direct materials purchases budget for Lorenzo’s Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Lorenzo’s Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending September 30   Dough Tomato Cheese Total Units required for production:         12" pizza fill in the blank 1 fill in the blank 2 fill in the blank 3   16" pizza fill in the blank 4 fill in the blank 5 fill in the blank 6     fill in the blank 8 fill in the blank 9 fill in the blank 10   Total pounds required fill in the blank 11 fill in the blank 12 fill in the blank 13     fill in the blank 15 fill in the blank 16 fill in the blank 17   Total units to be purchased fill in the blank 18 fill in the blank 19 fill in the blank 20   Unit price x $fill in the blank 21 x $fill in the blank 22 x $fill in the blank 23   Total direct materials to be purchased $fill in the blank 24 $fill in the blank 25 $fill in the blank 26 $fill in the blank 27

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Alpesh

Direct Labor Cost Budget Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July for the two rackets is as follows:   Junior Pro Striker Production budget 1,500 units 6,200 units Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows:   Forming Department Assembly Department Junior 0.16 hour per unit 0.24 hour per unit Pro Striker 0.20 hour per unit 0.30 hour per unit The direct labor rate for each department is as follows: Forming Department $18.00 per hour Assembly Department $14.00 per hour Prepare the direct labor cost budget for July. Ace Racket Company Direct Labor Cost Budget For the Month Ending July 31   Forming Department Assembly Department Hours required for production:     Junior fill in the blank 1 fill in the blank 2 Pro Striker fill in the blank 3 fill in the blank 4…

Flexible Budget for Various Levels of Activity Palladium Inc. produces a variety of household cleaning products. Palladium’s controller has developed standard costs for the following four overhead items: Overhead Item Total Fixed Cost Variable Rate per DirectLabor Hour Maintenance $ 86,000           $0.20                    Power   0.45                    Indirect labor 140,000           2.10                    Rent 35,000             Next year, Palladium expects production to require 90,000 direct labor hours. Required: 1. Prepare an overhead budget for the expected level of direct labor hours for the coming year. Palladium Inc. Overhead Budget For the Coming Year Variable costs: Rate per Hour Activity Level90,000 Hours   Maintenance $fill in the blank 336531fff03bfc2_1 $fill in the blank 336531fff03bfc2_2   Power fill in the blank 336531fff03bfc2_3 fill in the blank 336531fff03bfc2_4   Indirect labor fill in the blank 336531fff03bfc2_5 fill in the…

Subject: acounting

Direct Labor Cost Budget Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July for the two rackets is as follows:   Junior Pro Striker Production budget 6,800 units 24,500 units Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows:   Forming Department Assembly Department Junior 0.25 hour per unit 0.5 hour per unit Pro Striker 0.35 hour per unit 0.75 hour per unit The direct labor rate for each department is as follows: Forming Department $17 per hour Assembly Department $9 per hour Prepare the direct labor cost budget for July. Ace Racket Company Direct Labor Cost Budget For the Month Ending July 31   Forming Department Assembly Department Hours required for production:     Junior     Pro Striker     Total     Hourly rate x$ x$ Total direct labor cost $ $

f2 Four grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made by a small company in western Siberia. The cost of the musk oil is $1.70 per gram. Budgeted production of Mink Caress is given below by quarters for Year 2 and for the first quarter of Year 3: Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production Total units of raw materials needed Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to purchased Required: Prepare a direct materials budget for musk oil, by quarter and in total, for Year 2. f3 First 92,000 Budgeted production, in bottles. The inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 73,600 grams of musk oil will be on hand to start the first quarter of Year 2. f4 fs Second 122,000 First Mink Caress Direct Materials Budget - Year 2 f6 Year 2 Q Search 4- Third 182,000 Second f7…