Homework Answers
| Direct Labor Budget | |||||
| Particulars | Amount | ||||
| Total D.L hours req | (3000 units x 2 hrs) | 6000 | hrs | ||
| Rate per hour | $ 10.00 | ||||
| Direct Labor cost | $ 60,000.00 | ||||
| Manufacturing OH Budget | ||||
| Particulars | Amount | |||
| Indirect materials | (6000 hrs x $ 1) | $ 6,000.00 | ||
| Indirect labor | (6000 hrs x $ 1.4) | $ 8,400.00 | ||
| Utilities | (6000 hrs x $ 0.4) | $ 2,400.00 | ||
| Maintenance | (6000 hrs x $ 0.2) | $ 1,200.00 | ||
| $ 18,000.00 | ||||
| Selling & Adm. OH budget | ||||
| Particulars | Amount | |||
| Sales commission | (3000 units x $ 3) | $ 9,000.00 | ||
| Freight out | (3000 units x $ 1) | $ 3,000.00 | ||
| $ 12,000.00 | ||||
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Part B2: Hayes Company Continued O At Hayes, 2 hours of direct labor are required to...
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materials and direct labor) and one indirect-cost pool (assembly support). Direct labor-hours is the allocation base for assembly support costs. In December 2016, Anderson budgets 2017 assembly-support costs to be $8,300,000 and 2017 direct labor-hours to be 166.000. At the end of 2017, Anderson is comparing the costs of several jobs that were started and completed in 2017 (Click the icon to view the data) Read the requirements Requirement 1. Compute the (a) budgeted indirect.cost rate and (b) actual indirect.cost...
PLEASE HELP! The master budget must be completed using formulas. there must be a sales budget,...
PLEASE HELP! The master budget must be completed using formulas.
there must be a sales budget, production budget, Direct Materials
budget, Direct labor budget, manufacturing overhead budget, selling
and admin budget, budgeted income statement, Schedule of exp
collections, sch of exp payments, sch of exp payments DM, cash
budget, and budgeted balance sheet. please include the formulas you
used.
Purpose: The purpose of this project is to help you practice and reinforce the steps necessary to complete a Master Budget,...
39. Budgeting for Sales, Production, Direct Materials, Direct Labor, and Manufacturing Overhead. ...
NEED ANSWER OF THE " F " PART ONLY!
39. Budgeting for Sales, Production, Direct Materials, Direct Labor, and Manufacturing Overhead. Sports Bars Inc., produces energy bars and sells them by the case (1 unit - 1 case). Information to be used for the operating budget this coming year follows: Average sales price for each case is estimated to be $25. Unit sales for this coming year, ending December 31, are expected to be as follows First quarter 80,ooo Second...
Gulf Corporation manufactures and sells a seasonal product that has peak sales in the third quarter of the fiscal year. The following information concerns operations for Year 2017 and for the firs...
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9. Direct labor hours are used as the allocation basis for indirect costs per quarter. A total am...
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Prepare a production budget and a direct manufacturing labor cost budget for PetersonPeterson Company by month...
Prepare a production budget and a direct manufacturing labor cost budget for PetersonPeterson Company by month and for the first quarter of 20182018. You may combine both budgets in one schedule. The direct manufacturing labor cost budget should include labor-hours and show the details for each labor cost category. Start the schedule by preparing the production budget and calculating the total hours of direct manufacturing labor time needed for the three months in the quarter, then calculate the values for...
Direct material = $7 Direct Labor = $4 Variable Manufacturing Overhead = $2 Fixed Manufacturing Overhead...
Direct material = $7 Direct Labor = $4 Variable Manufacturing Overhead = $2 Fixed Manufacturing Overhead = $3 Fixed Selling Expense = $3 Fixed Admin Expense = $2 Sales commission = $1 Variable Admin Expense $.50 If 8,000 units are produced, what is the average fixed manufacturing cost per unit produced?
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Yogi Company expects to produce 2,080 units in January that will require 10,400 hours of direct...
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materials and direct labor) and one indirect-cost pool (assembly support). Direct labor-hours is the allocation base for assembly support costs. In December 2016, Anderson budgets 2017 assembly-support costs to be $8,300,000 and 2017 direct labor-hours to be 166.000. At the end of 2017, Anderson is comparing the costs of several jobs that were started and completed in 2017 (Click the icon to view the data) Read the requirements Requirement 1. Compute the (a) budgeted indirect.cost rate and (b) actual indirect.cost...
PLEASE HELP! The master budget must be completed using formulas.
there must be a sales budget, production budget, Direct Materials
budget, Direct labor budget, manufacturing overhead budget, selling
and admin budget, budgeted income statement, Schedule of exp
collections, sch of exp payments, sch of exp payments DM, cash
budget, and budgeted balance sheet. please include the formulas you
used.
Purpose: The purpose of this project is to help you practice and reinforce the steps necessary to complete a Master Budget,...
NEED ANSWER OF THE " F " PART ONLY!
39. Budgeting for Sales, Production, Direct Materials, Direct Labor, and Manufacturing Overhead. Sports Bars Inc., produces energy bars and sells them by the case (1 unit - 1 case). Information to be used for the operating budget this coming year follows: Average sales price for each case is estimated to be $25. Unit sales for this coming year, ending December 31, are expected to be as follows First quarter 80,ooo Second...
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