For Crane Company, units to be produced are 5,300 in quarter 1 and 7,420 in quarter 2. It takes 1.6 hours to make a finished unit, and the expected hourly wage rate is $15 per hour. Prepare a direct labor budget by quarters for the 6 months ending June 30, 2022. $ CRANE COMPANY Direct Labor Budget 1 Quarter $ $ 2 Six Months

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Total Cost of Direct Materials Purchases
Total Direct Labor Cost
Beginning Materials Inventory
Units to be Produced
Total Pounds Required for Production
Cost Per Pound
Total Materials Required
Direct Materials Purchases
Direct Labor Time (Hours) Per Unit
Total Required Direct Labor Hours
Direct Materials Per Unit
Direct Labor Cost Per Hour
Desired Ending Inventory
Transcribed Image Text:Total Cost of Direct Materials Purchases Total Direct Labor Cost Beginning Materials Inventory Units to be Produced Total Pounds Required for Production Cost Per Pound Total Materials Required Direct Materials Purchases Direct Labor Time (Hours) Per Unit Total Required Direct Labor Hours Direct Materials Per Unit Direct Labor Cost Per Hour Desired Ending Inventory
For Crane Company, units to be produced are 5,300 in quarter 1 and 7,420 in quarter 2. It takes 1.6 hours to make a finished unit, and the expected hourly wage rate is $15 per hour.
Prepare a direct labor budget by quarters for the 6 months ending June 30, 2022.
$
$
CRANE COMPANY
Direct Labor Budget
1
Quarter
$
$
2
$
Six Months
Transcribed Image Text:For Crane Company, units to be produced are 5,300 in quarter 1 and 7,420 in quarter 2. It takes 1.6 hours to make a finished unit, and the expected hourly wage rate is $15 per hour. Prepare a direct labor budget by quarters for the 6 months ending June 30, 2022. $ $ CRANE COMPANY Direct Labor Budget 1 Quarter $ $ 2 $ Six Months
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