Homework Answers
| Calculations | Particulars | July | Aug | Sep |
| A | Budgeted Production ( units ) | 590 | 650 | 510 |
| B | Labor hour per unit | 1 | 1 | 1 |
| C = A x B | Total labor hours needed | 590 | 650 | 510 |
| D | Direct labor rate per hour | 16 | 16 | 16.75 |
| E = C x D | Budgeted Direct Labor Cost | 9440 | 10400 | 8542.5 |
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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, 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, 620; August,...
The production budget for Manner Company shows units to be produced as follows: July, 620; August, 680; and 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. Augustus is predicted to be 25 Prepare a direct labor budget for the months July, August, and September. MANNER COMPANY Direct Labor Budget For July, August, and September July August 620 680...
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,...
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...
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...
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...
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...
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
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...
Required: 1. Prepare a production budget for Supermix for the months July, August, September, and October....
Required: 1. Prepare a production budget for Supermix for the months July, August, September, and October. 3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter...
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, 620; August, 680; and 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. Augustus is predicted to be 25 Prepare a direct labor budget for the months July, August, and September. MANNER COMPANY Direct Labor Budget For July, August, and September July August 620 680...
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,...
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...
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...
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...
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...
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
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...
Required: 1. Prepare a production budget for Supermix for the months July, August, September, and October. 3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter...
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