60.1K

Verified Solution

Link Copied!

Jacobsen, Inc. is planning to sell 200 buckets and produce 190 buckets during March. Each bucket requires 500 grams of plastic and one-half hour of direct labor. Plastic costs $10 per 500 grams and employees of the company are paid $15.00 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Jacobsen has 300 kilos of plastic in beginning inventory and wants to have 200 kilos in ending inventory. How much is the total amount of budgeted direct labor for March? Lester Production is planning to sell 600 boxes of ceramic tile, with production estimated at 580 2. boxes during May. Each box of tile requires 44 pounds of clay mix and a quarter hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $12.00 per hour Manufacturing overhead is applied at a rate of 110% of direct labor costs. Lester has 2,600 pounds of clay mix in beginning inventory and wants to have 3,000 pounds in ending inventory 1) What is the total amount to be budgeted for manufacturing overhead for the month? 2) What is the total amount to be budgeted for direct labor for the month? 3) What is the total amount to be budgeted in pounds for direct materials to be purchased for the month? 3. Haley Company estimates its sales at 100,000 units in the first quarter and that sales will increase by 10,000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $35.4 % of the sales are for cash, 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. 1) cash collections for the third quarter are budgeted how much? chandising Company expects to purchase $90,000 of materials in March and $105,000 of l. Three-quarters of all purchases are paid for in the month of purchase, and the other one- 4 Pierce Mer mater fourth are paid for in the month following the month of purchase. In addition, a 2% discount is payments made in the month of purchase. How much will April's cash disbursements for materials purchases be

Answer & Explanation Solved by verified expert

See Answer