The budget director of Belington Furniture Company requests…

/in /by

Question Answered step-by-step The budget director of Belington Furniture Company requests… The budget director of Belington 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 March is summarized as follows:1. Estimated sales of Grace and Albert chairs for March by sales territory:Eastern Domestic: Grace7,500 units at $800/unitAlbert6,000 units at $650/unitWestern Domestic: Grace6,000 units at $700/unitAlbert5,000 units at $550/unitInternational: Grace2,500 units at $600/unitAlbert1,000 units at $350/unit 2. Estimated inventories at March 1:Direct Materials: Fabric5,500 sq. yds.Wood13,700 lineal ft.Filler3,800 cu. ft.Springs3,500 unitsFinished Products: Grace1,500 unitsAlbert300 units 3. Desired inventories at March 31:Direct Materials: Fabric9,000 sq. yds.Wood20,000 lineal ft.Filler5,000 cu. ft.Springs7,500 unitsFinished Products: Grace2,000 unitsAlbert900 units 4. Direct Materials used in production:In Manufacture of Grace Fabric4.0 sq. yds. per unit of productWood16 lineal ft. per unit of productFiller3.8 cu. ft. per unit of productSprings14 units per unit of productIn Manufacture of Albert Fabric2.5 sq. yds. per unit of productWood12 lineal ft. per unit of productFiller3.2 cu. ft. per unit of productSprings10 units per unit of product 5. Anticipated purchase price for direct materials:Fabric$9.00 per sq. yd.Wood$5.00 per lineal ft.Filler$1.50 per cu. ft.Springs$2.00 per unit 6. Direct Labor requirements:Grace: Framing Dept2.5 hrs. at $15/hr.Cutting Dept1.0 hr. at $12/hr.Upholstery Dept3. hrs. at $16/hr.Albert: Framing Dept1.5 hrs. at $15/hr.Cutting Dept0.5 hr. at $12/hr.Upholstery Dept2.0 hrs. at $16/hr. Questions:1. Show a sales budget for March.2. Show a production budget for March.3. Show a direct materials purchases budget for March.4. Show a direct labor cost budget for March. Note: Please show computation so I can review it. Accounting Business Financial Accounting ACCOUNTING ACC530 Share QuestionEmailCopy link Comments (0)