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Condor Corporation manufactures two different types of coils used in electric motors In the fall of the current year the controller compiled the following data

Condor Corporation manufactures two different types of coils used in electric motors. In the fall of the current year, the controller compiled the following data. • Sales forecast for 20x3 (all units to be shipped in 20x3):  • Raw- material prices and inventory levels:  •Use of raw material:  • Direct- labor requirements and rates:  • Finished- goods inventories (in units):  • Production overhead: Overhead Cost Item Activity- Based Budget Rate Purchasing and material handling.........$.50 per pound of sheet metal and copper wire purchased Depreciation, utilities, and inspection....$ 8.00 per coil produced (either type) Shipping.................................................$ 2.00 per coil shipped (either type) General production overhead............... $ 6.00 per direct- labor hour Required: Prepare the following budgets for 20x3. 1. Sales budget (in dollars). 2. Production budget (in units). 3. Raw material purchases budget (in quantities). 4. Raw material purchases budget (in dollars). 5. Direct- labor budget (in dollars). 6. Production- overhead budget (in dollars). (CPA,adapted)

May 22 2020 View more View Less

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