MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a...
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Accounting
MCO Leather manufactures leather purses. Each purse requires pounds of direct materials at a cost of $ per pound and direct labor hour at a rate of $ per hour. Variable overhead is budgeted at a rate of $ per direct labor hour. Budgeted fixed overhead is $ per month. The company's policy is to end each month with direct materials inventory equal to of the next month's direct materials requirement. At the end of August the company had pounds of direct materials in inventory. The company's production budget reports the following. Prepare budgets for September and October for direct materials, direct labor, and factory overhead.
tableProduction Budget,September,October,NovemberUnits to produce,
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