FINAL REVISION QUESTION 1. The production budget for Zink Company shows units to be produced as follows: July, 620%3; August, 680; September, 540. Each unit produced requires two hours of direct labor. The direct labor rate is currently $16 per hour but is predicted to be S16.75 per hour in September. Prepare a direct labor budget for the months July, August, and September.
FINAL REVISION QUESTION 1. The production budget for Zink Company shows units to be produced as follows: July, 620%3; August, 680; September, 540. Each unit produced requires two hours of direct labor. The direct labor rate is currently $16 per hour but is predicted to be S16.75 per hour in September. Prepare a direct labor budget for the months July, August, and September.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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FINAL REVISION
QUESTION 1.
The production budget for Zink Company shows units to be produced as follows: July, 620%;
August, 680; September, 540. Each unit produced requires two hours of direct labor. The
direct labor rate is currently $16 per hour but is predicted to be $16.75 per hour in Septembe
Prepare a direct labor budget for the months July, August, and September.
QUESTION 2.
Listed here are product costs for the production of soccer balls. Classify cach cost (a) as cither
fixed or variable and (b) as either direct or indirect.
Cost by Traceability
Indirect
Product Cost
Cost by Behavior
Variable
Fixed
Direct
1. Taxes on factory
2. Machine depreciation
3. Wages of assembly workers
4. Leather covers for soccer balls
5. Annual flat fee paid for office security
6. Wages of factory supervisors
144
1 OF 4
A DO
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