Ornamental Sculptures Mfg. manufactures garden sculptures. Each sculpture requires 7 pounds of direct materials at a cost of $2 per pound and 0.4 direct labor hours at a rate of $16 per hour. Variable manufacturing overhead is charged at a rate of $4 per direct labor hour. Fixed manufacturing overhead is $3,400 per month. The company’s policy is to maintain direct materials inventory equal to 20% of the next month’s materials requirement. At the end of February the company had 5,180 pounds of direct materials in inventory. The company’s production budget reports the following. Production Budget March April MayUnits to be produced 3,400 5,400 5,200Prepare direct materials budgets for March and April. Prepare direct labor budgets for March and April. (Enter all "per unit" amounts to 2 decimal places.)Prepare factory overhead budgets for March and April.
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Ornamental Sculptures Mfg. manufactures garden sculptures. Each sculpture requires 7 pounds of direc...
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