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Requirement 2:
(a)	Prepare the company's direct materials budget. (Input all amounts as positive values. Omit the "$" sign in your response.)

Gaeber Industries Direct Materials Budget
	1^st Quarter		2^nd Quarter		3^rd Quarter		4^th Quarter		Year
Production needs		15,600		13,600		12,400		14,600		56,200
Add desired ending inventory		2,720		2,480		2,920		3,140		3,140
Total needs		18,320		16,080		15,320		17,740		59,340
Less beginning inventory		3,120		2,720		2,480		2,920		3,120
Raw materials to be purchased		15,200		13,360		12,840		14,820		56,220
Cost of raw materials to be purchased	$	60,800	$	53,440	$	51,360	$	59,280	$	224,880

Total grade: 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 = 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0%

Feedback:

	1^st Quarter	2^nd Quarter		3^rd Quarter			4^th Quarter		Year
Required production			7,800		6,800	6,200		7,300		28,100
Raw materials per unit			× 2		× 2	× 2		× 2		× 2
Production needs			15,600		13,600	12,400		14,600		56,200

Your response

Correct response

(b)	Prepare the schedule of expected cash disbursements for purchases of materials for the upcoming fiscal year. (Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

Gaeber Industries Schedule of Expected Cash Disbursements for Materials
	1^st Quarter		2^nd Quarter		3^rd Quarter		4^th Quarter		Year
Accounts payable, beginning balance	$	1 (0%)	$	1 (0%)	$	1 (0%)	$	1 (0%)	$	1 (0%)
1^st Quarter purchases		1 (0%)		1 (0%)		1 (0%)		1 (0%)		1 (0%)
2^nd Quarter purchases		1 (0%)		1 (0%)		1 (0%)		1 (0%)		1 (0%)
3^rd purchases		1 (0%)		1 (0%)		1 (0%)		1 (0%)		1 (0%)
4^th Quarter purchases		1 (0%)		1 (0%)		1 (0%)		1 (0%)		1 (0%)
Total cash disbursements for materials	$	1 (0%)	$	1 (0%)	$	1 (0%)	$	1 (0%)	$	1 (0%)

(b)		Prepare the schedule of expected cash disbursements for purchases of materials for the upcoming fiscal year. (Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

Gaeber Industries Schedule of Expected Cash Disbursements for Materials
	1^st Quarter		2^nd Quarter		3^rd Quarter		4^th Quarter		Year
Accounts payable, beginning balance	$	14,820	$	0	$	0	$	0	$	14,820
1^st Quarter purchases		45,600		15,200		0		0		60,800
2^nd Quarter purchases		0		40,080		13,360		0		53,440
3^rd purchases		0		0		38,520		12,840		51,360
4^th Quarter purchases		0		0		0		44,460		44,460
Total cash disbursements for materials	$	60,420	$	55,280	$	51,880	$	57,300	$	224,880

Total grade: 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 + 0.0×1/30 = 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0%

Question 12: Score 0/4

Your response

Correct response

Exercise 9-14 Direct Labor and Manufacturing Overhead Budgets [LO5, LO6]

The production department of Raredon Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year:

	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter
Units to be produced	12,000	14,000	13,000	11,000

Each unit requires 0.70 direct labor-hours, and direct labor-hour workers are paid $10.50 per hour.

In addition, the variable manufacturing overhead rate is $1.50 per direct labor-hour. The fixed manufacturing overhead is $80,000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $22,000 per quarter.

Requirement 1:

Prepare the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. (Omit the "$" sign in your response.)

Raredon Corporation Direct Labor Budget
	1st quarter		2nd quarter		3rd quarter		4th quarter		Year
Total direct labor-hours needed		1 (0%)		1 (0%)		1 (0%)		1 (0%)		1 (0%)
Total direct labor cost	$	1 (0%)	$	1 (0%)	$	1 (0%)	$	1 (0%)	$	1 (0%)

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