Depasquale Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.51 directlabor-hours. The direct labor rate is $8.60 per direct labor-hour. The production budget calls for producing 6,600 units in May and7,000 units in June. If the direct labor work force is fully adjusted to the total direct labor-hours needed each month, what would bethe total combined direct labor cost for the two months? (Round your intermediate calculations to 2 decimal places.)Multiple Choice$30,702.00$29,824.80$59,649.60$28,947.60

The objective of the question is to calculate the total combined direct labor cost for the two…

Answered: Depasquale Corporation is working on…

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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Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans production of 240,000 units in the second quarter and 52,500 units in the third quarter. Raw material inventory is 43,200 pounds at the beginning of the second quarter. Other information follows: Direct materials. Each unit requires 0.60 pounds of raw material, priced at $175 per pound. The company plans to end each quarter with an ending inventory of materials equal to 30% of next quarter's budgeted materials requirements. Prepare a direct materials budget for the second quarter. (Enter "per unit" answers in two decimal places.) Units to be produced RIDA INC. Direct Materials Budget Second Quarter Materials needed for production (pounds) Total materials requirements (pounds) Materials to be purchased (pounds) Budgeted cost of direct materials purchases 240,000 units
Each unit requires direct labor of 1.5 hours. The labor rate is $10.83 per hour and next year’s direct labor budget totals $732,156. How many units are included in the production budget for next year? Round to the nearest penny, two decimal places.
Sunrise Poles manufactures hiking poles and is planning on producing 3,646 units in March and 4,395 in April. Each pole requires a half pound of material, which costs $1.17 per pound. The company’s policy is to have enough material on hand to equal 7% of the next month’s production needs and to maintain a finished goods inventory equal to 17% of the next month’s production needs. What is the budgeted cost of purchases for March? Round to the nearest penny, two decimal places.
Bonita Industries is preparing its direct labor budget for May. Projections for the month are that 31400 units are to be produced and that direct labor time required is three hours per unit. If the labor cost per hour is $15, what is the total budgeted direct labor cost for May? O $1345500. O $2025000. O $1413000. O$1379250.
Manufacturing costs are estimated to be $360,000 and $450,000 for July and August respectively. These amounts include $30,000 of monthly depreciation plant and equipment expense. Cash payments are paid such that 60% are paid in the month incurred and 40% are paid in the following month. What are the budgeted cash payments for August?
Sill Corporation makes one product. Budgeted unit sales for January, February, March, and April are 9,900, 11,400, 11,900, and 13,400 units, respectively. The ending finished goods inventory equals 20% of the following month's sales. The ending raw materials inventory equals 40% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. If 61,000 pounds of raw materials are required for production in March, then the budgeted raw material purchases for February is closest to: Multiple Choice 57,500 pounds 104,900 pounds 58,900 pounds 81,900 pounds S
The sales budget of a company for November and December is 46,000 units and 48,000 units, respectively. its production budget for the same two months is 43,000 units and 44,000 units, respectively. Each unit of finished goods requires 4 pounds of raw materials. The company always maintains raw materials inventory equal to 20% of the following months production needs. Assume the company pays $2.75 per pound of raw material. It alvways pays for 50% of its raw material purchases in the month of purchase and the remainder in the following month. The accounts payable balance on October 31 is $146,000. What amount would the company show in their November cash budget for cash disbursements for raw material purchases? Multiple Choice $391,600 $382,850 $388,600 $383,600 ( Prev 4 of 23 MacBook Ain
Each unit requires direct labor of 1.5 hours. The labor rate is $11.86 per hour and next year’s direct labor budget totals $795,253. How many units are included in the production budget for next year? Round to the nearest penny, two decimal places.
Prepare a production budget for the first four months of the year. Cloud Shoes manufactures recovery sandals and is planning on producing 12,000 units in March and 11,500 in April. Each sandal requires 1.2 yards if material, which costs $3.00 per yard. The company’s policy is to have enough material on hand to equal 15% of next month’s production needs and to maintain a finished goods inventory equal to 20% of the next month’s production needs. What is the budgeted cost of purchases for March?
Pouch Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.90 direct labor-hours. The direct labor rate is $9.90 per direct labor-hour. The production budget calls for producing 2,600 units in June and 2,400 units in July. If the direct labor work force is fully adjusted to the total direct labor-hours needed each month, what would be the total combined direct labor cost for the two months? $44,550.00 $22,275.00 $21,384.00 $23,166.00

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