Ans no.

2
Projected sales for the year
Total units to be produced
Estimated beginning inventory, January 1
Total units available
Desired ending inventory, December 31
Projected sales

Ans no.3 Calculation of materials budget for 2012

Budgeted production units (A)  
Material Required per unit (Yards) (B)
Total Material required (C) = A*B (Yards)
Add: Desired Ending material inventory
Less: Beginning Material inventory
Material to be purchased (Yards)
Price Per yard
Cost of Material to be purchased =

Ans no. 4
​
Sleep Tight, Inc.
Cost of Goods Sold Budget
For the Year Ending December 31
Finished goods inventory, January 1

Work in process inventory, January 1

 Direct materials:
     Direct materials, January 1
     Direct materials purchases
     Cost of direct materials available
     for use
     Direct materials inventory, December 31
     Cost of direct materials placed in production
Direct labor
Factory overhead
Total manufacturing costs

Total work in process during period

Work in process inventory, December 31

 Costs of good manufactured

Cost of finished goods available for sale

Finished goods inventory, December 31

Costs of goods sold

ANS NO.5
Production Hours required

Direct labour budget

 75,000 
   7,000 
82,000 
-12,000
 70,000 

55000
7
385000
30000
-31000
384000
$4
$1,536,000

$ 
39,000
 
$ 
33,000
 
$  27,000 
  575,000 
​$602,000 

  (21,000)
$581,000 
212,000 
  156,000 
 
949,00
0 
$982,0
00 
 
(35,00
0)
  
947,00
0 
 $986,
000 
 
(42,00
0)
$944,0
00 

78000 (52000*1.5hrs)

$975000 (78000*12.5/hr)