Direct Labor Budget Duran Company produces asphalt roofing materials. The production budget in bundles for Duran's most popular weight of asphalt shingle is shown for the following months: Units March 13,500 April May June Each bundle produced requires (on average) 0.30 direct labor hours. The average cost of direct labor is $30 per hour. 19,500 21,600 25,500 Required: Prepare a direct labor budget for March, April, and May, showing the hours needed and the direct labor cost for each month and in total. Do not include a multiplication symbol as part of your answer. Line Item Description Duran Company Direct Labor Budget For March, April, and May March April Units to be produced Direct labor time per unit (hours) Total hours needed Cost per hour Total direct labor cost $ $ May Total
Direct Labor Budget Duran Company produces asphalt roofing materials. The production budget in bundles for Duran's most popular weight of asphalt shingle is shown for the following months: Units March 13,500 April May June Each bundle produced requires (on average) 0.30 direct labor hours. The average cost of direct labor is $30 per hour. 19,500 21,600 25,500 Required: Prepare a direct labor budget for March, April, and May, showing the hours needed and the direct labor cost for each month and in total. Do not include a multiplication symbol as part of your answer. Line Item Description Duran Company Direct Labor Budget For March, April, and May March April Units to be produced Direct labor time per unit (hours) Total hours needed Cost per hour Total direct labor cost $ $ May Total
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:Direct Labor Budget
Duran Company produces asphalt roofing materials. The production budget in bundles for Duran's most popular weight of asphalt shingle is shown for the following months:
Units
March
13,500
April
May
June
Each bundle produced requires (on average) 0.30 direct labor hours. The average cost of direct labor is $30 per hour.
19,500
21,600
25,500
Required:
Prepare a direct labor budget for March, April, and May, showing the hours needed and the direct labor cost for each month and in total. Do not include a multiplication symbol as part of your
answer.
Line Item Description
Duran Company
Direct Labor Budget
For March, April, and May
March April
Units to be produced
Direct labor time per unit (hours)
Total hours needed
Cost per hour
Total direct labor cost
$
$
May
Total
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