Homework Answers
Total Direct Labor Hours Required = Units to be Produced * Direct Labor Time Per Finished Unit
Total Direct Labor Cost = Total Direct Labor Hours Required * Direct Labor Wage Per Hour
Hence the correct answer is :
| Quarter | |||
| 1 | 2 | Six Months | |
| Units to be Produced | 5,100 | 6,300 | |
| Direct Labor Time Per Finished Unit | 2 | 2 | |
| Total Direct Labor Hours Required | 10,200 | 12,600 | |
| Direct Labor Wage Per Hour | 15 | 15 | |
| Total Direct Labor Cost | 153,000 | 189,000 | 342,000 |
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Q3
For Gundy Company, units to be produced are 5,100 in qu 1 and 6,300 in...
For Gundy Company, units to be produced are 5,170 in quarter 1 and 6,200 in quarter...
For Gundy Company, units to be produced are 5,170 in quarter 1 and 6,200 in quarter 2. It takes 2.0 hours to make a finished unit, and the expected hourly wage rate is $15 per hour. Prepare a direct labor budget by quarters for the 6 months ending June 30, 2017. GUNDY COMPANY Direct Labor Budget Quarter Six Months H AL all $
for Grundy company, units to be produced For Gundy Company, units to be produced are 5,290...
for Grundy company, units to be produced
For Gundy Company, units to be produced are 5,290 in quarter 1 and 6,400 in quarter 2. It takes 2.0 hours to make a finished unit, and the expected hourly wage rate is $15 per hour. Prepare a direct labor budget by quarters for the 6 months ending June 30, 2017 GUNDY COMPANY Direct Labor Budget For the Six Months Ending June 30, 2017 : Quarter Six Months Direct Materials Purchases Direct Labor...
For Gundy Company, units to be produced are 5,230 in quarter 1 and 6,100 in quarter...
For Gundy Company, units to be produced are 5,230 in quarter 1 and 6,100 in quarter 2. It takes 2.0 hours to make a finished unit, and the expected hourly wage rate is $15 per hour. Prepare a direct labor budget by quarters for the 6 months ending June 30, 2020. GUNDY COMPANY Direct Labor Budget Quarter Six Months A LA
For Gundy Company, units to be produced are 5,570 in quarter 1 and 6,600 in quarter...
For Gundy Company, units to be produced are 5,570 in quarter 1 and 6,600 in quarter 2. It takes 1.5 hours to make a finished unit, and the expected hourly wage rate is $16 per hour. Prepare a direct labor budget by quarters for the 6 months ending June 30, 2020 GUNDY COMPANY Direct Labor Budget Quarter Six Months
Brief Exercise 9-5 For Gundy Company, units to be produced are 5,210 in quarter 1 and...
Brief Exercise 9-5 For Gundy Company, units to be produced are 5,210 in quarter 1 and 6,500 in quarter 2. It takes 1.5 hours to make a finished unit, and the expected hourly wage rate is $15 per hour. Prepare a direct labor budget by quarters for the 6 months ending June 30, 2020. GUNDY COMPANY Direct Labor Budget Quarter Six Months $ $
Question 4 For Wildhorse Company, units to be produced are 5,520 in quarter 1 and 6,500...
Question 4
For Wildhorse Company, units to be produced are 5,520 in quarter 1
and 6,500 in quarter 2. It takes 1.5 hours to make a finished unit,
and the expected hourly wage rate is $15 per hour.
Prepare a direct labor budget by quarters for the 6 months ending
June 30, 2020.
WILDHORSE COMPANY
Direct Labor Budget
For
the Six Months Ending June 30, 2020For the Quarter Ending June 30,
2020June 30, 2020
Quarter
1
2
Six Months
Total...
Cook Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparin...
Cook Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2017. 1. Sales: quarter 1, 29,800 bags; quarter 2,42,400 bags. Selling price is $62 per bag. 2. Direct materials: each bag of Snare requires 5 pounds of Gumm at a cost of $3.8 per pound and 6 pounds of Tarr at $1.50 per pound. 3. Desired inventory levels: Type of Inventory January 1...
Exercise 23-6 (Part Level Submission) On January 1, 2017, the Hardin Company budget committee has reached...
Exercise 23-6 (Part Level Submission) On January 1, 2017, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2017. Sales units: Ending raw materials inventory: Ending finished goods inventory: Third-quarter production: First quarter 5,600; second quarter 6,300; third quarter 7,000 40% of the next quarter's production requirements 25% of the next quarter's expected sales units 7,820 units The ending raw maferials and finished goods inventories at December 31, 2016, follow...
Prepare the budgeted multiple-step income statement for the first 6 months. (Round intermediate calculations to 2...
