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
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter8: Budgeting For Planning And Control
Section: Chapter Questions
Problem 17E: Crescent Company produces stuffed toy animals; one of these is Arabeau the Cow. Each Arabeau takes...
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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.
| 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.
| 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.
| 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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