Homework Answers
| Direct Labor Cost Budget | |
| Budgeted production | 238,900 |
| Direct labor hours required per unit (238,900*6 / 60) | 23,890 |
| Direct labor rate per hour | $12 |
| Direct labor cost | $286,680 |
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OBJ.4 EE 6-4 p.22 PE 6-4A Direct labor cost budget MyLife Chronicles Inc. budgeted production of...
OBJ. 4 Cost of goods sold budget PE 6-5A EE 6-5 p. 243 Prepare a cost...
OBJ. 4 Cost of goods sold budget PE 6-5A EE 6-5 p. 243 Prepare a cost of goods sold budget for MyLife Chronicles Inc. using the information in Practice Exercises 6-3A and 6-4A. Assume the estimated inventories on Januanu 2016, for finished goods and work in process were $25,000 and $19,000, respectively Also assume the desired inventories on December 31, 2016, for finished goods and work in process were $31,500 and $16,700, respectively. Factory overhead was budgeted at $197,100. Direct...
EE 6-3 p.240 PE 6-3A Direct materials purchases budget OBJ. 4 MyLife Chronicles Inc. budgeted production...
EE 6-3 p.240 PE 6-3A Direct materials purchases budget OBJ. 4 MyLife Chronicles Inc. budgeted production of 238.900 diaries in 2016. Paper is required to produce a diary. Assume five square yards of paper are required for each diary. The estimated January 1, 2016, paper inventory is 32,400 square yards. The desired December 31, 2016, paper inventory is 30,800 square yards. If paper costs $0.30 per square yard, determine the direct materials purchases budget for 2016.
r6 Budgeting PE 6-4A MyLife Chronicles Inc. budgeted production of 238,900 diaries in 2016. Each di01...
r6 Budgeting PE 6-4A MyLife Chronicles Inc. budgeted production of 238,900 diaries in 2016. Each di01 assembly. Assume that six minutes are required to assemble each diary.uin Direct labor cost budget f assembly laber 64 p242 costs $12.00 per hour, determine the direct labor cost budget for 2016. 081.4 Magnolia Candle Inc. budgeted production of 74,200 candles in 2016. Each candle molding. Assume that 12 minutes are required to mold each candle. If moldnrq $14.00 per hour, determine the direct...
Production budget PE 6-2A EE 6-2 a 238 OBJ. 4 MyLife Chronicles Inc. projected sales of...
Production budget PE 6-2A EE 6-2 a 238 OBJ. 4 MyLife Chronicles Inc. projected sales of 240,000 diaries for 2016. The estimated January 1, 2016, inventory is 19,900 units, and the desired December 31, 2016, inventory is 18,800 units. What is the budgeted production (in units) for 2016?
256 Chapter 6 Budgeting MyLife Chronicles Inc. badgeted production of 238,900 diaries in 2016. Each dOn1....
256 Chapter 6 Budgeting MyLife Chronicles Inc. badgeted production of 238,900 diaries in 2016. Each dOn1. assembly, Assume that six minutes are required to assemble each diary. If as costs $1200 per hour, determine the direct labor cost budget for 2016. PE 6-4A Direct labor cost budget EEG4 Magnolia Candle Inc. budgeted production of 74,200 candles in 2016. Each molding. Assume that 12 minutes are required to mold each candle, if Total sell administras Direct labor cost budget PE 6-48...
actice Exercises EE6-1 235 PE 6-1A Flexible budgeting At the beginning of the period, the Assembly...
actice Exercises EE6-1 235 PE 6-1A Flexible budgeting At the beginning of the period, the Assembly Department budgeted direct labor of $12.000 and property tax of $12,000 for 7,000 hours of production. The department actually com- pleted 7,500 hours of production. that it uses flexible budgeting. OBJ. 2 Determine the budget for the department, assuming EE6-1 p 235 PE61B Flexible budgeting OBJ. 2 At the beginning of the period, the Fabricating Department budgeted direct labor of $9,280 and equipment depreciation...
13: 9781285868806 pactice Exercises EE61 p 235 PE6-1A Flexible budgeting At the beginning of the period,...
13: 9781285868806
pactice Exercises EE61 p 235 PE6-1A Flexible budgeting At the beginning of the period, the Assembly Department budgeted direct labor and property tax of $12,000 for 7,000 hours of production. The department pleted 7,500 hours of production. Determine the budget for the department, ass that it uses flexible budgeting. OBJ, 2 of $112,000 actually com- uming EE61 p25 PE6-1B Flexible budgeting At the beginning of the period, the Fabricating Department budgeted $9,280 and equipment depreciation of $2,300 for...
