Georgian French Florentine Provincial 300 200 50 January February March 450 320 80 520 430 80 450 100 April May June 520 640 560 130 950 600 150 The direct labor time required for one person to produce each unit of product has been estimated as follows: Georgian 3 hours French Provincial 5 hours Florentine 6 hours REQUIRED: 1. Prepare a budget of direct labor hours for each month and convert it into a budget of direct labor cost.
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
![Georgian
French
Florentine
Provincial
300
200
50
January
February
March
450
320
80
520
430
80
450
100
April
Мay
520
640
560
130
June
950
600
150
The direct labor time required for one person to produce each unit of
product has been estimated as follows:
Georgian
3 hours
French Provincial
5 hours
Florentine
6 hours
REQUIRED:
1. Prepare a budget of direct labor hours for each month and convert it into a
budget of direct labor cost.
2. How many employees will be needed for production each month? How many
will be regular, temporary full-time, and temporary part-time. How many
new recruits are needed also every month?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa850383d-2f4b-4e32-b821-6050a6306ef5%2F60a01871-756c-414d-b314-d08f5ff1b5d3%2Fy1i827_processed.jpeg&w=3840&q=75)
![Irene Corporation manufactures three lines of decorative cabinets for
stereo and television sets. Skill is required of the workers and it is not easy to
hire persons qualified for the work. At the present time, there are 15 qualified
employees (all regular workers) available for this type of work and new
personnel are to be hired and trained for the busy first six months of 2021. Each
employee works approximately 150 hours a month and is paid the rate of P100
per hour.
Production plans based on anticipated sales demand, are given next page
in units for each of the three lines of cabinets.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa850383d-2f4b-4e32-b821-6050a6306ef5%2F60a01871-756c-414d-b314-d08f5ff1b5d3%2Fj8qokz_processed.jpeg&w=3840&q=75)
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