Please answer this problem showing all the steps Problem 4 12 points Toys Inc produces stuffed toy animals Each one requires on average 02 direct labor hour The average cost of direct labor
Please answer this problem showing all the steps.
Problem 4 (12 points) Toys, Inc. produces stuffed toy animals. Each one requires on average 0.2 direct labor hour. The average cost of direct labor is $10.50 per hour. Their overhead rate is 50% of the direct labor cost. Toys has budgeted production for the next months as follows: Month October November December 50,000 Units 40,000 80,000 b. What is the overhead budget for October? (4 pts) c. If each unit requires $1.75 of direct material and the company keeps an ending finished goods inventory of 10,000 units, what is the ending finished goods inventory for November?