I need help solving for the Direct Labor budget, I attached what i have so far. Sales BudgetUnit Sales0.1 Multiply; Sales price0.9 Total Sales RevType of Saleroduction BudgetCash Sales 0.10Credit Sales 0.90Unit Sales (cases)0.12 Plus: Desired Ending inventoryTotal neededLess: Beginning inventory# of units to produceDirect Materal budg SilkUnits to be produced (from production budget)Multiply by: Quanity of needed per unitQuantity needed for productionPlus: Desired ending inventory of DMTotal quantity neededLess: Beginning inventory of DMQuantity to purchaseMultiply by: Cost per poundTotal cost of DM ourchases$11 1.75Direct Material budget- Vicose fabricUnits to be produced (from production budget)Multiply by: Quanity of DM needed per unitQuantity needed for productionPlus: Desired ending inventory of DMTotal quantity needed2.2Less: Beginning inventory of DMQuantity to purchaseMultiply by: Cost per poundTotal cost of DM ourchasesDirect Labor BudgetUnits (cases) to be producedMultiply by: Direct labor hours per unitTotal hours requiredMultiply by: Direct labor cost per unitTotal direct labor costJULY667.00$735490,245.00$49,024.50441,220.50490,245.00JULYJULYJULY55667 $837506956951.751,2161831,3992201,179$25.0029,47369521,5291691,6981871,511$1116,616.16AUGUST690.00$735507,150.0050,715.00456,435.00507,150.00AUGUSTAUGUST83690 $907806976971.751,220AUGUST2031,4231831,240$25.0030,98969721,5331881,7211691,552$1117,073.98SEPTEMBER OCTOBER NOVEMBER747.50977.50$735$735549,412.50 718,462.5054,941.2571,846.25494,471.25646,616.25549,412.50 718,462.50SEPTEMBER OCTOBER NOVEMBER748 $117865907757751.751,3562621,618203SEPTEMBER OCTOBER1,415$25.0035,3867752978 $1381,1161,7052421,9471881,759$1119,351.42,1179989981.751,7472662,0132621,751$25.0043,77199821,150.00$735845,250.002,1962452,4412422,199$1124,189.4484,525.00760,725.00845,250.001,1501,1501381,012NOVEMBER1,0121.751,77101,7712661,505$25.0037,6251,01222,2262,2262451,981$1121,795.40SEPTEMBER OCTOBER NOVEMBER Each jacket requires 12 hours of direct labor. H&BClothing, uses a series of drawing,cutting, and sawing machines set up for specialized operations to achieve productionefficiencies. Direct labor costs the company $25 per hour. Prepare a Direct Laborbudget.

Name: I need help solving for the Direct Labor budget, I attached what i hav
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Description: I need help solving for the Direct Labor budget, I attached what i have so far. Sales BudgetUnit Sales0.1 Multiply; Sales price0.9 Total Sales RevType of Saleroduction BudgetCash Sales 0.10Credit Sales 0.90Unit Sales (cases)0.12 Plus: Desired Ending

Direct labor budget is the statement prepared by the entity for the purpose of estimating the direct labor cost for a future period.Direct labor budgetJulyAugustSeptemberOctoberNovemberUnits to be produced 695 697 775 998 1,012Multiply by: Direct labor hours per unit 12 12 12 12 12Total hours required 8,340 8,364 9,300 11,976 12,144Multiply by: Direct labor cost per unit $ 25 $ 25 $ 25 $ 25 $ 25Total direct labor cost $ 208,500 $ 209,100 $ 232,500 $ 299,400 $ 303,600Direct labor budgetJulyAugustSeptemberOctoberNovemberTotal direct labor cost $ 208,500 $ 209,100 $ 232,500 $ 299,400 $ 303,600

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Each jacket requires 12 hours of direct labor. H&BClothing uses a series of drawing, cutting, and sawing machines set up for specialized operations to achieve production efficiencies. Direct labor costs the company $25 per hour. Prepare a Direct Labor budget.

Each jacket requires 12 hours of direct labor. H&BClothing uses a series of drawing, cutting, and sawing machines set up for specialized operations to achieve production efficiencies. Direct labor costs the company $25 per hour. Prepare a Direct Labor budget.

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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Concept explainers

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.

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Question

I need help solving for the Direct Labor budget, I attached what i have so far.

Sales Budget
Unit Sales
0.1 Multiply; Sales price
0.9 Total Sales Rev
Type of Sale
roduction Budget
Cash Sales 0.10
Credit Sales 0.90
Unit Sales (cases)
0.12 Plus: Desired Ending inventory
Total needed
Less: Beginning inventory
# of units to produce
Direct Materal budg Silk
Units to be produced (from production budget)
Multiply by: Quanity of needed per unit
Quantity needed for production
Plus: Desired ending inventory of DM
Total quantity needed
Less: Beginning inventory of DM
Quantity to purchase
Multiply by: Cost per pound
Total cost of DM ourchases
$11 1.75
Direct Material budget- Vicose fabric
Units to be produced (from production budget)
Multiply by: Quanity of DM needed per unit
Quantity needed for production
Plus: Desired ending inventory of DM
Total quantity needed
2.2
Less: Beginning inventory of DM
Quantity to purchase
Multiply by: Cost per pound
Total cost of DM ourchases
Direct Labor Budget
Units (cases) to be produced
Multiply by: Direct labor hours per unit
Total hours required
Multiply by: Direct labor cost per unit
Total direct labor cost
JULY
667.00
$735
490,245.00
$
49,024.50
441,220.50
490,245.00
JULY
JULY
JULY
55
667 $
83
750
695
695
1.75
1,216
183
1,399
220
1,179
$25.00
29,473
695
2
1,529
169
1,698
187
1,511
$11
16,616.16
AUGUST
690.00
$735
507,150.00
50,715.00
456,435.00
507,150.00
AUGUST
AUGUST
83
690 $
90
780
697
697
1.75
1,220
AUGUST
203
1,423
183
1,240
$25.00
30,989
697
2
1,533
188
1,721
169
1,552
$11
17,073.98
SEPTEMBER OCTOBER NOVEMBER
747.50
977.50
$735
$735
549,412.50 718,462.50
54,941.25
71,846.25
494,471.25
646,616.25
549,412.50 718,462.50
SEPTEMBER OCTOBER NOVEMBER
748 $
117
865
90
775
775
1.75
1,356
262
1,618
203
SEPTEMBER OCTOBER
1,415
$25.00
35,386
775
2
978 $
138
1,116
1,705
242
1,947
188
1,759
$11
19,351.42,
117
998
998
1.75
1,747
266
2,013
262
1,751
$25.00
43,771
998
2
1,150.00
$735
845,250.00
2,196
245
2,441
242
2,199
$11
24,189.44
84,525.00
760,725.00
845,250.00
1,150
1,150
138
1,012
NOVEMBER
1,012
1.75
1,771
0
1,771
266
1,505
$25.00
37,625
1,012
2
2,226
2,226
245
1,981
$11
21,795.40
SEPTEMBER OCTOBER NOVEMBER

Each jacket requires 12 hours of direct labor. H&BClothing, uses a series of drawing,
cutting, and sawing machines set up for specialized operations to achieve production
efficiencies. Direct labor costs the company $25 per hour. Prepare a Direct Labor
budget.

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