Estimated unit sales Unit selling price Direct labor hours per unit Direct labor cost per hour January 10,560 $60 2.0 $6.0 February $57.5 12,320 11,440 2.0 April 9,680 $57.5 $57.5 $6.0 March 1.5 $6.0 1.5 $7.0 May 9,680 $57.5 1.5 $7.0 Sheridan has a labor contract that calls for a wage increase to $7.0 per hour on April 1. New labor-saving machinery has been installed and will be fully operational by March 1. Sheridan expects to begin the year with 15,488 frames on hand and has a policy of carrying an end-of-month inventory of 100% of the following month's sales, plus 40% of the second following month's sales.

Estimated unit sales Unit selling price Direct labor hours per unit Direct labor cost per hour January 10,560 $60 2.0 $6.0 February $57.5 12,320 11,440 2.0 April 9,680 $57.5 $57.5 $6.0 March 1.5 $6.0 1.5 $7.0 May 9,680 $57.5 1.5 $7.0 Sheridan has a labor contract that calls for a wage increase to $7.0 per hour on April 1. New labor-saving machinery has been installed and will be fully operational by March 1. Sheridan expects to begin the year with 15,488 frames on hand and has a policy of carrying an end-of-month inventory of 100% of the following month's sales, plus 40% of the second following month's sales.

Name: (b)Prepare a direct labor budget for Sheridan Company by month and fo
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Description: (b)Prepare a direct labor budget for Sheridan Company by month and for the first quarter of the year. The direct labor budget shouldinclude direct labor hours. (Round Direct labor hours per unit answers to 1 decimal place, e.g. 52.7.)$$JanSHERIDAN C

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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