Direct labor cost budgetQuetzaltenango Candle Inc. budgeted production of 54,000 candles for March. Each candle requires molding. Assume that 10 minutes are required to mold each candle. If moldinglabor costs $14.25 per hour, determine the direct labor cost budget for March.Quetzaltenango Candle Inc.Direct Labor Cost BudgetFor the Month Ending March 31Hours required for molding:Candlesmin.Convert minutes to hours ÷min.Molding hourshrs.Hourly rateTotal direct labor cost

Total minutes for 54,000 candles = 54,000 x 10 each = 540,000 Molding hours = 540,000 / 60 (cause…

Answered: Direct labor cost budget Quetzaltenango…

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 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: Line Item Description Youth Adult Production budget 6,700 units 18,700 units Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows: Line Item Description Forming Department Assembly Department Youth 0.20 hour per unit 0.40 hour per unit Adult 0.35 hour per unit 0.65 hour per unit The direct labor rate for each department is as follows: Forming Department $17.00 per hourAssembly Department $8.00 per hour Prepare the direct labor cost budget for July. Provo Racket CompanyDirect Labor Cost BudgetFor the Month Ending July 31 Line Item Description Forming Department Assembly Department Hours required for production: Youth Youth Youth Adult Adult Adult Total Total Total Hourly rate…
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