Lens Junction Direct Materials Budget for Solution For the Two Months Ending February 28, 20XX January Febru Units to be Produced Direct Material per Unit Total Ounces Needed for Production Total Material Required Ounces of Direct Material Purchase Requirements Cost per Ounce Total Cost of Direct Material Purchase Total Direct Materials Solution for Two Months Ending February 28, 20XX Prepare a direct labor budget. Lens Junction Direct Labor Budget For the Two Months Ending February 28, 20XX January February Units to be Produced Direct Labor Hours per Unit Total Required Direct Labor Hours
Lens Junction Direct Materials Budget for Solution For the Two Months Ending February 28, 20XX January Febru Units to be Produced Direct Material per Unit Total Ounces Needed for Production Total Material Required Ounces of Direct Material Purchase Requirements Cost per Ounce Total Cost of Direct Material Purchase Total Direct Materials Solution for Two Months Ending February 28, 20XX Prepare a direct labor budget. Lens Junction Direct Labor Budget For the Two Months Ending February 28, 20XX January February Units to be Produced Direct Labor Hours per Unit Total Required Direct Labor Hours
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Lens Junction sells lenses for $43 each and is estimating sales of 16,000 units in January and 17,000 in February. Each lens consists of 2 pounds of silicon costing $2.50 per pound, 3 oz of solution costing $3 per ounce, and 30 minutes of direct labor at a labor rate of $16 per hour. Desired inventory levels are:
Jan. 31 | Feb. 28 | Mar. 31 | |
Beginning inventory | |||
Finished goods | 4,300 | 4,900 | 5,200 |
Direct materials: silicon | 8,300 | 8,900 | 9,300 |
Direct materials: solution | 11,400 | 12,100 | 12,800 |

Transcribed Image Text:Lens Junction
Direct Materials Budget for Solution
For the Two Months Ending February 28, 20XX
January
Februa
Units to be Produced
Direct Material per Unit
Total Ounces Needed for Production
Total Material Required
Ounces of Direct Material Purchase Requirements
Cost per Ounce
Total Cost of Direct Material Purchase
Total Direct Materials Solution for Two Months Ending February 28, 20XX
Prepare a direct labor budget.
Lens Junction
Direct Labor Budget
For the Two Months Ending February 28, 20XX
January
February
Units to be Produced
Direct Labor Hours per Unit
Total Required Direct Labor Hours

Transcribed Image Text:Labor Cost per Hour
Total Direct Labor Cost
Total Direct Labor Budget For Two Months Ending February 28, 20XX
00
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