QUESTION 1 Cost Budget Hubert Products produces a product with the following sta

Question

QUESTION 1 Cost Budget Hubert Products produces a product with the following standard costs: Unit Costs: Direct materials: Wood: 11 square feet at $28 $308 Hardware kits (screws, etc) 18 $ 326 Direct labor 0.5 hours at $42 per hour 21 Variable overhead, per unit 13 Total variable costs per unit $ 360 Fixed costs per month (rent, utilities, supervision) $75,000 Management plans to produce 9,000 units in April 2017. Prepared a manufacturing cost budget for April 2017.

Hubert Products Manufacturing Cost Budget From the Month of April 2017 Direct materials Wood $Answer 0 Hardware kits Answer 0 $Answer 0 Direct labor Answer 0 Variable overhead Answer 0 Fixed manufacturing overhead Answer 0 Total manufacturing costs $Answer 0

Explanation / Answer

the following is the manufacturing cost budget for the month of April 2017

Direct materials Wood ($308 * 9000) $2,772,000 Hardware kits ($18 * 9000) 162,000 $2,934,000 direct labour ($21 * 9,000) $189,000 variable overhead ($13 * 9,000) $117,000 fixed manufacturing overhead $75,000 Total manufacturing costs $3,315,000

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