The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year Ast Quarter 10, 400 Qarter 8, 000 3rd Quarter 6, 200 4th Quacter 10, 500 Units to be produced Eoch unit requires 0.35 direct labor-hours, and direct laborers ere peid $14.00 per hour. Required: 1. Prepore the company's direct labor budget for the upcoming fiscal year (Round "Direct labor time per unit (hours)" answers to 2 decimal places.) Rordan Corporadon Drect Lacor Budget 1st Quarter 2nd Quarter 3rd Quater 4th Quarter Year Direct labor time per unit (hours) Total direct labor-hours needed Direct labor cost per hour Total direct labor cost

The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year Ast Quarter 10, 400 Qarter 8, 000 3rd Quarter 6, 200 4th Quacter 10, 500 Units to be produced Eoch unit requires 0.35 direct labor-hours, and direct laborers ere peid $14.00 per hour. Required: 1. Prepore the company's direct labor budget for the upcoming fiscal year (Round "Direct labor time per unit (hours)" answers to 2 decimal places.) Rordan Corporadon Drect Lacor Budget 1st Quarter 2nd Quarter 3rd Quater 4th Quarter Year Direct labor time per unit (hours) Total direct labor-hours needed Direct labor cost per hour Total direct labor 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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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
(b) Breakthrough Ltd provided the following standard cost card. Its budgeted production and sales for December 2021 were 10,000 units @ TZS 200,000 per unit. Budgeted fixed overheads were Tshs 200 millian. The standard cost card of breakthrough Ltd. TZS Direct material 4 kg of A at Tshs 5,000 per kg 2 kg ol B at Tshs 20,000 per kg Direct labour (5. hours per unit of production at Tshs15,000 per hour) Variable overhead (5 hours at Tshs 5,000 per labour hour) 20,000 40,000 75,000 25.000 Total variable cost 160.000 The company has also provided the actual results for December 2021. (AI the units produced during the period were sold. There is no closing inventory). TZS 000 TZS 000 2,089,500 Sales 10,500 units at Tshs199,000 Direct material A. 40,000kg at Tshs 6,000 per kg B. 23,000kg at Tshs 20,000 per kg Direct Labour 63.000 houcs at Tshs 15,000 per hour Variable overheads 63,000 hours at Tshs 4,000 per hour 240,000 460,000 945,000 252.000 (1,897,000) Actual contribution 192,500 Actual…
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Faras Company is preparing its manufacturing overhead budget for 2020. Relevant data consist of the following. Units to be produced (by quarters): 20,000,24,000, 28,000, 32,000. Direct labor: time is 0.5 hours per unit. Variable overhead costs per direct labor hour: indirect materials OMR0.80; indirect labor OMR1.10; and maintenance OMR0.50. Fixed overhead costs per quarter: supervisory salaries OMR30,000; depreciation OMR15,000; and maintenance OMR,10,000. What is the budgeted total manufacturing overhead cost for quarter 1?
Solve requriement a and b
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