Desired ending materials inventory estimated

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Desired ending materials inventory Estimated beginning materials inventory Direct materials to be purchased Sales Budget 4
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11-21 21-21 Direct Materials Purchase Budget ( continued ) 4 Exhibit 10 Note A: 520,000 units × 0.30 sq. yd. per unit = 156,000 sq. yds.
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11-22 21-22 Direct Materials Purchase Budget (continued) Note A: 520,000 units × 0.10 sq. yd. per unit = 52,000 sq. yds. ( continued ) 4 Exhibit 10
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11-23 21-23 ( continued ) 4 Direct Materials Purchase Budget (continued) Exhibit 10 Note B: 292,000 units × 1.25 sq. yd. per unit = 365,000 sq. yds.
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11-24 21-24 Note B: 292,000 units × .50 sq. yd. per unit = 146,000 sq. yds. 4 Direct Materials Purchase Budget (concluded) Exhibit 10
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11-25 21-25 Direct Labor Cost Budget The direct labor cost budget estimates the direct labor hours and related cost needed to support budgeted production. 4
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11-26 21-26 Production Budget Direct Materials Purchases Budget Direct Labor Cost Budget Sales Budget 4
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11-27 21-27 Direct Labor Cost Budget Note A: 520,000 units × 0.10 hr. per unit = 52,000 hrs. 4 Exhibit 11 (continued )
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11-28 21-28 Direct Labor Cost Budget (continued) (continued ) Note A: 520,000 units × 0.25 hr. per unit = 130,000 hrs. 4 Exhibit 11
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11-29 21-29 (continued) Note B: 292,000 units × 0.15 hr. per unit = 43,800 hrs. 4 Direct Labor Cost Budget (continued) Exhibit 11
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11-30 21-30 4 Direct Labor Cost Budget (concluded) Exhibit 11 Note B: 292,000 units × 0.40 hr. per unit = 116,800 hrs.
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11-31 21-31 Factory Overhead Cost Budget The factory overhead cost budget estimates the cost for each item of factory overhead needed to support budgeted production. 4
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11-32 21-32 Factory Overhead Cost Budget 4 Exhibit 12
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11-33 21-33 Cost of Goods Sold Budget Direct materials purchases budget Direct labor cost budget Factory overhead cost budget 4 Exhibit 13
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11-34 21-34 Selling and Administrative Expenses Budget The sales budget is often used as the starting point for the selling and administrative expenses budget . This budget is normally supported by departmental schedules.
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