Macchu Company produces stuffed toy animals; one of these is “Andie the Llama.” Each Andie takes 0.20 yard of fabric (white with irregular black splotches) and 8 ounces of polyfiberfill. Fabric costs $3.40 per yard and polyfiberfill is $0.05 per ounce. Macchu has budgeted production of Andies for the next four months as follows: Units October 41,000 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 15 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 Andie produced requires (on average) 0.10 direct labor hour. The average cost of direct labor is $16 per hour. 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. Macchu CompanyDirect Materials Purchases Budget for FabricFor the Fourth Quarter October November December Total Units produced fill in the blank 6f5816068fd8039_1 fill in the blank 6f5816068fd8039_2 fill in the blank 6f5816068fd8039_3 fill in the blank 6f5816068fd8039_4 DM per unit (yd.) fill in the blank 6f5816068fd8039_5 fill in the blank 6f5816068fd8039_6 fill in the blank 6f5816068fd8039_7 fill in the blank 6f5816068fd8039_8 Production needs fill in the blank 6f5816068fd8039_9 fill in the blank 6f5816068fd8039_10 fill in the blank 6f5816068fd8039_11 fill in the blank 6f5816068fd8039_12 Desired ending inventory (yd.) fill in the blank 6f5816068fd8039_13 fill in the blank 6f5816068fd8039_14 fill in the blank 6f5816068fd8039_15 fill in the blank 6f5816068fd8039_16 Total needed Less: Beginning inventory DM to be purchased (yd.) Cost per yard Total purchase cost 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. Macchu CompanyDirect Materials Purchases Budget for PolyfiberfillFor the Fourth Quarter October November December Total Units produced fill in the blank 827281015fd5fe4_1 fill in the blank 827281015fd5fe4_2 fill in the blank 827281015fd5fe4_3 fill in the blank 827281015fd5fe4_4 DM per unit (oz.) fill in the blank 827281015fd5fe4_5 fill in the blank 827281015fd5fe4_6 fill in the blank 827281015fd5fe4_7 fill in the blank 827281015fd5fe4_8 Production needs fill in the blank 827281015fd5fe4_9 fill in the blank 827281015fd5fe4_10 fill in the blank 827281015fd5fe4_11 fill in the blank 827281015fd5fe4_12 Desired ending inventory (oz.) fill in the blank 827281015fd5fe4_13 fill in the blank 827281015fd5fe4_14 fill in the blank 827281015fd5fe4_15 fill in the blank 827281015fd5fe4_16 Total needed fill in the blank 827281015fd5fe4_17 fill in the blank 827281015fd5fe4_18 fill in the blank 827281015fd5fe4_19 fill in the blank 827281015fd5fe4_20 Less: Beginning inventory fill in the blank 827281015fd5fe4_21 fill in the blank 827281015fd5fe4_22 fill in the blank 827281015fd5fe4_23 fill in the blank 827281015fd5fe4_24 DM to be purchased (oz.) fill in the blank 827281015fd5fe4_25 fill in the blank 827281015fd5fe4_26 fill in the blank 827281015fd5fe4_27 fill in the blank 827281015fd5fe4_28 Cost per ounce $fill in the blank 827281015fd5fe4_29 $fill in the blank 827281015fd5fe4_30 $fill in the blank 827281015fd5fe4_31 $fill in the blank 827281015fd5fe4_32 Total purchase cost $fill in the blank 827281015fd5fe4_33 $fill in the blank 827281015fd5fe4_34 $fill in the blank 827281015fd5fe4_35 $fill in the blank 827281015fd5fe4_36 Question Content Area 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. Macchu CompanyDirect

