The following forecasted information has been submitted for Maple Company for each quarter of the upcoming fiscal year: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Sales (units) 800 950 900 1200 Production (units) 900 920 1000 1100 Each unit requires 1.25 labor hours to produce. The production workers of Maple Company are paid $10 per hour for regular time and overtime at a rate of 1.5 times the hourly rate of regular pay. Maple guarantees its workforce a minimum of 1,200 hours work cach quarter. Any hours worked in excess of the 1,200 will be paid at the overtime rate.

The following forecasted information has been submitted for Maple Company for each quarter of the upcoming fiscal year: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Sales (units) 800 950 900 1200 Production (units) 900 920 1000 1100 Each unit requires 1.25 labor hours to produce. The production workers of Maple Company are paid $10 per hour for regular time and overtime at a rate of 1.5 times the hourly rate of regular pay. Maple guarantees its workforce a minimum of 1,200 hours work cach quarter. Any hours worked in excess of the 1,200 will be paid at the overtime rate.

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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The production manager of Rordan Corporation prepared the following quarterly production forecast for next year: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units to be produced 11,200 8,500 8,600 10,900 Each unit requires 0.55 direct labor-hour, and direct laborers are paid $16.00 per hour. Required: 1. Prepare a direct labor budget for next year. Note: Round "Direct labor time per unit (hours)" answers to 2 decimal places.
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please answer all parts within 30 minutes.....
A manufacturer has a production facility that requires 19,111 units of component JY21 per year. Following a long-term contract, the manufacturer purchases component JY21 from a supplier with a lead time of 6 days. The unit purchase cost is $12.8 per unit. The cost to place and process an order from the supplier is $113 per order. The unit inventory carrying cost per year is 20 percent of the unit purchase cost. The manufacturer operates 250 days a year. Assume EOQ model is appropriate. What is the optimal total annual inventory and purchase cost for the manufacturer? Use at least 4 decimal places.
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The Xenopeltics Company estimates its requirement, which is 39,000 units semiannually at a price of $4 per unit. The carrying cost at 15% of the price and its ordering cost at $90 oer order. On a 360-day basis, determine the following:
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