Manufacturing overhead is allocated at the rate of $19 per direct manufacturing labor-hour.
I only need help figuring out how to do requirements 4-9 The Sabot Corporation manufactures and sells two products: Thingone and Thingtwo. In July 2016, Sabot's budget department gathered the following data to prepare budgets for 2017: www.e actual and projected direct materials data.) i Actual and Projected Direct Materials Data Requirements i – X Budget Data Units Price 2017 Projected Sales Product Thingone Thingtwo 2017 Inventories in Units 65,000 48,000 $ $ Based on the preceding projections and budget requirements for Thingone and Thingtwo, prepare the following budgets for 2017: 1. Revenues budget (in dollars) 2. What questions might the CEO ask the marketing manager when reviewing the revenues budget? Explain briefly. 3. Production budget (in units) 4. Direct material purchases budget (in quantities) 5. Direct material purchases budget (in dollars) 6. Direct manufacturing labor budget (in dollars) 7. Budgeted finished-goods inventory at December 31, 2017 (in dollars) 8. What questions might the CEO ask the production manager when reviewing the production, direct materials, and direct manufacturing labor budgets? 9. How does preparing a budget help Sabot Corporation's top management better manage the company? 160 256 The following direct materials are used in the two products: Amount Used per Unit Direct Material Unit Thingone Thingtwo pound 4 pound 2 each Projected data for 2017 for direct materials are: Anticipated Expected Target Direct Purchase Inventories Inventories Material Price January 1, 2017 December 31, 2017 AS 12 34,000 lb 39,000 lb. 30,000 lb. 33,000 lb. 10,000 units 12,000 units Product Expected Target January 1, 2017 December 31, 2017 28,000 33,000 7,000 8,000 Thingone Thingtwo Print Done Print Done Add target ending inventory Total requirements i Projected Direct Manufacturing Labor Data Deduct beginning inventory Purchases to be made (units) Projected direct manufacturing labor requirements and rates for 2017 are: Product Hours per Unit Rate per Hour Thingone 2 $ 12 Thingtwo 3 S 17 Enter any number in the edit fields and then click Check Answer parts