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(Solution Download) Wesley Power Tools manufactures a wide variety of tools and accessories. One of its more popular ite


 

 

 

 

 

 

 

Wesley Power Tools manufactures a wide variety of tools and

 

accessories. One of its more popular items is a cordless power

 

handisaw. Use the following information about this product line to

 

complete the problem requirements. Each handisaw sells for $68.

 

Wesley expects the following unit sales:

 

 

     

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  January6,000
  February6,200
  March6,700
  April6,500
  May5,900

 

        

 

 

 

 

 

 

 

 

WesleyAc??cs ending finished goods inventory policy is 30 percent of

 

the next monthAc??cs sales.

 

 

 

 

 

 

 

 

 

       Suppose each handisaw

 

takes approximately .60 hours to manufacture, and Wesley pays an

 

average labor wage of $30 per hour.

 

 

 

 

 

 

 

 

 

       Each handisaw requires

 

a plastic housing that Wesley purchases from a supplier at a cost

 

of $7.00 each. The company has an ending raw materials inventory

 

policy of 20 percent of the following monthAc??cs production

 

requirements. Materials other than the housing unit total $4.50 per

 

handisaw.

 

 

 

 

 

 

 

 

 

       Manufacturing overhead

 

for this product includes $72,000 annual fixed overhead (based on

 

production of 27,000 units) and $1.20 per unit variable

 

manufacturing overhead. WesleyAc??cs selling expenses are 7 percent of

 

sales dollars, and administrative expenses are fixed at $18,000 per

 

month.

 

 

     

 

 

 

 

 

 

 

 

 

 

 

 

Required:

1.

 

Compute the following for the first quarter: (Round your

 

intermediate calculations for Direct Labor Budget to 2 decimal

 

places and other intermediate calculations to nearest whole

 

dollar.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

JanuaryFebruaryMarch1st Quarter total
Budgeted Sales Revenue$ 1,285,200
Budgeted Production in Units$19,050
Budgeted Cost of Raw Material Purchases$133,714
Budgeted Direct Labor Cost$342,900

 

 


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