Prepare the budgeted multiple-step income statement for the first 6 months. (Round intermediate calculations to 2 decimal places and final answer to 0 decimal places, e.g. 1,255.) COOK FARM SUPPLY COMPANY Budgeted Income Statement For the Six Months Ending June 30, 2017 Sales 4477400 Cost of Goods Sold 2825900 Gross Profit 1651500 Selling and Administrative Expenses 1031610 Income from Operations 619890 185967 Income Before Income Tax 433923 Income Tax Expense 185967 Net Income /(Loss) 433923 Cook Farm Supply Company manufactures...
port On January 1, 2020, the Hardin Company budget committee has reached agreement on the following...
port On January 1, 2020, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020. Sales units: First quarter 5,600, second quarter 6,300: third quarter 7.000. Ending raw materials inventory: 40% of the next quarter's production requirements. Endinghnished goods inventory: 25% of the next quarter's expected sales units. Third quarter production: 7.820 units. The ending raw materials and finished goods inventories at December 31, 2019 follow the same percentage relationships...
For Gundy Company, units to be produced are 5,170 in quarter 1 and 6,200 in quarter 2. It takes 2.0 hours to make a finished unit, and the expected hourly wage rate is $15 per hour. Prepare a direct labor budget by quarters for the 6 months ending June 30, 2017. GUNDY COMPANY Direct Labor Budget Quarter Six Months H AL all $
for Grundy company, units to be produced
For Gundy Company, units to be produced are 5,290 in quarter 1 and 6,400 in quarter 2. It takes 2.0 hours to make a finished unit, and the expected hourly wage rate is $15 per hour. Prepare a direct labor budget by quarters for the 6 months ending June 30, 2017 GUNDY COMPANY Direct Labor Budget For the Six Months Ending June 30, 2017 : Quarter Six Months Direct Materials Purchases Direct Labor...
For Gundy Company, units to be produced are 5,230 in quarter 1 and 6,100 in quarter 2. It takes 2.0 hours to make a finished unit, and the expected hourly wage rate is $15 per hour. Prepare a direct labor budget by quarters for the 6 months ending June 30, 2020. GUNDY COMPANY Direct Labor Budget Quarter Six Months A LA
For Gundy Company, units to be produced are 5,570 in quarter 1 and 6,600 in quarter 2. It takes 1.5 hours to make a finished unit, and the expected hourly wage rate is $16 per hour. Prepare a direct labor budget by quarters for the 6 months ending June 30, 2020 GUNDY COMPANY Direct Labor Budget Quarter Six Months
Brief Exercise 9-5 For Gundy Company, units to be produced are 5,210 in quarter 1 and 6,500 in quarter 2. It takes 1.5 hours to make a finished unit, and the expected hourly wage rate is $15 per hour. Prepare a direct labor budget by quarters for the 6 months ending June 30, 2020. GUNDY COMPANY Direct Labor Budget Quarter Six Months $ $
Question 4
For Wildhorse Company, units to be produced are 5,520 in quarter 1
and 6,500 in quarter 2. It takes 1.5 hours to make a finished unit,
and the expected hourly wage rate is $15 per hour.
Prepare a direct labor budget by quarters for the 6 months ending
June 30, 2020.
WILDHORSE COMPANY
Direct Labor Budget
For
the Six Months Ending June 30, 2020For the Quarter Ending June 30,
2020June 30, 2020
Quarter
1
2
Six Months
Total...
Cook Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2017. 1. Sales: quarter 1, 29,800 bags; quarter 2,42,400 bags. Selling price is $62 per bag. 2. Direct materials: each bag of Snare requires 5 pounds of Gumm at a cost of $3.8 per pound and 6 pounds of Tarr at $1.50 per pound. 3. Desired inventory levels: Type of Inventory January 1...
Exercise 23-6 (Part Level Submission) On January 1, 2017, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2017. Sales units: Ending raw materials inventory: Ending finished goods inventory: Third-quarter production: First quarter 5,600; second quarter 6,300; third quarter 7,000 40% of the next quarter's production requirements 25% of the next quarter's expected sales units 7,820 units The ending raw maferials and finished goods inventories at December 31, 2016, follow...
Prepare the budgeted multiple-step income statement for the first 6 months. (Round intermediate calculations to 2 decimal places and final answer to 0 decimal places, e.g. 1,255.) COOK FARM SUPPLY COMPANY Budgeted Income Statement For the Six Months Ending June 30, 2017 Sales 4477400 Cost of Goods Sold 2825900 Gross Profit 1651500 Selling and Administrative Expenses 1031610 Income from Operations 619890 185967 Income Before Income Tax 433923 Income Tax Expense 185967 Net Income /(Loss) 433923 Cook Farm Supply Company manufactures...
port On January 1, 2020, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020. Sales units: First quarter 5,600, second quarter 6,300: third quarter 7.000. Ending raw materials inventory: 40% of the next quarter's production requirements. Endinghnished goods inventory: 25% of the next quarter's expected sales units. Third quarter production: 7.820 units. The ending raw materials and finished goods inventories at December 31, 2019 follow the same percentage relationships...
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