Calculate the total budgeted contribution margin

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Reference no: EM13164277

Matador Inc. sells computer monitor screens. The direct labor (DL) rate includes wages, benefits and payroll tax. Direct materials cost is $10 per unit. Beginning inventory is 10,000 screens and policy is to carry 50% of the following months projected sales in inventory. Data from the company is below.

Month Jan Feb Mar Apr

Estimated Sales in units 20,000 24,000 16,000 18,000

Sales Price/unit $80 $80 $75 $75

DL hours/unit 4 4 3.5 3.5

DL hourly rate $15 $15 $16 $16

a) Prepare the following budgets for the first quarter. Show your calculations.

1) Production Budget; 2) DL hours required; 3) Direct materials usage budget; 4) Revenue budget.

b) Calculate the total budgeted contribution margin for the first quarter. Show your calculations.

Reference no: EM13164277

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