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Determine a manufacturing overheads budget

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Reference no: EM132561407

Sprint Corporation has submitted the following budgeted production units for the upcoming fiscal year.

                                         1st Quarter                      2nd Quarter                      3rd Quarter                4th Quarter

Budgeted Production Units           3,000                               4,000                            2,000                     5,000

  • The beginning raw materials inventory for the 1st Quarter is budgeted to be 2,000 pounds. Each unit requires 40 pounds of raw material that costs $ 2.5 per pound. Management desires to end each quarter with a raw materials inventory equal to 10% of the following quarter's production needs. The desired ending inventory for the 4th Quarter is 2,500 pounds
  • Each unit requires 0.20 direct labor-hours and direct labor-hour workers are paid $ 12 per hour.
  • The variable manufacturing overhead rate is $ 5 per direct labor-hour. The fixed manufacturing overhead is $ 30,000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $ 5,000 per quarter.

Requirement:

Question a. A Direct Materials Budget.

Question b. A Direct Labor Budget.

Question c. A Manufacturing Overheads Budget

Reference no: EM132561407

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