allsportsbudget

allsportsbudget - direct labor hour. A. Prepare a sales...

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All Sports sells canvas gear bags for $38 each. Budgeted amounts for the first 4 months of 2012 appear below. January 28,000 units March 24,000 units February 26,000 units April 29,000 units All Sports wants to have enough canvas on hand at the end of each month equal to 15 percent of the following month’s production material needs. Each bag requires 4.2 yards of canvas. At the end of each month, the company expects to have 30 percent of the next month’s budgeted unit sales of bags on hand. The canvas costs $3.40 per yard. Each gear bag produced requires 36 minutes of direct labor. Employees are paid $12 per hour. Manufacturing overhead is applied at a rate of $5 per
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Unformatted text preview: direct labor hour. A. Prepare a sales budget for February. B. How many bags should All Sports produce during the month of February ? C. Prepare a materials purchases budget for February. D. Prepare a direct labor budget for All Sports for February. E. Prepare a manufacturing overhead budget for February. F. How much is raw materials inventory for All Sports on its February 28 balance sheet? G. How much is finished goods inventory for All Sports on its February 28 balance sheet? H. How much is cost of goods sold for February?...
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This note was uploaded on 07/09/2011 for the course ACG 2071 taught by Professor Tanner during the Spring '11 term at UNF.

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allsportsbudget - direct labor hour. A. Prepare a sales...

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