Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!







ACCT 5131 Collected Homework Assignment 4

ACCT 5131

Collected Homework Assignment #4

See the Course Schedule in the syllabus for the due date.  Put your answer underneath each question.  You may either type your answers in a Word file or write them neatly.  However, to receive credit, your work must be easy to follow and your writing must be readable. 

Assignment

Style Pants Company manufactures dress pants and jeans.  Dress pants and jeans are assembled by a variety of sewing operations.  Assume that the sales budget for dress pants and jeans shows estimated sales of 23,600 and 53,100 units, respectively, for May 2020.  The finished goods inventories are assumed as follows:

Dress

Pants

Jeans

May 1 estimated inventory

670

1,660

May 31 desired inventory

420

1,860

Assume the following direct labor data per 10 pairs of dress pants or jeans for four different sewing operations:

Direct labor per 10 units

Dress

Pants

Jeans

Inseam

18 minutes

9 minutes

Outerseam

20 minutes

14 minutes

Pockets

6 minutes

9 minutes

Zipper

12 minutes

6 minutes

Total

56 minutes

38 minutes

Requirements:

  1. Prepare a production budget for May 2020.  Prepare the budget in two columns: Dress Pants and Jeans.

Dress pants

Jeans

Estimated sales

23,600

53,100

Desired inventory (May 31)

420

1,860

Total

24,020

54,960

Beginning inventory estimated

670(-)

1,660(-)

Total to produce

23,350

53,300

  1. Prepare the May 2020 direct labor cost budget for the four sewing operations, assuming a $13 wage per hour for inseam and outerseam sewing operations and a $15 wage rate per hour for the pocket and zipper operations. Prepare the direct labor cost budget for May 2020.

Inseam

Outer seam

Pockets

Zipper

HRS for production

Dress pants

(23,350 x # of min/60 min x10pairs)

701

778

234

467

Jeans

(53,300 x # of min/60 min x 10 pairs)

800

1,244

800

533

Total

1,501

2,022

1,033

1,000

Labor cost per HR

13

13

15

15

Total direct

19,500

26,286

15,495

15,000

  1. Assume that the selling prices for dress pants and jeans are $50 and $30, respectively. Prepare a revenues budget for May 2020 in the format of Schedule 1 on page 491 of the Datar and Rajan textbook.

                 Revenues

Budgets

Units

Selling price

Total revenues

Dress pants

23,350

$50

$1,167,500

Jeans

53,300

$30

$1,599,000

Total

$2,766,500

Want latest solution of this assignment
AssignmentHippo Features
  • On Time Delivery

    Our motto is deliver assignment on Time. Our Expert writers deliver quality assignments to the students.

  • Plagiarism Free Work

    Get reliable and unique assignments by using our 100% plagiarism-free services.

  • 24 X 7 Live Help

    The experienced team of AssignmentHippo has got your back 24*7. Get connected with our Live Chat support executives to receive instant solutions for your assignment problems.

  • Services For All Subjects

    We can build quality assignments in the subjects you're passionate about. Be it Programming, Engineering, Accounting, Finance and Literature or Law and Marketing we have an expert writer for all.

  • Best Price Guarantee

    Get premium service at a pocket-friendly rate. At AssignmentHippo, we understand the tight budget of students and thus offer our services at highly affordable prices.

Tap to Chat
Get instant assignment help