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Matador inc sells computer monitor screens the direct labor

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Reference no: EM13376191

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: EM13376191

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