Sheffield Corp. is planning to produce 600 composting bins and sell 580 composting bins during March. Each composting bin requires 500 grams of plastic and one-half hour of direct labor. Plastic costs $12 per 500 grams and employees of the company are paid $20 per hour. Manufacturing overhead is applied at a rate of 120% of direct labor costs. Sheffield has 400 kilos of plastic in beginning direct materials inventory and wants to have 400 kilos in ending direct materials inventory. What is total amount budgeted for direct labor in March? O $144000 O $6000 $8000 O $16000

Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $2 per pound and 0.4 direct labor hour at a rate of $18 per hour. Variable overhead is budgeted at a rate of $3 per direct labor hour. Budgeted fixed overhead is $4,500 per month. The company's policy is to maintain direct materials Inventory equal to 30% of the next month's direct materials requirement. At the end of February the company had 7,440 pounds of direct materials In Inventory. The company's production budget reports the following. Production Budget Units to produce (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and April. (3) Prepare factory overhead budgets for March and April. Required 1 Required 2 April March 3,100 4,400 Complete this question by entering your answers in the tabs below. Direct labor hours needed Budgeted variable overhead May 4,600 Prepare factory overhead budgets for March and April. GARDEN…

Iguana, Inc., manufactures bamboo picture frames that sell for $25 each. Each frame requires 4 linear feet of bamboo, which costs $2.00 per foot. Each frame takes approximately 30 minutes to build, and the labor rate averages $12.00 per hour. Iguana has the following inventory policies:     Ending finished goods inventory should be 40 percent of next month’s sales. Ending direct materials inventory should be 30 percent of next month’s production. Expected unit sales (frames) for the upcoming months follow:      March 275 April 250 May 300 June 400 July 375 August 425   Variable manufacturing overhead is incurred at a rate of $0.30 per unit produced. Annual fixed manufacturing overhead is estimated to be $7,200 ($600 per month) for expected production of 4,000 units for the year. Selling and administrative expenses are estimated at $650 per month plus $0.60 per unit sold.Iguana, Inc., had $10,800 cash on hand on April 1. Of its sales, 80 percent is in cash. Of the…

MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $3 per pound and 0.7 direct labor hour at a rate of $17 per hour. Variable overhead is budgeted at a rate of $3 per direct labor hour. Budgeted fixed overhead is $14,000 per month. The company’s policy is to end each month with direct materials inventory equal to 30% of the next month’s direct materials requirement. At the end of August the company had 2,880 pounds of direct materials in inventory. The company’s production budget reports the following.  Production Budget September October November Units to produce 4,800 6,800 6,400  (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.