Lens Junction has required production of 15,400 units in January and 18,100 in February. Each lens consists of 30 minutes of direct labor at a labor rate of $18 per hour. PLEASE NOTE: Units are rounded to whole numbers with commas as needed (i.e. 1,234) - no labels. All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345), except for any "per" amounts (units or dollars), which are rounded to two decimal places and shown with "$" and commas as needed (i.e. $1,234.56) - no labels. Labor Cost per Hour Desired Ending Inventory DLH per Unit Units to be Produced Hours Needed for Production Required DL Hours Beginning Inventory Total Cost of DL Total DL Required Using the information above, along with the terms above, prepare a direct labor budget Lens Junction
Lens Junction has required production of 15,400 units in January and 18,100 in February. Each lens consists of 30 minutes of direct labor at a labor rate of $18 per hour. PLEASE NOTE: Units are rounded to whole numbers with commas as needed (i.e. 1,234) - no labels. All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345), except for any "per" amounts (units or dollars), which are rounded to two decimal places and shown with "$" and commas as needed (i.e. $1,234.56) - no labels. Labor Cost per Hour Desired Ending Inventory DLH per Unit Units to be Produced Hours Needed for Production Required DL Hours Beginning Inventory Total Cost of DL Total DL Required Using the information above, along with the terms above, prepare a direct labor budget Lens Junction
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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3. Lens Junction has required production of 15,400 units in January and 18,100 in February. Each lens consists of 30 minutes of direct labor at a labor rate of $18 per hour.
PLEASE NOTE: Units are rounded to whole numbers with commas as needed (i.e. 1,234) - no labels. All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345), except for any "per" amounts (units or dollars), which are rounded to two decimal places and shown with "$" and commas as needed (i.e. $1,234.56) - no labels.
| Labor Cost per Hour |
Desired Ending Inventory |
DLH per Unit |
| Units to be Produced | Hours Needed for Production | Required DL Hours |
| Beginning Inventory |
Total Cost of DL |
Total DL Required |
Using the information above, along with the terms above, prepare a direct labor budget
| Lens Junction |
| Direct Labor Budget |
| For the Two Months Ending Feb, 28, 2019 |
| X | January | February |
| ? | ? | ? |
| ? | ? | ? |
| ? | ? | ? |
| ? | ? | ? |
| ? | ? | ? |
|
? |
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