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Direct Labor Cost Budget 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 6,800 units 21,400 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 0.20 hour per unit 0.40 hour per unit 0.30 hour per unit Pro Striker 0.75 hour per unit The direct labor rate for each department is as follows: Forming Department $20.00 per hour Assembly Department $10.00 per hour Prepare the direct labor cost budget for July. Ace Racket Company Direct Labor Cost Budget For the Month Ending July 31 Assembly Department Forming Department Hours required for production: Junior Pro Striker Total X$ XS Hourly rate Total direct labor cost

Direct Labor Cost Budget 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 6,800 units 21,400 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 0.20 hour per unit 0.40 hour per unit 0.30 hour per unit Pro Striker 0.75 hour per unit The direct labor rate for each department is as follows: Forming Department $20.00 per hour Assembly Department $10.00 per hour Prepare the direct labor cost budget for July. Ace Racket Company Direct Labor Cost Budget For the Month Ending July 31 Assembly Department Forming Department Hours required for production: Junior Pro Striker Total X$ XS Hourly rate Total direct labor cost

FINANCIAL ACCOUNTING
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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Direct Labor Cost Budget 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 6,800 units 21,400 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 0.20 hour per unit 0.40 hour per unit 0.30 hour per unit Pro Striker 0.75 hour per unit The direct labor rate for each department is as follows: Forming Department $20.00 per hour Assembly Department $10.00 per hour Prepare the direct labor cost budget for July. Ace Racket Company Direct Labor Cost Budget For the Month Ending July 31 Assembly Department Forming Department Hours required for production: Junior Pro Striker
Transcribed Image Text:Direct Labor Cost Budget 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 6,800 units 21,400 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 0.20 hour per unit 0.40 hour per unit 0.30 hour per unit Pro Striker 0.75 hour per unit The direct labor rate for each department is as follows: Forming Department $20.00 per hour Assembly Department $10.00 per hour Prepare the direct labor cost budget for July. Ace Racket Company Direct Labor Cost Budget For the Month Ending July 31 Assembly Department Forming Department Hours required for production: Junior Pro Striker
Total X$ XS Hourly rate Total direct labor cost
Transcribed Image Text:Total X$ XS Hourly rate Total direct labor cost
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