The manufacturing division manager of Davison Enterprises has submitted the following production forecast (in units) for each quarterof the next fiscal year. The plant produces seats for motorcycles:Third QuarterFirst Quarter10,500Second Quarter9,900Fourth QuarterUnits to be produced10,00010,400Each unit requires 0.50 direct labour-hours, and employees are paid $9 per hour.Required:1. Prepare the company's direct labour budget for the upcoming fiscal year, assuming that the direct labour workforce is adjusted eachquarter to match the number of hours required to produce the forecast number of units.Davison EnterprisesDirect Labour BudgetFirst Quarter Second Quarter Third Quarter Fourth QuarterYearUnits to be producedDirect labour time per unit (hours)Total direct labour hours neededDirect labour cost per hourTotal direct labour cost 2. Prepare the company's direct labour budget for the next fiscal year, assuming that the direct labour workforce is not adjusted eachquarter. Instead, assume that the company's direct labour workforce consists of permanent employees who are guaranteed to be paidfor at least 5,000 hours of work each quarter. If the number of required direct labour-hours is less than this number, the workers arepaid for 5,000 hours anyway. Any hours worked in excess of 5,000 hours in a quarter are paid at a rate of 1.5 times the normal hourlyrate for direct labour. (Do not leave any empty spaces; input a 0 wherever it is required.)Davison EnterprisesDirect Labour BudgetFirst Quarter Second Quarter Third Quarter Fourth QuarterYearTotal direct labour hours neededRegular hours paidOvertime hours paidWages for regular hoursOvertime wagesTotal direct labour cost

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The manufacturing division manager of Davison Enterprises has submitted the following production forecast (in units) for each quarter of the next fiscal year. The plant produces seats for motorcycles: First Quarter Second Quarter Third Quarter 10,000 Fourth Quarter Units to be produced 10,500 9,900 10,400 Each unit requires 0.50 direct labour-hours, and employees are paid $9 per hour. Required: 1. Prepare the company's direct labour budget for the upcoming fiscal year, assuming that the direct labour workforce is adjusted each quarter to match the number of hours required to produce the forecast number of units. Davison Enterprises Direct Labour Budget First Quarter Second Quarter Third Quarter Fourth Quarter Year Units to be produced Direct labour time per unit (hours) Total direct labour hours needed Direct labour cost per hour Total direct labour cost

The manufacturing division manager of Davison Enterprises has submitted the following production forecast (in units) for each quarter of the next fiscal year. The plant produces seats for motorcycles: First Quarter Second Quarter Third Quarter 10,000 Fourth Quarter Units to be produced 10,500 9,900 10,400 Each unit requires 0.50 direct labour-hours, and employees are paid $9 per hour. Required: 1. Prepare the company's direct labour budget for the upcoming fiscal year, assuming that the direct labour workforce is adjusted each quarter to match the number of hours required to produce the forecast number of units. Davison Enterprises Direct Labour Budget First Quarter Second Quarter Third Quarter Fourth Quarter Year Units to be produced Direct labour time per unit (hours) Total direct labour hours needed Direct labour cost per hour Total direct labour cost

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 has submitted the following quarterly production forecast for the upcoming fiscal year:
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