Question - Production and related schedules

Goldstein Inc. manufactures and sells plastic boxes and trays. Sales are projected to be evenly spread over the annual period. Estimated product sales and material needs for each unit of product follow.

                                           Boxes                  Trays

Annual Sales                    42,000             30,000

Material A                        2.0 Pounds       1.0pounds

Material B                        1.5 pounds       0.8 pounds

Direct Labor                     0.3 hours         0.2 hour

 Overhead is applied at a rate of $1.60 per direct labor hour.

                                  Expected Beginning Inventories           Desired Ending Inventories

Material A                          1,780 pounds                                     1,500 pounds

Material B                          5,000 pounds                                     1,400 pounds

Boxes                                 1,200 units                                          1,800 units

Trays                                  800 units                                             650 units

Material A costs $0.05 per pound, and Material B costs $0.07 per pound.

a. Production schedule by product and in total

b. Purchases budget in units by raw material, in total, and in dollars

c. Direct Labor budget in hours by product, in total, and in dollars. The average direct labor wage rate is $9.50 per hour

d. Overhead to be charged to production by product and in total