Preparing a Direct Labor Budget Patrick Inc. makes industrial solvents. Planned production in units for the first three...
Preparing a Direct Labor Budget
Patrick Inc. makes industrial solvents. Planned production in units for the first three months of the coming year is:
| January | 45,000 |
| February | 55,000 |
| March | 65,000 |
Each drum of industrial solvent takes 0.3 direct labor hours. The average wage is $17.50 per hour.
Required:
Prepare a direct labor budget for the months of January, February, and March, as well as the total for the first quarter. Do not include a multiplication symbol as part of your answer.
| Direct Labor Budget: | January | February | March | Total |
| Units to be produced | ||||
| Direct labor hrs per unit | ||||
| Total direct labor hrs | ||||
| Wage rate | $ | $ | $ | $ |
| Direct labor cost | $ | $ | $ | $ |
Homework Answers
Answer
| Direct Labor Budget: | January | February | March | Total |
| Units to be produced | 45000 | 55000 | 65000 | 165000 |
| Direct labor hrs per unit | 0.3 | 0.3 | 0.3 | 0.3 |
| Total direct labor hrs | 13500 | 16500 | 19500 | 49500 |
| Wage rate | $17.50 | $17.50 | $17.50 | $17.50 |
| Direct labor cost | $236,250 | $288,750 | $341,250 | $866,250 |
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