Macchu Company produces stuffed toy animals; one of these is “Andie the Llama.” Each Andie takes 0.20 yard of fabric (white with irregular black splotches) and 8 ounces of polyfiberfill. Fabric costs $3.40 per yard and polyfiberfill is $0.05 per ounce. Macchu has budgeted production of Andies for the next four months as follows: Units October 41,000 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 15 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 Andie produced requires (on average) 0.10 direct labor hour. The average cost of direct labor is $16 per hour. 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. Macchu CompanyDirect Materials Purchases Budget for FabricFor the Fourth Quarter October November December Total Units produced fill in the blank 6f5816068fd8039_1 fill in the blank 6f5816068fd8039_2 fill in the blank 6f5816068fd8039_3 fill in the blank 6f5816068fd8039_4 DM per unit (yd.) fill in the blank 6f5816068fd8039_5 fill in the blank 6f5816068fd8039_6 fill in the blank 6f5816068fd8039_7 fill in the blank 6f5816068fd8039_8 Production needs fill in the blank 6f5816068fd8039_9 fill in the blank 6f5816068fd8039_10 fill in the blank 6f5816068fd8039_11 fill in the blank 6f5816068fd8039_12 Desired ending inventory (yd.) fill in the blank 6f5816068fd8039_13 fill in the blank 6f5816068fd8039_14 fill in the blank 6f5816068fd8039_15 fill in the blank 6f5816068fd8039_16 Total needed Less: Beginning inventory DM to be purchased (yd.) Cost per yard Total purchase cost 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. Macchu CompanyDirect Materials Purchases Budget for PolyfiberfillFor the Fourth Quarter October November December Total Units produced fill in the blank 827281015fd5fe4_1 fill in the blank 827281015fd5fe4_2 fill in the blank 827281015fd5fe4_3 fill in the blank 827281015fd5fe4_4 DM per unit (oz.) fill in the blank 827281015fd5fe4_5 fill in the blank 827281015fd5fe4_6 fill in the blank 827281015fd5fe4_7 fill in the blank 827281015fd5fe4_8 Production needs fill in the blank 827281015fd5fe4_9 fill in the blank 827281015fd5fe4_10 fill in the blank 827281015fd5fe4_11 fill in the blank 827281015fd5fe4_12 Desired ending inventory (oz.) fill in the blank 827281015fd5fe4_13 fill in the blank 827281015fd5fe4_14 fill in the blank 827281015fd5fe4_15 fill in the blank 827281015fd5fe4_16 Total needed fill in the blank 827281015fd5fe4_17 fill in the blank 827281015fd5fe4_18 fill in the blank 827281015fd5fe4_19 fill in the blank 827281015fd5fe4_20 Less: Beginning inventory fill in the blank 827281015fd5fe4_21 fill in the blank 827281015fd5fe4_22 fill in the blank 827281015fd5fe4_23 fill in the blank 827281015fd5fe4_24 DM to be purchased (oz.) fill in the blank 827281015fd5fe4_25 fill in the blank 827281015fd5fe4_26 fill in the blank 827281015fd5fe4_27 fill in the blank 827281015fd5fe4_28 Cost per ounce $fill in the blank 827281015fd5fe4_29 $fill in the blank 827281015fd5fe4_30 $fill in the blank 827281015fd5fe4_31 $fill in the blank 827281015fd5fe4_32 Total purchase cost $fill in the blank 827281015fd5fe4_33 $fill in the blank 827281015fd5fe4_34 $fill in the blank 827281015fd5fe4_35 $fill in the blank 827281015fd5fe4_36 Question Content Area 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. Macchu CompanyDirect

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

	Units
October	41,000
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 15 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 Andie produced requires (on average) 0.10 direct labor hour. The average cost of direct labor is $16 per hour.

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.

