Swifty Auto has developed the following production plan for its new auto part. July August September October Budgeted production (units) 17,500 13,000 22,000 25,500 Each unit passes through two departments before completion. The company has developed the following direct labor standards: Machining Assembly DLH per unit 4.00 0.75 Hourly rate $13.00 $7.00 Prepare the direct labor budget for the third quarter of the coming year. (Enter "per unit" value and the "wage rate" answers to 2 decimal places, e.g. 52.75.) July August September 3rd Quarter Machining select an item enter a number of units enter a number of units enter a number of units enter a number of units select an item enter a number of hours rounded to 2 decimal places enter a number of hours rounded to 2 decimal places enter a number of hours rounded to 2 decimal places enter a number of hours rounded to 2 decimal places select an item enter a total number of hours enter a total number of hours enter a total number of hours enter a total number of hours select an item $enter a dollar amount rounded to 2 decimal places $enter a dollar amount rounded to 2 decimal places $enter a dollar amount rounded to 2 decimal places $enter a dollar amount rounded to 2 decimal places select a closing name for the first part $enter a total amount for the first part $enter a total amount for the first part $enter a total amount for the first part $enter a total amount for the first part Assembly select an item enter a number of units enter a number of units enter a number of units enter a number of units select an item enter a number of hours rounded to 2 decimal places enter a number of hours rounded to 2 decimal places enter a number of hours rounded to 2 decimal places enter a number of hours rounded to 2 decimal places select an item enter a total number of hours enter a total number of hours enter a total number of hours enter a total number of hours select an item $enter a dollar amount rounded to 2 decimal places $enter a dollar amount rounded to 2 decimal places $enter a dollar amount rounded to 2 decimal places $enter a dollar amount rounded to 2 decimal places select a closing name for the second part $enter a total amount for the second part $enter a total amount for the second part $enter a total amount for the second part $enter a total amount for the second part Total DL cost $enter a total dollar amount $enter a total dollar amount $enter a total dollar amount $enter a total dollar amount
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Swifty Auto has developed the following production plan for its new auto part.
July
|
August
|
September
|
October
|
|||||||
---|---|---|---|---|---|---|---|---|---|---|
Budgeted production (units)
|
17,500 | 13,000 | 22,000 | 25,500 |
Each unit passes through two departments before completion. The company has developed the following direct labor standards:
Machining
|
Assembly
|
|||||||
---|---|---|---|---|---|---|---|---|
DLH per unit
|
4.00 | 0.75 | ||||||
Hourly rate
|
$13.00 | $7.00 |
Prepare the direct labor budget for the third quarter of the coming year. (Enter "per unit" value and the "wage rate" answers to 2 decimal places, e.g. 52.75.)
July
|
August
|
September
|
3rd Quarter
|
|||||||
---|---|---|---|---|---|---|---|---|---|---|
Machining
|
||||||||||
select an item
|
enter a number of units | enter a number of units | enter a number of units | enter a number of units | ||||||
select an item
|
enter a number of hours rounded to 2 decimal places |
|
enter a number of hours rounded to 2 decimal places |
|
enter a number of hours rounded to 2 decimal places |
|
enter a number of hours rounded to 2 decimal places | |||
select an item
|
enter a total number of hours | enter a total number of hours | enter a total number of hours | enter a total number of hours | ||||||
select an item
|
$enter a dollar amount rounded to 2 decimal places | $enter a dollar amount rounded to 2 decimal places | $enter a dollar amount rounded to 2 decimal places | $enter a dollar amount rounded to 2 decimal places | ||||||
select a closing name for the first part
|
$enter a total amount for the first part |
|
$enter a total amount for the first part |
|
$enter a total amount for the first part |
|
$enter a total amount for the first part | |||
Assembly
|
||||||||||
select an item
|
enter a number of units | enter a number of units | enter a number of units | enter a number of units | ||||||
select an item
|
enter a number of hours rounded to 2 decimal places |
|
enter a number of hours rounded to 2 decimal places |
|
enter a number of hours rounded to 2 decimal places |
|
enter a number of hours rounded to 2 decimal places | |||
select an item
|
enter a total number of hours | enter a total number of hours | enter a total number of hours | enter a total number of hours | ||||||
select an item
|
$enter a dollar amount rounded to 2 decimal places | $enter a dollar amount rounded to 2 decimal places | $enter a dollar amount rounded to 2 decimal places | $enter a dollar amount rounded to 2 decimal places | ||||||
select a closing name for the second part
|
$enter a total amount for the second part |
|
$enter a total amount for the second part |
|
$enter a total amount for the second part |
|
$enter a total amount for the second part | |||
Total DL cost
|
$enter a total dollar amount |
|
$enter a total dollar amount |
|
$enter a total dollar amount |
|
$enter a total dollar amount |
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images