Homework Answers
| July | August | September | |
|---|---|---|---|
| Budgeted production | 620 | 680 | 540 |
| Direct labor per unit | 2 | 2 | 2 |
| Labor hours needed | 1240 | 1360 | 1080 |
| Labor cost per hour | 20 | 20 | 21 |
| Direct labor cost | 24,800 | 27,200 | 22,680 |
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The production budget for Manner Company shows units to be produced as follows: July, 620; August,...
The production budget for Manner Company shows units to be produced as follows: July, 670; August,...
The production budget for Manner Company shows units to be produced as follows: July, 670; August, 730; and September, 590. Each unit produced requires three hours of direct labor. The direct labor rate is currently $15 per hour but is predicted to be $15.75 per hour in September Prepare a direct labor budget for the months July, August, and September. MANNER COMPANY Direct Labor Budget For July, August, and September July August 670 730 September 590 units Budgeted production (units)...
The production budget for Manner Company shows units to be produced as follows: July, 590; August, 650; and Septemb...
The production budget for Manner Company shows units to be produced as follows: July, 590; August, 650; and September, 510. Each unit produced requires one hour of direct labor. The direct labor rate is currently $16 per hour but is predicted to be $16.75 per hour in September Prepare a direct labor budget for the months July, August, and September. MANNER COMPANY Direct Labor Budget For July, August, and September July August 590 Budgeted production (units) September 510 units Total...
Please include your calculations as well. Exercise 20-5 Manufacturing: Direct labor budget LO P1 The production...
Please include your calculations as well.
Exercise 20-5 Manufacturing: Direct labor budget LO P1 The production budget for Manner Company shows units to be produced as follows: July, 620; August, 680; September, 540. Each unit produced requires two hours of direct labor. The direct labor rate is currently $20 per hour but is predicted to be $21 per hour in September. Prepare a direct labor budget for the months July, August, and September. MANNER COMPANY Direct Labor Budget For July,...
X-Tel budgets sales of $60,000 for April, $120,000 for May, and $85,000 for June. In addition, sales are 50% cas...
X-Tel budgets sales of $60,000 for April, $120,000 for May, and $85,000 for June. In addition, sales are 50% cash and 50% on credit. All credit sales are collected in the month following the sale. The April 1 balance in accounts receivable is $18,000. Prepare a schedule of budgeted cash receipts for April, May, and June May June X-TEL Cash Receipts Budget For April, May, and June April Sales Less: Ending accounts receivable Cash receipts from: Cash sales Collections of...
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...
Skybird has forecast sales for the next three months as follows: 4.000 units, August 6.000 units,...
Skybird has forecast sales for the next three months as follows: 4.000 units, August 6.000 units, September 7.500 is projected to be 1500 units, Morthy costs are budgeted as follows . Skybudspolicy is to have an ending hertory of 40% of the next more on hand try $17.000 $10.00 Fixed manufacturing costs Fixed selling costs Fixed administrative costs Variable manufacturing costs Variable selling costs 8,00 $6 per unit produced What is budgeted manufacturing overhead cout for July? M Choice 0...
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...
Flagstaff Company has budgeted production units of 9,600 for July and 9,800 for August. The direct...
Flagstaff Company has budgeted production units of 9,600 for July and 9,800 for August. The direct labor requirement per unit is 0.50 hours. Labor is paid at the rate of $23 per hour. The total cost of direct labor for the month of August is: Multiple Choice $110,400 $4,900 $112,700 $4,800. $223,100
Flagstaff Company has budgeted production units of 9,200 for July and 9,400 for August. The direct labor requirement per...
Flagstaff Company has budgeted production units of 9,200 for July and 9,400 for August. The direct labor requirement per unit is 0.40 hours. Labor is paid at the rate of $19 per hour. The total cost of direct labor for the month of August is: Multiple Choice $69,920. $3,760. $71,440. $3,680. $141,360.
Jillian Inc. produces leather handbags. The production budget for the next four months is : July...
Jillian Inc. produces leather handbags. The production budget for the next four months is : July 5,000 units, August 7,000, September 7,500, October 8,000, . Each handbag requires 1.3 hours of unskilled labor ( paid $8 per hour) and 2.2 hours of skilled labor (paid $ 15 per hour). What will be the total labor cost for the month of August ? a) $161,000 b) $121,500 c) $231,000 d) $303,800
The production budget for Manner Company shows units to be produced as follows: July, 670; August, 730; and September, 590. Each unit produced requires three hours of direct labor. The direct labor rate is currently $15 per hour but is predicted to be $15.75 per hour in September Prepare a direct labor budget for the months July, August, and September. MANNER COMPANY Direct Labor Budget For July, August, and September July August 670 730 September 590 units Budgeted production (units)...
The production budget for Manner Company shows units to be produced as follows: July, 590; August, 650; and September, 510. Each unit produced requires one hour of direct labor. The direct labor rate is currently $16 per hour but is predicted to be $16.75 per hour in September Prepare a direct labor budget for the months July, August, and September. MANNER COMPANY Direct Labor Budget For July, August, and September July August 590 Budgeted production (units) September 510 units Total...
Please include your calculations as well.
Exercise 20-5 Manufacturing: Direct labor budget LO P1 The production budget for Manner Company shows units to be produced as follows: July, 620; August, 680; September, 540. Each unit produced requires two hours of direct labor. The direct labor rate is currently $20 per hour but is predicted to be $21 per hour in September. Prepare a direct labor budget for the months July, August, and September. MANNER COMPANY Direct Labor Budget For July,...
X-Tel budgets sales of $60,000 for April, $120,000 for May, and $85,000 for June. In addition, sales are 50% cash and 50% on credit. All credit sales are collected in the month following the sale. The April 1 balance in accounts receivable is $18,000. Prepare a schedule of budgeted cash receipts for April, May, and June May June X-TEL Cash Receipts Budget For April, May, and June April Sales Less: Ending accounts receivable Cash receipts from: Cash sales Collections of...
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...
Skybird has forecast sales for the next three months as follows: 4.000 units, August 6.000 units, September 7.500 is projected to be 1500 units, Morthy costs are budgeted as follows . Skybudspolicy is to have an ending hertory of 40% of the next more on hand try $17.000 $10.00 Fixed manufacturing costs Fixed selling costs Fixed administrative costs Variable manufacturing costs Variable selling costs 8,00 $6 per unit produced What is budgeted manufacturing overhead cout for July? M Choice 0...
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...
Flagstaff Company has budgeted production units of 9,600 for July and 9,800 for August. The direct labor requirement per unit is 0.50 hours. Labor is paid at the rate of $23 per hour. The total cost of direct labor for the month of August is: Multiple Choice $110,400 $4,900 $112,700 $4,800. $223,100
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