Prepare the direct labor cost budget for July.Hours required for production:JuniorPro StrikerTotalAce Racket CompanyDirect Labor Cost BudgetFor the Month Ending July 31Forming DepartmentHourly rateTotal direct labor costAssembly Department Direct Labor Cost BudgetAce Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July for the two rackets isas follows:Pro Striker23,400 unitsProduction budgetBoth rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows:Forming DepartmentAssembly DepartmentJunior9,100 unitsJunior0.20 hour per unitPro Striker0.30 hour per unitThe direct labor rate for each department is as follows:Forming DepartmentAssembly Department0.40 hour per unit0.75 hour per unit$17.00 per hour$10.00 per hour

Budgeting is the process of estimating future cost that is to be incurred during a specific period…

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 Production budget 9,100 units 23,400 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 Pro Striker 0.30 hour per unit 0.75 hour per unit The direct labor rate for each department is as follows: Forming Department Assembly Department $17.00 per hour $10.00 per hour Pro Striker

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 Production budget 9,100 units 23,400 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 Pro Striker 0.30 hour per unit 0.75 hour per unit The direct labor rate for each department is as follows: Forming Department Assembly Department $17.00 per hour $10.00 per hour Pro Striker

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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