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(Solution Download) Donnegal Company makes and sells artistic frames for pictures. The controller is responsible for pre


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 sales10,10011,2008,4008,6008,300
Sales price per unit$50.1$47.7$47.7$47.7$47.7
Direct labor hours per unit2.32.31.51.51.5
Wage per direct labor hour$9$9$9$10$10

 


 

Donnegal has a labor contract that calls for a wage increase to $10

 

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 15,700 frames on hand and

 

has a policy of carrying an end-of-month inventory of 100% of the

 

following monthAc??cs sales, plus 50% of the second following monthAc??cs

 

sales.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepare a production budget for Donnegal Company by month and

 

for the first quarter of the year.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DONNEGAL COMPANY

 

Production Budget

 

For the Quarter Ending March 31, 2014

 

 

Jan

 

 

Feb

 

 

Mar

 

 

Total

 

 

Beginning

 

Direct MaterialsBeginning InventoryCost Per PoundDesired Ending

 

Direct MaterialsDesired Ending InventoryDirect Labor Hours Per

 

UnitDirect Materials PurchasesRequired Production UnitsRate Per

 

HourSales in UnitsTotal Cost of Direct Materials PurchasesTotal

 

Direct LaborTotal Hours NeededTotal Materials RequiredTotal

 

Needs

 

 

 

 

 

 

 

 

 

 

AddLess:

 

Beginning

 

Direct MaterialsBeginning InventoryCost Per PoundDesired Ending

 

Direct MaterialsDesired Ending InventoryDirect Labor Hours Per

 

UnitDirect Materials PurchasesRequired Production UnitsRate Per

 

HourSales in UnitsTotal Cost of Direct Materials PurchasesTotal

 

Direct LaborTotal Hours NeededTotal Materials RequiredTotal

 

Needs

 

 

 

 

 

 

 

 

 

 

Beginning

 

Direct MaterialsBeginning InventoryCost Per PoundDesired Ending

 

Direct MaterialsDesired Ending InventoryDirect Labor Hours Per

 

UnitDirect Materials PurchasesRequired Production UnitsRate Per

 

HourSales in UnitsTotal Cost of Direct Materials PurchasesTotal

 

Direct LaborTotal Hours NeededTotal Materials RequiredTotal

 

Needs

 

 

 

 

 

 

 

 

 

 

AddLess:

 

Beginning

 

Direct MaterialsBeginning InventoryCost Per PoundDesired Ending

 

Direct MaterialsDesired Ending InventoryDirect Labor Hours Per

 

UnitDirect Materials PurchasesRequired Production UnitsRate Per

 

HourSales in UnitsTotal Cost of Direct Materials PurchasesTotal

 

Direct LaborTotal Hours NeededTotal Materials RequiredTotal

 

Needs

 

 

 

 

 

 

 

 

 

 

Beginning

 

Direct MaterialsBeginning InventoryCost Per PoundDesired Ending

 

Direct MaterialsDesired Ending InventoryDirect Labor Hours Per

 

UnitDirect Materials PurchasesRequired Production UnitsRate Per

 

HourSales in UnitsTotal Cost of Direct Materials PurchasesTotal

 

Direct LaborTotal Hours NeededTotal Materials RequiredTotal

 

Needs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LINK TO TEXT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DONNEGAL COMPANY

 

Direct Labor Budget

 

For the Quarter Ending March 31, 2014

 

 

Jan

 

 

Feb

 

 

Mar

 

 

Total

 

 

Beginning

 

Direct MaterialsBeginning InventoryCost Per PoundDesired Ending

 

Direct MaterialsDesired Ending InventoryDirect Labor Hours Per

 

UnitDirect Materials PurchasesProduction in UnitsRate Per HourSales

 

in UnitsTotal Cost of Direct Materials PurchasesTotal Direct

 

LaborTotal Hours NeededTotal NeedsTotal Materials Required

 

 

 

 

 

 

 

 

Beginning

 

Direct MaterialsBeginning InventoryCost Per PoundDesired Ending

 

Direct MaterialsDesired Ending InventoryDirect Labor Hours Per

 

UnitDirect Materials PurchasesProduction in UnitsRate Per HourSales

 

in UnitsTotal Cost of Direct Materials PurchasesTotal Direct

 

LaborTotal Hours NeededTotal NeedsTotal Materials Required

 

 

 

 

 

 

 

 

Beginning

 

Direct MaterialsBeginning InventoryCost Per PoundDesired Ending

 

Direct MaterialsDesired Ending InventoryDirect Labor Hours Per

 

UnitDirect Materials PurchasesProduction in UnitsRate Per HourSales

 

in UnitsTotal Cost of Direct Materials PurchasesTotal Direct

 

LaborTotal Hours NeededTotal NeedsTotal Materials Required

 

 

 

 

 

 

 

 

Beginning

 

Direct MaterialsBeginning InventoryCost Per PoundDesired Ending

 

Direct MaterialsDesired Ending InventoryDirect Labor Hours Per

 

UnitDirect Materials PurchasesProduction in UnitsRate Per HourSales

 

in UnitsTotal Cost of Direct Materials PurchasesTotal Direct

 

LaborTotal Hours NeededTotal NeedsTotal Materials Required

 

 

$

 

 

$

 

 

$

 

 

Beginning

 

Direct MaterialsBeginning InventoryCost Per PoundDesired Ending

 

Direct MaterialsDesired Ending InventoryDirect Labor Hours Per

 

UnitDirect Materials PurchasesProduction in UnitsRate Per HourSales

 

in UnitsTotal Cost of Direct Materials PurchasesTotal Direct

 

LaborTotal Hours NeededTotal NeedsTotal Materials Required

 

 

$

 

 

$

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

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