Roberts Company has the following direct labor budget for the current month:Budgeted production units for the monthDirect labor hours per unitDirect labor hours needed for productionDirect labor cost per hourBudgeted direct labor costs for the month120,0000.7590,000$10$900,000What would be the budgeted direct labor costs for the month if Roberts Company expects to decrease the budgetedproduction of units to 110,000 and the direct labor cost is expected to decrease to $9 per hour?A. $825,000B. $810,000C. $67,500OD. $742,500

D. $742,500Explanation:To calculate the budgeted direct labor costs for the month with the adjusted…

Answered: Roberts Company has the following…

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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Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,400 units. Sales Costa PHOENIX COMPANY Fixed Budget For Year Ended December 31 Direct materials Direct labor Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-office equipment Income $ 3,234,000 1,001,000 246,400 46,200 295,000 198,000 231,000 251,000 610,700 193,000 $ 161,700
A company provides the following information from its original planning budget, and for its actual results for the month of April: Budgeted Fixed Selling Costs: $101,000 Budgeted Sales Volume: 30,000 units Actual Fixed Selling Costs: $93,000 Actual Sales Volume; 31,000 units If the company creates a Flexible Budget for April, what amount should they list for fixed selling costs on the flexible budget? (Round to the nearest dollar.)
Bonita Industries is preparing its direct labor budget for May. Projections for the month are that 31400 units are to be produced and that direct labor time required is three hours per unit. If the labor cost per hour is $15, what is the total budgeted direct labor cost for May? O $1345500. O $2025000. O $1413000. O$1379250.
Tucker Inc. is preparing its Manufacturing Overhead Budget for the Quarter based on the following production in units. April May June QuarterProduction in units 20,000 10,000 15,000 45,000Tucker Inc. uses a variable manufacturing overhead rate of $2.50 per unit produced Fixed manufacturing overhad is $40,000 per month and includes $20,000 of non-cash costs (depreciation of plant assets). The total Variable Manufacturing Overhead cost for the quarter is: The total Fixed Manufacturing Overhead cost for the quarter is: Thet total Manufacturing Overhead costs for the quarter is: The total Cash disbursements for manufacturing overhead for the quarter is
Ironton Products has a production budget as follows: May, 19,000 units; June, 22,000 units; and July, 27,000 units. Each unit requires 2.5 labor hours at $10 per hour. What would be the budgeted direct labor cost for June? A. $675,000 B. $220,000 C. $55,000 D. $550,000
Kasson Company has budgeted units to be produced for the next five months as follows: budgeted units to be produced June 12,000 July 15,000 August 11,000 September 18,000 October 22,000 Kasson Company used the following information in creating its master budget for the year: 1. Ending direct materials inventory for each month should be equal to 140% of the next month's production needs. 2. Each unit produced requires 2.5 pounds of direct materials. 3. Direct materials are purchased for $2.30 per pound. Calculate the cost of direct materials budgeted to be purchased in June.
kasson Company has budgeted units to be produced for the next five months as follows: budgeted units to be produced June 12,000 July 15,000 August 11,000 September 18,000 October 22,000 Kasson Company used the following information in creating its master budget for the year: Ending direct materials inventory for each month should be equal to 140% of the next month's production needs. Each unit produced requires 2.5 pounds of direct materials. Direct materials are purchased for $2.30 per pound. Kasson Company pays for 65% of a month's purchase of direct materials in the month of purchase, 25% of a month's purchase of direct materials is paid in the month after purchase, and the final 10% is paid in the second month after the month of purchase. Calculate Kasson Company's budgeted accounts payable at September 30.
Ramos Company provides the following budgeted production for the next four months. Units to produce April 620 May June July 750 720 720 Each finished unit requires 5 pounds of direct materials. The company wants to end each month with direct materials inventory equal to 30% of next month's production needs. Beginning direct materials inventory for April was 930 pounds. Direct materials cost $2 per pound. Prepare a direct materials budget for April, May, and June. Units to produce Materials needed for production (pounds) Total materials required (pounds) Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases RAMOS COMPANY Direct Materials Budget April May June 620 750 720 units 0
a) $18,400 b) $101,600 c) $19,600 d) $16,800
Zaria Inc. provides the following budgeted data for producing 10,000 units of one of its products in its static budget for the next quarter: Sales per unit $60 Variable costs per unit $40 Fixed costs for the quarter $20,000 What would be the amount of operating income to be reported in the flexible budget prepared at a volume of 12,000 units? Group of answer choices $620,000 $216,000 $220,000 $300,000
Pouch Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.90 direct labor-hours. The direct labor rate is $9.90 per direct labor-hour. The production budget calls for producing 2,600 units in June and 2,400 units in July. If the direct labor work force is fully adjusted to the total direct labor-hours needed each month, what would be the total combined direct labor cost for the two months? $44,550.00 $22,275.00 $21,384.00 $23,166.00
Pooler Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.20 direct labor-hours. The direct labor rate is $7.00 per direct labor-hour. The production budget calls for producing 7,700 units in April and 7,500 units in May. If the direct labor work force is fully adjusted to the total direct labor-hours needed each month, what would be the total combined direct labor cost for the two months? Multiple Choice $21,770 $21,945 $21,280 $21,455

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