Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 340, 320, 392, 352, and 420  respectively. Budgeted production in units for January, February, and March were 335, 338, and 382 respectively. Each unit requires 3 direct labor hours and Galactic’s hourly labor rate is $17 per hour. The company’s variable overhead is $6.00 per unit produced and its fixed overhead is $5,700 per month.   Required: 1. Determine Galactic's direct labor budget for the first quarter. 2. Determine Galactic's manufacturing overhead budget for the first quarter.

MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $4 per pound and 0.7 direct labor hour at a rate of $18 per hour. Variable overhead is budgeted at a rate of $2 per direct labor hour. Budgeted fixed overhead is $18,000 per month. The company's policy is to end each month with direct materials inventory equal to 20% of the next month's direct materials requirement. At the end of August the company had 1,880 pounds of direct materials in inventory. The company's production budget reports the following. Production Budget September October November Units to produce 4,700 7,100 6,200 (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 labor budgets for September and October. (Round "DL hours…

Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct materials: 6 pounds at $8 per pound $ 48 Direct labor: 4 hours at $17 per hour 68 Variable overhead: 4 hours at $4 per hour 16 Total standard cost per unit $ 132   The planning budget for March was based on producing and selling 19,000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs: Purchased 160,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production. Direct laborers worked 72,000 hours at a rate of $18 per hour. Total variable manufacturing overhead for the month was $336,960. 1.  What is the materials quantity variance for March? indicate whether F or U 2. If Preble had purchased 187,000 pounds of materials at $7.20 per pound and used 160,000 pounds in production, what…

Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows:       Direct materials: 5 pounds at $11 per pound $ 55 Direct labor: 3 hours at $12 per hour   36 Variable overhead: 3 hours at $7 per hour   21 Total standard cost per unit $ 112     The planning budget for March was based on producing and selling 21,000 units. However, during March the company actually produced and sold 26,600 units and incurred the following costs:   Purchased 154,000 pounds of raw materials at a cost of $9.50 per pound. All of this material was used in production. Direct laborers worked 63,000 hours at a rate of $13 per hour. Total variable manufacturing overhead for the month was $510,930.   Questions: A) 3. What is the materials price variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no…