Homework Answers
| Budgeted production | 1100 |
| Labor hours per unit | 4 |
| Total labor hours needed | 4400 |
| Labor Rate per hour | 15 |
| Budgeted direct labor cost | 66,000 |
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Tora Co plans to produce 1,100 units in July. Each unit requires four hours of direct...
Tora Co plans to produce 1,070 units in July. Each unit requires three hours of direct...
Tora Co plans to produce 1,070 units in July. Each unit requires three hours of direct labor. The direct labor rate is $20 per hour. Prepare a direct labor budget for July TORA CO. Direct Labor Budget For Month Ended July 31 Budget production (units) 1,070 units Total labor hours needed Budgeted direct labor cost
Each unit requires 4 pounds of direct materials, which cost $5 per pound. The company's policy...
Each unit requires 4 pounds of direct materials, which cost $5 per pound. The company's policy is to maintain direct materials inventory equal to 40% of the next month's direct materials requirement. As of June 30, the company has 7,520 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July. MIAMI SOLAR Direct Materials Budget 4,700 4 For Month Ended July 31 Budget production (units) Materials requirements per unit Materials needed for...
For July, White Corporation has budgeted production of 6,000 units. Each unit requires 0.10 direct labor-hours...
For July, White Corporation has budgeted production of 6,000 units. Each unit requires 0.10 direct labor-hours at a cost of $8.50 per direct labor-hour. How much will White Corporation budget for labor in July $51,000 $5,160 $600 $5,100
For July, White Corporation has budgeted production of 7,900 units. Each unit requires 0.40 direct labor-hours...
For July, White Corporation has budgeted production of 7,900 units. Each unit requires 0.40 direct labor-hours at a cost of $5.10 per direct labor-hour. How much will White Corporation budget for labor in July? $40,290 $17,380 $3,160 $16,116 O
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...
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...
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...
of 4,400 units (solar panels) in July and 6.000 units in August inventory equal to 30%...
of 4,400 units (solar panels) in July and 6.000 units in August inventory equal to 30% of the next month's direct materials requirement As of June 30, the company has 2,640 pounds of direct al use. The company budgets production of 4,400 units (solar panels) in July and 6,000 units in August Each unit requires 4 hours of direct labor at a rate of $18 per hour Prepare a direct labor budget for July Direct Labor Budget Required information manufactures...
Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,800 units (solar...
Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,800 units (solar panels) in July and 5,400 units in August Each unit requires 4 pounds of direct materials, which cost $7 per pound. The company's policy is to maintain direct materials inventory equal to 30 % of the next month's direct materials requirement. As of June 30, the company has 6,960 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials...
Yosko Company expects to produce 1,990 units in January and 1,957 units in February. Yosko budgets six direct labor hou...
Yosko Company expects to produce 1,990 units in January and 1,957 units in February. Yosko budgets six direct labor hours per unit. Direct labor costs average $15 per hour. Prepare Yosko's direct labor budget for January and February Begin by preparing the direct labor budget for January and February through the total direct labor hours needed for production line and then complete the budget by calculating the budgeted direct labor cost. Yosko Company Direct Labor Budget Two Months Ended January...
Tora Co plans to produce 1,070 units in July. Each unit requires three hours of direct labor. The direct labor rate is $20 per hour. Prepare a direct labor budget for July TORA CO. Direct Labor Budget For Month Ended July 31 Budget production (units) 1,070 units Total labor hours needed Budgeted direct labor cost
Each unit requires 4 pounds of direct materials, which cost $5 per pound. The company's policy is to maintain direct materials inventory equal to 40% of the next month's direct materials requirement. As of June 30, the company has 7,520 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July. MIAMI SOLAR Direct Materials Budget 4,700 4 For Month Ended July 31 Budget production (units) Materials requirements per unit Materials needed for...
For July, White Corporation has budgeted production of 7,900 units. Each unit requires 0.40 direct labor-hours at a cost of $5.10 per direct labor-hour. How much will White Corporation budget for labor in July? $40,290 $17,380 $3,160 $16,116 O
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...
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...
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...
of 4,400 units (solar panels) in July and 6.000 units in August inventory equal to 30% of the next month's direct materials requirement As of June 30, the company has 2,640 pounds of direct al use. The company budgets production of 4,400 units (solar panels) in July and 6,000 units in August Each unit requires 4 hours of direct labor at a rate of $18 per hour Prepare a direct labor budget for July Direct Labor Budget Required information manufactures...
Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,800 units (solar panels) in July and 5,400 units in August Each unit requires 4 pounds of direct materials, which cost $7 per pound. The company's policy is to maintain direct materials inventory equal to 30 % of the next month's direct materials requirement. As of June 30, the company has 6,960 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials...
Yosko Company expects to produce 1,990 units in January and 1,957 units in February. Yosko budgets six direct labor hours per unit. Direct labor costs average $15 per hour. Prepare Yosko's direct labor budget for January and February Begin by preparing the direct labor budget for January and February through the total direct labor hours needed for production line and then complete the budget by calculating the budgeted direct labor cost. Yosko Company Direct Labor Budget Two Months Ended January...
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