Homework Answers
| 1 | ||
| ADDISON CO. | ||
| Direct Labor Budget | ||
| Second Quarter | ||
| Units to be produced | 2400 | units |
| Labor requirements per unit (hrs.) | 4 | hours per unit |
| Total labor hours needed | 9600 | hours |
| Labor rate (per hour) | 20 | per hr. |
| Budgeted direct labor cost | 192000 | |
| 2 | ||
| ADDISON CO. | ||
| Factory Overhead Budget | ||
| Second Quarter | ||
| Total labor hours needed | 9600 | |
| Variable factory overhead rate per DL hour | 11 | |
| Budgeted variable overhead | 105600 | |
| Budgeted fixed overhead | 450000 | |
| Budgeted total overhead | 555600 | |
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Addison Co. budgets production of 2,400 units during the second quarter. Other information is as follows:...
Addison Co. budgets production of 2.790 units during the second quarter. Other information is as follows:...
Addison Co. budgets production of 2.790 units during the second quarter. Other information is as follows: Each finished unit requires s direct labor hours, at a cost of $10 per hour. Direct labor Variable overhead Applied at the rate of $12 per direct labor hour. Budgeted at $580,000 per quarter Fixed overhead oed 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget. Dook Hint Complete this question by entering your answers in the tabs below. Ack Print...
Addison Co. budgets production of 2,850 units during the second quartel. UUTUU Direct labor Variable overhead Fixe...
Addison Co. budgets production of 2,850 units during the second quartel. UUTUU Direct labor Variable overhead Fixed overhead Each finished unit requires 6 direct labor hours, at a cost of $9 per hour. Applied at the rate of $11 per direct labor hour. Budgeted at $640,000 per quarter. 0.5 points 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget Complete this question by entering your answers in the tabs below. Print References Required 1 Required 2 Prepare...
Exercise 07-7 Manufacturing: Direct labor and factory overhead budgets LO P1 Addison Co. budgets production of...
Exercise 07-7 Manufacturing: Direct labor and factory overhead budgets LO P1 Addison Co. budgets production of 2,850 units during the second quarter. Other information is as follows: Direct labor Variable overhead Fixed overhead Each finished unit requires 6 direct labor hours, at a cost of $9 per hour. Applied at the rate of $11 per direct labor hour. Budgeted at $640,000 per quarter. 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget. Complete this question by entering...
Exercise 07-7 Manufacturing: Direct labor and factory overhead budgets LO P1 Addison Co budgets production of...
Exercise 07-7 Manufacturing: Direct labor and factory overhead budgets LO P1 Addison Co budgets production of 2.770 units during the second quarter. Other information is as follows: cost of $9 per hour. Direct labor Variable overhead Fixed overhead Each finished unit requires 4 direct labor hours at Applied at the rate of $11 per direct labor hour. Budgeted at $560,000 per quarter. 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget Complete this question by entering your...
Required information Ramos Co. provides the following sales forecast and production budget for the next four mont...
Required information Ramos Co. provides the following sales forecast and production budget for the next four months: July April May 670 June Sales (units) Budgeted production (units) 590 620 690 530 660 630 630 The company plans for finished goods inventory of 210 units at the end of June. In addition, each finished unit requires 5 pounds of direct materials and the company wants to end each month with direct materials inventory equal to 30 % of next month's production...
Check my work Required information Ramos Co. provides the following sales forecast and production budget for...
Check my work Required information Ramos Co. provides the following sales forecast and production budget for the next four months. Sales (units) Budgeted production (units) April 560 500 May 640 630 Dune 590 600 660 600 The company plans for finished goods inventory of 180 units at the end of June. In addition, each finished unit requires 6 pounds of direct materials and the company warſts to end each month with direct materials inventory equal to 25% of next month's...
Exercise 20-15 Manufacturing: Direct materials, direct labor, and overhead budgets LO P1 MCO Leather Goods manufactures...
Exercise 20-15 Manufacturing: Direct materials, direct labor, and overhead budgets LO P1 MCO Leather Goods manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $5 per pound and 0.7 direct labor hours at a rate of $13 per hour. Variable manufacturing overhead is charged at a rate of $3 per direct labor hour. Fixed manufacturing overhead is $18,000 per month. The company's policy is to end each month with direct materials inventory equal to...
Check my work 2 Exercise 20-15 Manufacturing: Direct materials, direct labor, and overhead budgets LO P1...
Check my work 2 Exercise 20-15 Manufacturing: Direct materials, direct labor, and overhead budgets LO P1 10 points MCO Leather manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost of $4 per pound and 0.7 direct labor hours at a rate of $15 per hour. Variable manufacturing overhead is charged at a rate of $2 per direct labor hour. Fixed manufacturing overhead is $14,000 per month. The company's policy is to end each month with...
The company plans for finished goods inventory of 220 units at the end of June. In...
