Lens Junction sells lenses for $43 each and is estimating sales of 15,000 units in January and 19,000 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 $14 per hour. Desired inventory levels are: Jan. 31 Feb. 28 Mar. 31 Beginning inventory Finished goods 4,300 4,900 4,900 Direct materials: silicon 8,400 9.100 9,300 Direct materials: solution 11,000 11,800 12,900
Lens Junction sells lenses for $43 each and is estimating sales of 15,000 units in January and 19,000 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 $14 per hour. Desired inventory levels are: Jan. 31 Feb. 28 Mar. 31 Beginning inventory Finished goods 4,300 4,900 4,900 Direct materials: silicon 8,400 9.100 9,300 Direct materials: solution 11,000 11,800 12,900
Chapter15: Managing Short-term Assets
Section: Chapter Questions
Problem 15PROB
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![Lens Junction sells lenses for $43 each and is estimating sales of 15,000 units in January and 19,000 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 $14 per hour. Desired inventory levels are:
Jan. 31 Feb. 28 Mar. 31
Beginning inventory
Finished goods
4,300
4,900
4,900
Direct materials: silicon
8,400
9,100
9,300
Direct materials: solution 11,000 11,800 12,900](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa800cf3f-3ef0-4a33-9f3c-792603d81a27%2Fc8444a0c-929f-44e3-91eb-74a6eded7e55%2Farublip_processed.png&w=3840&q=75)
Transcribed Image Text:Lens Junction sells lenses for $43 each and is estimating sales of 15,000 units in January and 19,000 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 $14 per hour. Desired inventory levels are:
Jan. 31 Feb. 28 Mar. 31
Beginning inventory
Finished goods
4,300
4,900
4,900
Direct materials: silicon
8,400
9,100
9,300
Direct materials: solution 11,000 11,800 12,900
![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
Labor Cost per Hour
Total Direct Labor Cost
Total Direct Labor Budget For Two Months Ending February 28, 20XX
%24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa800cf3f-3ef0-4a33-9f3c-792603d81a27%2Fc8444a0c-929f-44e3-91eb-74a6eded7e55%2F6a7i65r_processed.png&w=3840&q=75)
Transcribed Image Text: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
Labor Cost per Hour
Total Direct Labor Cost
Total Direct Labor Budget For Two Months Ending February 28, 20XX
%24
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