eBook Show Me How Hours required for assembly: Direct Labor Cost Budget Pasadena Candle Inc. budgeted production of 63,000 candles for January. Each candle requires molding. Assume that three minutes are required to mold each candle. If molding labor costs $15.25 per hour, determine the direct labor cost budget for January. Round total direct labor cost to the nearest dollar, if required. Pasadena Candle Inc. Direct Labor Cost Budget For the Month Ending January 31 Candles Convert minutes to hours Molding hours Hourly rate Total direct labor cost = essionLocator=&inprogress=false X min. min. Up hrs.
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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Direct Labor Cost Budget
Hours required for assembly:
Candles
Pasadena Candle Inc. budgeted production of 63,000 candles for January. Each candle requires molding. Assume that three minutes are required to mold each candle. If
molding labor costs $15.25 per hour, determine the direct labor cost budget for January.
Round total direct labor cost to the nearest dollar, if required.
Pasadena Candle Inc.
Direct Labor Cost Budget
For the Month Ending January 31
Show Me How
Convert minutes to hours
Molding hours
Hourly rate
Total direct labor cost
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