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Direct labor cost budget Provo Racket Company manufactures two types of tennis rackets, the Youth and Adult models. The production budget for July for the two rackets is as follows: Adult Production budget 23,300 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 0.50 hour per unit 0.60 hour per unit Youth 0.25 hour per unit Adult 0.30 hour per unit The direct labor rate for each department is as follows: Forming Department $16.00 per hour Assembly Department $12.00 per hour Youth 9,400 units Prepare the direct labor cost budget for July Line Item Description Hours required for production: Youth Adult Total Hourly rate Total direct labor cost Provo Racket Company Direct Labor Cost Budget For the Month Ending July 31 Forming Department Assembly Department

Direct labor cost budget Provo Racket Company manufactures two types of tennis rackets, the Youth and Adult models. The production budget for July for the two rackets is as follows: Adult Production budget 23,300 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 0.50 hour per unit 0.60 hour per unit Youth 0.25 hour per unit Adult 0.30 hour per unit The direct labor rate for each department is as follows: Forming Department $16.00 per hour Assembly Department $12.00 per hour Youth 9,400 units Prepare the direct labor cost budget for July Line Item Description Hours required for production: Youth Adult Total Hourly rate Total direct labor cost Provo Racket Company Direct Labor Cost Budget For the Month Ending July 31 Forming Department Assembly Department

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Direct labor cost budget Provo Racket Company manufactures two types of tennis rackets, the Youth and Adult models. The production budget for July for the two rackets is as follows: Youth Adult Production budget 9,400 units 23,300 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 0.50 hour per unit 0.60 hour per unit 0.25 hour per unit 0.30 hour per unit The direct labor rate for each department is as follows: Forming Department $16.00 per hour Assembly Department $12.00 per hour Youth Adult Prepare the direct labor cost budget for July Provo Racket Company Direct Labor Cost Budget For the Month Ending July 31 Line Item Description Hours required for production: Youth Adult Total Hourly rate Total direct labor cost Forming Department Assembly Department
Transcribed Image Text:Direct labor cost budget Provo Racket Company manufactures two types of tennis rackets, the Youth and Adult models. The production budget for July for the two rackets is as follows: Youth Adult Production budget 9,400 units 23,300 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 0.50 hour per unit 0.60 hour per unit 0.25 hour per unit 0.30 hour per unit The direct labor rate for each department is as follows: Forming Department $16.00 per hour Assembly Department $12.00 per hour Youth Adult Prepare the direct labor cost budget for July Provo Racket Company Direct Labor Cost Budget For the Month Ending July 31 Line Item Description Hours required for production: Youth Adult Total Hourly rate Total direct labor cost Forming Department Assembly Department
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