Patrick Inc. makes industrial solvents. Planned production in units for the first three months of the coming year is: January 45,000 February 50,000 March 65,000 Each drum of industrial solvent takes 0.3 direct labor hours. The average wage is $18.60 per hour. Required: Prepare a direct labor budget for the months of January, February, and March, as well as the total for the first quarter. Do not include a multiplication symbol as part of your answer. Patrick Inc. Direct Labor Budget For the Coming First Quarter Direct Labor Budget: January February March Total Units to be produced Direct labor hrs per unit Total direct labor hrs Wage rate Direct labor cost

Patrick Inc. makes industrial solvents. Planned production in units for the first three months of the coming year is: January 45,000 February 50,000 March 65,000 Each drum of industrial solvent takes 0.3 direct labor hours. The average wage is $18.60 per hour. Required: Prepare a direct labor budget for the months of January, February, and March, as well as the total for the first quarter. Do not include a multiplication symbol as part of your answer. Patrick Inc. Direct Labor Budget For the Coming First Quarter Direct Labor Budget: January February March Total Units to be produced Direct labor hrs per unit Total direct labor hrs Wage rate Direct labor cost

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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