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Question - The budget director of Royal Furniture Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected information concerning sales and production for February is summarized as follows:
a. Estimated sales of King and Prince chairs for February by sales territory:
Northern Domestic:
King
610 units at $780 per unit
Prince
750 units at $550 per unit
Southern Domestic:
340 units at $780 per unit
440 units at $550 per unit
International:
360 units at $850 per unit
290 units at $600 per unit
b. Estimated inventories at February 1:
Direct materials:
Fabric
420 sq. yds.
Wood
580 linear ft.
Filler
250 cu. ft.
Springs
660 units
Finished products:
90 units
25 units
c. Desired inventories at February 28:
390 sq. yds.
650 linear ft.
300 cu. ft.
540 units
80 units
35 units
d. Direct materials used in production:
In manufacture of King:
6.0 sq. yds. per unit of product
38 linear ft. per unit of product
4.2 cu. ft. per unit of product
16 units per unit of product
In manufacture of Prince:
4.0 sq. yds. per unit of product
26 linear ft. per unit of product
3.4 cu. ft. per unit of product
12 units per unit of product
e. Anticipated purchase price for direct materials:
$12.00
per sq. yd.
7.00
per linear ft.
$3.00
per cu. ft.
4.50
per unit
f. Direct labor requirements:
King:
Framing Department
1.2 hrs. at $12 per hr.
Cutting Department
0.5 hr. at $14 per hr.
Upholstery Department
0.8 hr. at $15 per hr.
Prince:
1.0 hr. at $12 per hr.
0.4 hr. at $14 per hr.
0.6 hr. at $15 per hr.
Required - Preparing a direct labor cost budget for February.
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