Ramos Company provides the following (partial) production budget for the next three months. Each finished unit requires 0.3 hour of direct labor at the rate of $11 per hour. The company budgets variable overhead at the rate of $15 per direct labor hour and budgets fixed overhead of $9,200 per month. Production Budget Units to produce April 560 May 690 June 660 1. Prepare a direct labor budget for April, May, and June. 2. Prepare a factory overhead budget for April, May, and June.

Ramos Company provides the following (partial) production budget for the next three months. Each finished unit requires 0.3 hour of direct labor at the rate of $11 per hour. The company budgets variable overhead at the rate of $15 per direct labor hour and budgets fixed overhead of $9,200 per month. Production Budget Units to produce April 560 May 690 June 660 1. Prepare a direct labor budget for April, May, and June. 2. Prepare a factory overhead budget for April, May, and June.

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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