Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July for Junior Pro Striker Production budget 8,300 units 21,600 units Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated Forming Department Assembly Department Junior 0.25 hour per unit 0.4 hour per unit Pro Striker 0.3 hour per unit 0.65 hour per unit The direct labor rate for each department is as follows: Forming Department Assembly Department $18 per hour $13 per hour Prepare the direct labor cost budget for July Ace Racket Company Direct Labor Cost Budget For the Month Ending July 31 Forming Department Hours required for production: Junior Pro Striker Total Hourly rate Total direct labor cost Assembly Department
Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July for Junior Pro Striker Production budget 8,300 units 21,600 units Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated Forming Department Assembly Department Junior 0.25 hour per unit 0.4 hour per unit Pro Striker 0.3 hour per unit 0.65 hour per unit The direct labor rate for each department is as follows: Forming Department Assembly Department $18 per hour $13 per hour Prepare the direct labor cost budget for July Ace Racket Company Direct Labor Cost Budget For the Month Ending July 31 Forming Department Hours required for production: Junior Pro Striker Total Hourly rate Total direct labor cost Assembly Department
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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Transcribed Image Text:Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July for the two rackets is as follows:
Junior
Pro Striker
Production budget
8,300 units
21,600 units
Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows:
Forming Department
Assembly Department
Junior
0.25 hour per unit
0.4 hour per unit
Pro Striker
0.3 hour per unit
0.65 hour per unit
The direct labor rate for each department is as follows:
Forming Department
Assembly Department
Prepare the direct labor cost budget for July.
$18 per hour
$13 per hour
Hours required for production:
Junior
Pro Striker
Total
Hourly rate
Total direct labor cost
Ace Racket Company
Direct Labor Cost Budget
For the Month Ending July 31
Forming Department Assembly Department
00000
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