Excel File Dv A1 1 2 McGraw Hill Excel Question - Saved 33 Home Insert Draw Calibri Formulas Data Review 11 V MIAMI SOLAR Direct Labor Budget B 田くぐ~ Av ab Xfx Accessibility tab summary: Two data tables for Miami Solar are presented in cells F1 to G3 and F5 to G7. A statement of requirement is pr I J K B C E A F G H L Units Produced July 3 4 5 6 7 Required: 8 Prepare a direct labor budget for July. 9 10 (Use cells A2 to G6 from the given information to complete this question.) 11 12 13 14 15 Units to produce 16 17 Direct labor hours needed 18 19 Cost of direct labor 20 21 22 Each unit requires 4 hours of direct labor at a rate of $16 per hour. D Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,000 units (solar panels) in July and 5,300 units in August. Search (Option + Q) July View Help ... 5,000 DLHS per unit Editing ✓ 4 August 5,300 Direct labor rate $16 -0 General 00 -0

Excel File Dv A1 1 2 McGraw Hill Excel Question - Saved 33 Home Insert Draw Calibri Formulas Data Review 11 V MIAMI SOLAR Direct Labor Budget B 田くぐ~ Av ab Xfx Accessibility tab summary: Two data tables for Miami Solar are presented in cells F1 to G3 and F5 to G7. A statement of requirement is pr I J K B C E A F G H L Units Produced July 3 4 5 6 7 Required: 8 Prepare a direct labor budget for July. 9 10 (Use cells A2 to G6 from the given information to complete this question.) 11 12 13 14 15 Units to produce 16 17 Direct labor hours needed 18 19 Cost of direct labor 20 21 22 Each unit requires 4 hours of direct labor at a rate of $16 per hour. D Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,000 units (solar panels) in July and 5,300 units in August. Search (Option + Q) July View Help ... 5,000 DLHS per unit Editing ✓ 4 August 5,300 Direct labor rate $16 -0 General 00 -0

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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eBook Question Content Area Ellis Company’s labor information for September is as follows: Direct labor hourly rate paid $31.00 Total standard direct labor hours for units produced 10,000.00 Direct labor hours worked 9,850.00 Direct labor rate variance $6,895.00 (favorable) Round your answers to two decimal places. A. Compute the standard direct labor rate per hour. $fill in the blank 1 standard rate B. Compute the direct labor time variance. Direct labor time variance $fill in the blank 2 C. Compute the standard direct labor rate if the direct labor rate variance was $2,462.50 (unfavorable). $fill in the blank 4 standard labor rate
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l LTE 11:10 project cost accounting fe07... Done 3 of 3 Problem 2. Preparing Master budgets UBS Company, a manufacturing business that sells baskets, wants a master budget prepared for the first three months of this year (January, February and March) The managers of the different departments have provided the following information: The Sales Manager has projected the following sales: January 6,000 units February 5,000 units March 6,000 units Projected selling price is $40.00/unit Your Production Manager gave the following information: Ending Inventory is to be 20% of next month's production need **rounded to the nearest 10. April's Projected Sales 5,500 units, May 11250 units December 20X5 Ending Inventory was 1,000 units The Manufacturing Manager has estimated the following Each unit will require 4 grams of material Material in Ending Inventory is 20% of next month's needs December's Ending Material Inventory was 4,800 g Project cost of material: $2.50/gram The Personnel Manager has…
AutoSave Off C F W9-Budgeting Exercis... A Spencer R Schultz Home Insert Draw Design Layout References Mailings Review View Help X Ą rM Font Paragraph Styles Editing Sensitivity Dictate Editor Add-ins Read on Ce reMarkable -oard 5 Styles Voice Sensitivity Editor Add-ins SR Editing reMarkable The production supervisor of the Machining Department for Niland Company agreed to the following monthly static budget for the upcoming year: Niland Company Machining Department Monthly Production Budget Wages Utilities Depreciation Total $274,000 20,000 34,000 $328,000 The actual amount spent and the actual units produced in the first three months in the Machining Department were as follows: Amount Spent Units Produced January $310,000 67,000 February 296,000 61,000 March 283,000 55,000 。 The Machining Department supervisor has been very pleased with this performance because actual expenditures for January-March have been less than the monthly static budget of $328,000. However, the plant manager…
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ings Review View Help y Tell me E·E·G· T AaBbCcDd AaBbCcDd AaBbC AaBbCct AaB AaBbCCD AaBbCCDd A ••• 1 Normal 1 No Spac... Heading 1 Heading 2 Title Subtitle Subtle Em... BI Paragraph Styles Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: cost formulas Direct labor $16.20q Indirect labor $4,600+ $1.50q Utilities $5,200 + $0.40q Supplies Equipment depreciation $1,400 + $0.30q Factory rent $8,400 Property taxes $2,800 Factory administration $13,300 + $0.60q The Production Department planned to work 4,000 labor-hours in March; however, it actually worked 3,800 labor-hours during the month. Its actual costs incurred in March are listed below: Actual Cost Incurred in March Direct labor $ 63,120 Indirect labor $9,780 Utilities…