A company is preparing its direct labor budget for the 2021 from the following production budget based on a calendar year: Quarter Units 1 40 , 000 2 20 , 000 3 30 , 000 4 50 , 000 Each unit requires 1.5 hours of direct labor. The union contract provides for a 10% increase in wage rate to P11 per hour beginning October 1, 2021 . Questions: 1 . How much direct labor cost is budgeted for 2021 ? P 2. What is the amount of direct labor cost budget for the 4th quarter ? P NOTE:

A company is preparing its direct labor budget for the 2021 from the following production budget based on a calendar year: Quarter Units 1 40 , 000 2 20 , 000 3 30 , 000 4 50 , 000 Each unit requires 1.5 hours of direct labor. The union contract provides for a 10% increase in wage rate to P11 per hour beginning October 1, 2021 . Questions: 1 . How much direct labor cost is budgeted for 2021 ? P 2. What is the amount of direct labor cost budget for the 4th quarter ? P NOTE:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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33 34
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500,00X 500
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The answer is 1,130.55
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