Please do not give solution in image format thanku Forming Department Assembly DepartmentJunior0.25 hour per unit0.50 hour per unitPro Striker0.35 hour per unit0.60 hour per unitThe direct labor rate for each department is as follows:Forming DepartmentAssembly DepartmentPrepare the direct labor cost budget for July.Hours required for production:JuniorPro StrikerTotal$16.00 per hour$13.00 per hourHourly rate:Total direct labor costAce Racket CompanyDirect Labor Cost BudgetFor the Month Ending July 31Forming DepartmentAssembly Department KDirect Labor Cost BudgetAce Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July for thetwo rackets is as follows:Production budget19,800 unitsBoth rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated asfollows:JuniorPro StrikerJuniorForming Department Assembly Department0.25 hour per unit0.50 hour per unit0.35 hour per unit0.60 hour per unitThe direct labor rate for each department is as follows:$16.00 per hour$13.00 per hourForming DepartmentAssembly Department9,900 unitsPro StrikerPrepare the direct labor cost budget for July.Hours required for production:JuniorAce Racket CompanyDirect Labor Cost BudgetFor the Month Ending July 31Forming Department Assembly Department

Lets understand the basics.Management prepares budget in order to estimate future profit and…

Forming Department 0.25 hour per unit 0.35 hour per unit The direct labor rate for each department is as follows: Junior Pro Striker Forming Department Assembly Department Assembly Department 0.50 hour per unit 0.60 hour per unit $16.00 per hour $13.00 per hour Prepare the direct labor cost budget for July.

Forming Department 0.25 hour per unit 0.35 hour per unit The direct labor rate for each department is as follows: Junior Pro Striker Forming Department Assembly Department Assembly Department 0.50 hour per unit 0.60 hour per unit $16.00 per hour $13.00 per hour Prepare the direct labor cost budget for July.

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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