Reference no: EM13723040
Donnegal Company makes and sells artistic frames for pictures. The controller is responsible for preparing the master budget and has accumulated the following information for 2014. January February March April May
Estimated unit sales 10,300 11,200 8,700 8,700 8,200
Sales price per unit $50.7 $47.0 $47.0 $47.0 $47.0
Direct labor hours per unit 2.2 2.2 1.8 1.8 1.8
Wage per direct labor hour $7 $7 $7 $8 $8
Donnegal has a labor contract that calls for a wage increase to $8 per hour on April 1. New labor-saving machinery has been installed and will be fully operational by March 1. Donnegal expects to begin the year with 18,140 frames on hand and has a policy of carrying an end-of-month inventory of 100% of the following month’s sales, plus 70% of the second following month’s sales.
Prepare a production budget for Donnegal Company by month and for the first quarter of the year.
Prepare a direct labor budget for Donnegal Company by month and for the first quarter of the year. The direct labor budget should include direct labor hours.
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