Business, 20.03.2020 09:09 isabelsmhl
Ramos Co. provides the following sales forecast and production budget for the next four months: April May June July Sales (units) 510 590 540 610 Budgeted production (units) 450 580 550 550 The company plans for finished goods inventory of 130 units at the end of June. In addition, each finished unit requires 6 pounds of direct materials and the company wants to end each month with direct materials inventory equal to 25% of next month’s production needs. Beginning direct materials inventory for April was 675 pounds. Direct materials cost $3 per pound. Each finished unit requires 0.60 hours of direct labor at the rate of $17 per hour. The company budgets variable overhead at the rate of $21 per direct labor hour and budgets fixed overhead of $8,100 per month. 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget for April, May, and June.
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Ramos Co. provides the following sales forecast and production budget for the next four months: Apri...
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