# 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
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