Macchu CompanyDirect Materials Purchases Budget for FabricFor the Fourth Quarter

	October	November	December	Total
Units produced	fill in the blank 6f5816068fd8039_1	fill in the blank 6f5816068fd8039_2	fill in the blank 6f5816068fd8039_3	fill in the blank 6f5816068fd8039_4
DM per unit (yd.)	fill in the blank 6f5816068fd8039_5	fill in the blank 6f5816068fd8039_6	fill in the blank 6f5816068fd8039_7	fill in the blank 6f5816068fd8039_8
Production needs	fill in the blank 6f5816068fd8039_9	fill in the blank 6f5816068fd8039_10	fill in the blank 6f5816068fd8039_11	fill in the blank 6f5816068fd8039_12
Desired ending inventory (yd.)	fill in the blank 6f5816068fd8039_13	fill in the blank 6f5816068fd8039_14	fill in the blank 6f5816068fd8039_15	fill in the blank 6f5816068fd8039_16
Total needed
Less: Beginning inventory
DM to be purchased (yd.)
Cost per yard
Total purchase cost

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.

Macchu CompanyDirect Materials Purchases Budget for PolyfiberfillFor the Fourth Quarter

	October	November	December	Total
Units produced	fill in the blank 827281015fd5fe4_1	fill in the blank 827281015fd5fe4_2	fill in the blank 827281015fd5fe4_3	fill in the blank 827281015fd5fe4_4
DM per unit (oz.)	fill in the blank 827281015fd5fe4_5	fill in the blank 827281015fd5fe4_6	fill in the blank 827281015fd5fe4_7	fill in the blank 827281015fd5fe4_8
Production needs	fill in the blank 827281015fd5fe4_9	fill in the blank 827281015fd5fe4_10	fill in the blank 827281015fd5fe4_11	fill in the blank 827281015fd5fe4_12
Desired ending inventory (oz.)	fill in the blank 827281015fd5fe4_13	fill in the blank 827281015fd5fe4_14	fill in the blank 827281015fd5fe4_15	fill in the blank 827281015fd5fe4_16
Total needed	fill in the blank 827281015fd5fe4_17	fill in the blank 827281015fd5fe4_18	fill in the blank 827281015fd5fe4_19	fill in the blank 827281015fd5fe4_20
Less: Beginning inventory	fill in the blank 827281015fd5fe4_21	fill in the blank 827281015fd5fe4_22	fill in the blank 827281015fd5fe4_23	fill in the blank 827281015fd5fe4_24
DM to be purchased (oz.)	fill in the blank 827281015fd5fe4_25	fill in the blank 827281015fd5fe4_26	fill in the blank 827281015fd5fe4_27	fill in the blank 827281015fd5fe4_28
Cost per ounce	$fill in the blank 827281015fd5fe4_29	$fill in the blank 827281015fd5fe4_30	$fill in the blank 827281015fd5fe4_31	$fill in the blank 827281015fd5fe4_32
Total purchase cost	$fill in the blank 827281015fd5fe4_33	$fill in the blank 827281015fd5fe4_34	$fill in the blank 827281015fd5fe4_35	$fill in the blank 827281015fd5fe4_36

Question Content Area

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.

Macchu CompanyDirect Labor BudgetFor the Fourth Quarter

	October	November	December	Total
Units produced	fill in the blank d017ae004fd9027_1	fill in the blank d017ae004fd9027_2	fill in the blank d017ae004fd9027_3	fill in the blank d017ae004fd9027_4
Direct labor time per unit (hours)	fill in the blank d017ae004fd9027_5	fill in the blank d017ae004fd9027_6	fill in the blank d017ae004fd9027_7	fill in the blank d017ae004fd9027_8
Direct labor hours needed	fill in the blank d017ae004fd9027_9	fill in the blank d017ae004fd9027_10	fill in the blank d017ae004fd9027_11	fill in the blank d017ae004fd9027_12
Cost per direct labor hour	$fill in the blank d017ae004fd9027_13	$fill in the blank d017ae004fd9027_14	$fill in the blank d017ae004fd9027_15	$fill in the blank d017ae004fd9027_16
Total direct labor cost	$fill in the blank d017ae004fd9027_17	$fill in the blank d017ae004fd9027_18	$fill in the blank d017ae004fd9027_19	$fill in the blank d017ae004fd9027_20

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