The company plans for finished goods inventory of 220 units at
the end of June. In addition, each finished unit requires 5 pounds
of direct materials and the company wants to end each month with
direct materials inventory equal to 20% of next month’s production
needs. Beginning direct materials inventory for April was 540
pounds. Direct materials cost $2 per pound. Each finished unit
requires 0.60 hours of direct labor at the rate of $12 per hour.
The company budgets...
nu Manjulacturing Overhead Budgets (L02] The Bakery Department of Culbert Dessert Corporation has submitted the following...
nu Manjulacturing Overhead Budgets (L02] The Bakery Department of Culbert Dessert Corporation has submitted the following forecast of fruit pies to be produced by quarter for the upcoming fiscal year. Units to be produced First Quarter 9,800 Second Quarter 12,800 Third Quarter 10,800 Fourth Quarter 14,800 Each unit requires 0.50 direct labour-hours, and direct labour-hour workers are paid $9.00 per hour. In addition, the variable manufacturing overhead rate is $1.50 per direct labour-hour. The fixed manufacturing overhead is $27.500 per...
Addison Co. budgets production of 2.790 units during the second quarter. Other information is as follows: Each finished unit requires s direct labor hours, at a cost of $10 per hour. Direct labor Variable overhead Applied at the rate of $12 per direct labor hour. Budgeted at $580,000 per quarter Fixed overhead oed 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget. Dook Hint Complete this question by entering your answers in the tabs below. Ack Print...
Addison Co. budgets production of 2,850 units during the second quartel. UUTUU Direct labor Variable overhead Fixed overhead Each finished unit requires 6 direct labor hours, at a cost of $9 per hour. Applied at the rate of $11 per direct labor hour. Budgeted at $640,000 per quarter. 0.5 points 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget Complete this question by entering your answers in the tabs below. Print References Required 1 Required 2 Prepare...
Exercise 07-7 Manufacturing: Direct labor and factory overhead budgets LO P1 Addison Co. budgets production of 2,850 units during the second quarter. Other information is as follows: Direct labor Variable overhead Fixed overhead Each finished unit requires 6 direct labor hours, at a cost of $9 per hour. Applied at the rate of $11 per direct labor hour. Budgeted at $640,000 per quarter. 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget. Complete this question by entering...
Exercise 07-7 Manufacturing: Direct labor and factory overhead budgets LO P1 Addison Co budgets production of 2.770 units during the second quarter. Other information is as follows: cost of $9 per hour. Direct labor Variable overhead Fixed overhead Each finished unit requires 4 direct labor hours at Applied at the rate of $11 per direct labor hour. Budgeted at $560,000 per quarter. 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget Complete this question by entering your...
Required information Ramos Co. provides the following sales forecast and production budget for the next four months: July April May 670 June Sales (units) Budgeted production (units) 590 620 690 530 660 630 630 The company plans for finished goods inventory of 210 units at the end of June. In addition, each finished unit requires 5 pounds of direct materials and the company wants to end each month with direct materials inventory equal to 30 % of next month's production...
Check my work Required information Ramos Co. provides the following sales forecast and production budget for the next four months. Sales (units) Budgeted production (units) April 560 500 May 640 630 Dune 590 600 660 600 The company plans for finished goods inventory of 180 units at the end of June. In addition, each finished unit requires 6 pounds of direct materials and the company warſts to end each month with direct materials inventory equal to 25% of next month's...
Exercise 20-15 Manufacturing: Direct materials, direct labor, and overhead budgets LO P1 MCO Leather Goods manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $5 per pound and 0.7 direct labor hours at a rate of $13 per hour. Variable manufacturing overhead is charged at a rate of $3 per direct labor hour. Fixed manufacturing overhead is $18,000 per month. The company's policy is to end each month with direct materials inventory equal to...
Check my work 2 Exercise 20-15 Manufacturing: Direct materials, direct labor, and overhead budgets LO P1 10 points MCO Leather manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost of $4 per pound and 0.7 direct labor hours at a rate of $15 per hour. Variable manufacturing overhead is charged at a rate of $2 per direct labor hour. Fixed manufacturing overhead is $14,000 per month. The company's policy is to end each month with...
The company plans for finished goods inventory of 220 units at
the end of June. In addition, each finished unit requires 5 pounds
of direct materials and the company wants to end each month with
direct materials inventory equal to 20% of next month’s production
needs. Beginning direct materials inventory for April was 540
pounds. Direct materials cost $2 per pound. Each finished unit
requires 0.60 hours of direct labor at the rate of $12 per hour.
The company budgets...
nu Manjulacturing Overhead Budgets (L02] The Bakery Department of Culbert Dessert Corporation has submitted the following forecast of fruit pies to be produced by quarter for the upcoming fiscal year. Units to be produced First Quarter 9,800 Second Quarter 12,800 Third Quarter 10,800 Fourth Quarter 14,800 Each unit requires 0.50 direct labour-hours, and direct labour-hour workers are paid $9.00 per hour. In addition, the variable manufacturing overhead rate is $1.50 per direct labour-hour. The fixed manufacturing overhead is $27.500 per...
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