Specialties? manufactures, among other? things, woolen blankets for the athletic teams of the two lo
Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools.
Requirement 1. Prepare the following budgets.
The budgeted direct-cost inputs for each product in
20172017
are as follows:
|
Broncos Blanket |
Rams Blanket |
|||
|
Red wool fabric |
12 |
yards |
0 |
yards |
|
Black wool fabric |
0 |
13 |
||
|
Broncos logo patches |
1 |
0 |
||
|
Rams logo patches |
0 |
1 |
||
|
Direct manufacturing labor |
11 |
hours |
12 |
hours |
Unit data pertaining to the direct materials for March
20172017
are as follows:
|
Actual Beginning Direct Materials Inventory (3/1/2017) |
||||
|
Broncos Blanket |
Rams Blanket |
|||
|
Red wool fabric |
75 |
yards |
0 |
yards |
|
Black wool fabric |
0 |
55 |
||
|
Broncos logo patches |
85 |
0 |
||
|
Rams logo patches |
0 |
100 |
||
|
Target Ending Direct Materials Inventory (3/31/2017) |
||||
|
Broncos Blanket |
Rams Blanket |
|||
a. Prepare the revenues budget.
|
Revenues Budget |
|||
|
For the Month of March |
|||
|
Units |
Selling Price |
Total revenues |
|
|
Broncos Blankets |
210 |
$1,124 |
|
|
Rams Blankets |
230 |
1,215 |
|
|
Total |
|||
The company sews the blankets from fabric and sews on a logo patch purchased from the licensed logo store site. The teams are as follows:
times•
BroncosBroncos,
with red blankets and the
BroncosBroncos
logo
times•
RamsRams,
with black blankets and the
RamsRams
logo
Also, the black blankets are slightly larger than the red blankets.
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