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Bamboo You, Inc. This company manufactures bamboo...

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Bamboo You, Inc. This company manufactures bamboo picture frames that sell for $20 each. Each frame requires 4 linear feet of bamboo, which costs $1.50 per foot. Each frame takes approximately .50 minutes to build, and the labor rate averages $10.00 per hour. Bamboo You has the following inventory policies: Ending finished goods inventory should be 40 percent of the next month's sales. Ending raw materials inventory should be 30 percent of the 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 $.25 per unit produced. Annual fixed manufacturing overhead is estimated to be $7,200 ($600 per month) for an expected production of 4,000 units for the year. Selling and administrative expenses are estimated at $650 per month plus $.60 per unit sold. rev: 03-08-2011 Requirement 1: Sales Budget April May June 2nd Quarter Budgeted Sales (units) $ $ $ $ Unit Sales Price $ $ $ $ Budgeted sales revenue $ $ $ $ Requirement 2: Production Budget April May June 2nd Quarter Budgeted Sales (units) $ $ $ $ Ending finished goods inventory $ $ $ $ Beginning finished goods inventory $ $ $ $ Budgeted production $ $ $ $ Requirement 3: Raw Materials purchase budget April May June 2nd Quarter Budget production $ $ $ $ Material Requirements per unit $ $ $ $ Total Material needed for production $ $ $ $ Ending Raw Materials inventory $ $ $ $ Beginning raw materials inventory $ $ $ $ Budgeted Raw Materials Purchases $ $ $ $ Material Cost per foot $ $ $ $ Budgeted cost of raw material purchases $ $ $ $ Requirement 4: Direct Labor Budget April May June 2nd Quarter Budgeted Production $ $ $ $ Direct labor requirements per unit $ $ $ $ Direct Labor Hours Required $ $ $ $ Direct Labor Rate $ $ $ $ Budgeted direct labor cost $ $ $ $ Requirement 5: Manufacturing overhead cost budget April May June 2nd Quarter Budgeted Production $ $ $ $ Variable manufacturing overhead rate $ $ $ $ Budgeted Variable manufacturing $ $ $ $ Fixed Manufacturing overhead $ $ $ $ Budgeted Manufacturing overhead $ $ $ $

 

Paper#6018 | Written in 18-Jul-2015

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