Apex Toy Company plans to produce 45,000 wooden toys in 2025. Each toy requires 6 minutes of assembly time. If assembly labor costs $18 per hour, calculate the direct labor cost budget for 2025.
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- Please help meJessup Company expects to incur manufacturing overhead costs of $20,000 each month during the year ending December 31, 2022 and direct production costs (i.e. direct labor and direct materials) of $126 per unit. Total units produced for the year ending December 31, 2022 are estimated to be 10,000 units. If the company desires to price its product at cost plus 50%, the sales price per unit would be which of the following amounts? $225 $192 $189Eminem, Inc. manufactures music CDs. At the start of 2020, Eminem planned to produce 112,000 CDs for which the standard cost for each CD is: Plastic (0.25 pounds at $6.00 per pound) $1.50 Labor (0.10 hour at $12.00 per hour) 1.20 Overhead ($0.60 fixed and $0.90 variable) 1.50 Total $4.20 Overhead is allocated based on the number of units produced. Eminem isolates material purchase variances at the point of purchase. The following information summarizes Eminem’s results for 2020: Actual production 111,000 CDs Actual variable overhead $64,000 Actual fixed overhead $83,000 How much is the overhead volume variance for 2020? $600 unfavorable $1,200 unfavorable $600 favorable $1,200 favorable $1,500 favorable
- Scotch Brand Products produces packaging tape and has determined the following to be its standard cost of producing one case of budget packaging tape: Material (3.50 ounces at $1.30 per ounce) $4.55 Labor (0.30 hour at $12.00 per hour) 3.60 Overhead 2.40 Total $10.55 At the start of 2021, Scotch Brand planned to produce 80,000 cases of tape during the year. Overhead is allocated based on the number of cases of tape produced. Annual fixed overhead is budgeted at $64,000 and the variable overhead costs are budgeted at $1.60 per case. The following information summarizes the results for 2021: Actual production, 81,000 cases Purchased 275,000 ounces of material at a total cost of $343,750 Used 266,250 ounces of material in production Employees worked 22,000 hours, total labor cost $275,000 Actual overhead incurred,…Scotch Brand Products produces packaging tape and has determined the following to be its standard cost of producing one case of budget packaging tape: Material (3.50 ounces at $1.30 per ounce) $4.55 Labor (0.30 hour at $12.00 per hour) 3.60 Overhead 2.70 Total $10.85 At the start of 2021, Scotch Brand planned to produce 20,000 cases of tape during the year. Overhead is allocated based on the number of cases of tape produced. Annual fixed overhead is budgeted at $18,000 and the variable overhead costs are budgeted at $1.80 per case. The following information summarizes the results for 2021: Actual production, 21,000 cases Purchased 275,000 ounces of material at a total cost of $343,750 Used 266,250 ounces of material in production Employees worked 22,000 hours, total labor cost $275,000 Actual overhead incurred,…Shalom Company prepared its 2023 direct labor budget to produce Product Peace. Producing each unit requires 1.5 direct labor hours and the company estimates that the hourly rate for wage for each quarter are P280, P290, P300, P305, respectively. Month Units January February March April May June July August September October November December 500 1,000 600 800 1,400 900 800 1,200 500 900 700 3,000 Amounts must be in whole numbers. Example: 88,000 or (88,000) How much is the total direct labor budget? For Quarter 4
- Thank you.Winners Company expects to manufacture and sell 30,000 athletic uniforms for £80 each in 2024. Direct materials costs are £20, direct manufacturing labor is £8, and manufacturing overhead is £6 for each uniform. The following inventory levels apply to 2024: Direct materials Beginning inventory 12,000 units Ending inventory 9,000 units Work-in-process inventory O units O units Finished goods inventory 6,000 units 5,000 units What is the amount budgeted for direct material purchases in 2024? a. £520,000 b. £600,000 C. £580,000 d. £760,000Each unit requires direct labor of 4.1 hours. The labor rate is $13.75 per hour and next year’s production is estimated at 75,000 units. What is the amount to be included in next year’s direct labor budget?
- Vaughn Company’s sales budget showed expected sales of 13480 widgets. Beginning finished goods contained 1110widgets. The company determined that 14120 units should be produced. How many widgets will the company have on hand at the end of the year? 1110 1750 640 470Each unit requires direct labor of 4.1 hours. The labor rate is $13.75 per hour and next year’sproduction is estimated at 74,000 units. What is the amount to be included in next year’s direct labor budget?Lily, Inc., is preparing its direct labor budget for 2022 from the following production budget based on a calendar year. Quarter Units Quarter Units 1 22,000 3 38,500 2 27,500 4 33,000 Each unit requires 1.5 hours of direct labor.Prepare a direct labor budget for 2022. Wage rates are expected to be $14 for the first 2 quarters and $18 for quarters 3 and 4. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.5.)
