The Langley Batting Company manufactures wood baseball bats. Langley's two primary products are a youth bat, designed for children and young teens, and an adult bat, designed for high school and college-aged players. Langley sells the bats to sporting goods stores and all sales are on account. The youth bat sells for $40; the adult bat sells for $65. Langley's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season. Langley's balance sheet for December 31, 2018, and other data for the first quarter of 2019 follow: E (Click the icon to view the balance sheet.) A (Click the icon to view the other data.) Data Table Read the requirements. Langley Batting Company VOH cost per bat Balance Sheet Budgeted VOH December 31, 2018 Budgeted FOH Assets Depreciation Current Assets: Insurance and property taxes Cash 30,000 Total budgeted FOH Accounts Receivable 16,700 Budgeted manufacturing overhead costs Raw Materials Inventory 6,000 Finished Goods Inventory 21,300 Direct labor hours Total Current Assets 74,000 Budgeted manufacturing overhead costs Property, Plant, and Equipment: Drarlatarminad uarhaard allncatinn rata Equipment 130,000 Choose from any list or enter any number in the input fields and then click Check Answer. Less: Accumulated Depreciation (50,000) 80,000
The Langley Batting Company manufactures wood baseball bats. Langley's two primary products are a youth bat, designed for children and young teens, and an adult bat, designed for high school and college-aged players. Langley sells the bats to sporting goods stores and all sales are on account. The youth bat sells for $40; the adult bat sells for $65. Langley's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season. Langley's balance sheet for December 31, 2018, and other data for the first quarter of 2019 follow: E (Click the icon to view the balance sheet.) A (Click the icon to view the other data.) Data Table Read the requirements. Langley Batting Company VOH cost per bat Balance Sheet Budgeted VOH December 31, 2018 Budgeted FOH Assets Depreciation Current Assets: Insurance and property taxes Cash 30,000 Total budgeted FOH Accounts Receivable 16,700 Budgeted manufacturing overhead costs Raw Materials Inventory 6,000 Finished Goods Inventory 21,300 Direct labor hours Total Current Assets 74,000 Budgeted manufacturing overhead costs Property, Plant, and Equipment: Drarlatarminad uarhaard allncatinn rata Equipment 130,000 Choose from any list or enter any number in the input fields and then click Check Answer. Less: Accumulated Depreciation (50,000) 80,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 5, Part 4. Please fill in the blanks in same format as question
Transcribed Image Text:Langley Batting Company
Direct Labor Budget
For the Quarter Ended March 31, 2019
Youth
Adult
Bats
Bats
Total
Budgeted bats to be produced
1,250
1,950
3,200
Direct labor hours per unit
0.70
0.70
0.70
Direct labor hours needed for production
875
1,365
2,240
Direct labor cost per hour
18 | $
18 $
18
15,750 $ 24,570 $
40,320
Budgeted direct labor cost
%24
Transcribed Image Text:The Langley Batting Company manufactures wood baseball bats. Langley's two primary products are a youth bat, designed for children and young teens, and an adult bat, designed for high school and college-aged players. Langley sells the bats
to sporting goods stores and all sales are on account. The youth bat sells for $40; the adult bat sells for $65. Langley's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season. Langley's
balance sheet for December 31, 2018, and other data for the first quarter of 2019 follow:
E (Click the icon to view the balance sheet.)
(Click the icon to view the other data.)
Data Table
Read the reguirements.
Langley Batting Company
VOH cost per bat
Balance Sheet
Budgeted VOH
December 31, 2018
Budgeted FOH
Assets
Depreciation
Current Assets:
Insurance and property taxes
Cash
$
30.000
Total budgeted FOH
Accounts Receivable
16,700
Budgeted manufacturing overhead costs
Raw Materials Inventory
6,000
Finished Goods Inventory
21,300
Direct labor hours
Total Current Assets
$
74,000
Budgeted manufacturing overhead costs
Property, Plant, and Equipment:
Prodatermined uerhead alloratinn rate
Equipment
130,000
Choose from any list or enter any number in the input fields and then click Check Answer.
Less: Accumulated Depreciation
(50,000)
80,000
154,000
Total Assets
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