Direct Labor Cost BudgetDirect labor needs from the direct labor cost budget should be coordinated between the production and personnel departments so that there will be enough labor available for production.Before you make any changes to the budget, you review the information on the following Direct Labor Data Table and enter the units to be produced from the Production Budget. After scanning the Direct Labor Cost Budget (which follows the Direct Labor Data Table), you observe that LearnCo has omitted quite a few numbers from the budget. Fill in the missing amounts. You may need to use numbers from the Direct Labor Data Table, or from the sales budget, production budget, and direct materials purchases budget you prepared. When required, round your answers to the nearest dollar.Direct Labor Data Table GluingAssemblyHours required per unit: Basic abacus0.100.10 Deluxe abacus0.100.20Labor hourly rate: Gluing$13 Assembly$19 Units to be produced (from Production Budget): Basic abacusfill in the blank 4e91cff6afc0039_1 Deluxe abacusfill in the blank 4e91cff6afc0039_2 LearnCoDirect Labor Cost BudgetFor the Year Ending December 31, 20Y2 GluingAssemblyTotalHours required for production: Basic abacusfill in the blank 4e91cff6afc0039_3fill in the blank 4e91cff6afc0039_4 Deluxe abacusfill in the blank 4e91cff6afc0039_5fill in the blank 4e91cff6afc0039_6 Totalfill in the blank 4e91cff6afc0039_7fill in the blank 4e91cff6afc0039_8 Hourly rate× $fill in the blank 4e91cff6afc0039_9× $fill in the blank 4e91cff6afc0039_10 Total direct labor cost$fill in the blank 4e91cff6afc0039_11$fill in the blank 4e91cff6afc0039_12$303,230

ANSWER : Units to be produced (from Production Budget): Basic abacus 35,950 Deluxe abacus 36,900 Gluing Assembly Total Hours required for production: Basic abacus 3,595 [35950 x 0.10] 3,595 [35950 x 0.10] Deluxe abacus 3,690 [36900 x 0.10] 7,380 [36900 x 0.20] Total 7,285 10,975 Hourly rate $13.00 $19.00 Total direct labor cost $94705 $208525 $303,230

Answered: Direct labor needs from the direct…

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

Direct labor needs from the direct labor cost budget should be coordinated between the production and personnel departments so that there will be enough labor available for production.

Before you make any changes to the budget, you review the information on the following Direct Labor Data Table and enter the units to be produced from the Production Budget. After scanning the Direct Labor Cost Budget (which follows the Direct Labor Data Table), you observe that LearnCo has omitted quite a few numbers from the budget. Fill in the missing amounts. You may need to use numbers from the Direct Labor Data Table, or from the sales budget, production budget, and direct materials purchases budget you prepared. When required, round your answers to the nearest dollar.

Direct Labor Data Table
	Gluing	Assembly
Hours required per unit:
Basic abacus	0.10	0.10
Deluxe abacus	0.10	0.20
Labor hourly rate:
Gluing	$13
Assembly	$19
Units to be produced (from Production Budget):
Basic abacus	fill in the blank 4e91cff6afc0039_1
Deluxe abacus	fill in the blank 4e91cff6afc0039_2

LearnCo Direct Labor Cost Budget For the Year Ending December 31, 20Y2
	Gluing	Assembly	Total
Hours required for production:
Basic abacus	fill in the blank 4e91cff6afc0039_3	fill in the blank 4e91cff6afc0039_4
Deluxe abacus	fill in the blank 4e91cff6afc0039_5	fill in the blank 4e91cff6afc0039_6
Total	fill in the blank 4e91cff6afc0039_7	fill in the blank 4e91cff6afc0039_8
Hourly rate	× $fill in the blank 4e91cff6afc0039_9	× $fill in the blank 4e91cff6afc0039_10
Total direct labor cost	$fill in the blank 4e91cff6afc0039_11	$fill in the blank 4e91cff6afc0039_12	$303,230

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