Stevenson Publishers Inc. budgeted production of 33,000 diaries in 2016. Each diary requires assembly. Assume that...
Stevenson Publishers Inc. budgeted production of 33,000 diaries in 2016. Each diary requires assembly. Assume that 15 minutes are required to assemble each diary. If assembly labor costs $10.5 per hour, determine the direct labor cost budget for 2016. Do not round your intermediate calculations but, if required, round your final answer to the nearest dollar.
Grewett Publishers Inc. budgeted production of 54,000 diaries in 2016. Each diary requires assembly. Assume that...
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Direct Labor Cost Budget Daybook Inc, budgeted production of 403,500 personal journals in 2016. Each journal...
Direct Labor Cost Budget Daybook Inc, budgeted production of 403,500 personal journals in 2016. Each journal requires assembly. Assume that eight minutes are required to assemble each journal If assembly labor costs $13.00 per hour, determine the direct labor cost budget for 2016. Round your interim calculations to nearest cent, if required.
OBJ. 4 Cost of goods sold budget PE 6-5A EE 6-5 p. 243 Prepare a cost of goods sold budget for MyLife Chronicles Inc. using the information in Practice Exercises 6-3A and 6-4A. Assume the estimated inventories on Januanu 2016, for finished goods and work in process were $25,000 and $19,000, respectively Also assume the desired inventories on December 31, 2016, for finished goods and work in process were $31,500 and $16,700, respectively. Factory overhead was budgeted at $197,100. Direct...
EE 6-3 p.240 PE 6-3A Direct materials purchases budget OBJ. 4 MyLife Chronicles Inc. budgeted production of 238.900 diaries in 2016. Paper is required to produce a diary. Assume five square yards of paper are required for each diary. The estimated January 1, 2016, paper inventory is 32,400 square yards. The desired December 31, 2016, paper inventory is 30,800 square yards. If paper costs $0.30 per square yard, determine the direct materials purchases budget for 2016.
r6 Budgeting PE 6-4A MyLife Chronicles Inc. budgeted production of 238,900 diaries in 2016. Each di01 assembly. Assume that six minutes are required to assemble each diary.uin Direct labor cost budget f assembly laber 64 p242 costs $12.00 per hour, determine the direct labor cost budget for 2016. 081.4 Magnolia Candle Inc. budgeted production of 74,200 candles in 2016. Each candle molding. Assume that 12 minutes are required to mold each candle. If moldnrq $14.00 per hour, determine the direct...
Production budget PE 6-2A EE 6-2 a 238 OBJ. 4 MyLife Chronicles Inc. projected sales of 240,000 diaries for 2016. The estimated January 1, 2016, inventory is 19,900 units, and the desired December 31, 2016, inventory is 18,800 units. What is the budgeted production (in units) for 2016?
256 Chapter 6 Budgeting MyLife Chronicles Inc. badgeted production of 238,900 diaries in 2016. Each dOn1. assembly, Assume that six minutes are required to assemble each diary. If as costs $1200 per hour, determine the direct labor cost budget for 2016. PE 6-4A Direct labor cost budget EEG4 Magnolia Candle Inc. budgeted production of 74,200 candles in 2016. Each molding. Assume that 12 minutes are required to mold each candle, if Total sell administras Direct labor cost budget PE 6-48...
actice Exercises EE6-1 235 PE 6-1A Flexible budgeting At the beginning of the period, the Assembly Department budgeted direct labor of $12.000 and property tax of $12,000 for 7,000 hours of production. The department actually com- pleted 7,500 hours of production. that it uses flexible budgeting. OBJ. 2 Determine the budget for the department, assuming EE6-1 p 235 PE61B Flexible budgeting OBJ. 2 At the beginning of the period, the Fabricating Department budgeted direct labor of $9,280 and equipment depreciation...
13: 9781285868806
pactice Exercises EE61 p 235 PE6-1A Flexible budgeting At the beginning of the period, the Assembly Department budgeted direct labor and property tax of $12,000 for 7,000 hours of production. The department pleted 7,500 hours of production. Determine the budget for the department, ass that it uses flexible budgeting. OBJ, 2 of $112,000 actually com- uming EE61 p25 PE6-1B Flexible budgeting At the beginning of the period, the Fabricating Department budgeted $9,280 and equipment depreciation of $2,300 for...
Direct Labor Cost Budget Daybook Inc, budgeted production of 403,500 personal journals in 2016. Each journal requires assembly. Assume that eight minutes are required to assemble each journal If assembly labor costs $13.00 per hour, determine the direct labor cost budget for 2016. Round your interim calculations to nearest cent, if required.
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