The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year Units to be produced 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 8,400 6,500 7,200 8,100 Each unit requires 0.65 direct labor-hours, and direct laborers are paid $12.00 per hour. Required: 1. Prepare the company's direct labor budget for the upcoming fiscal year. Note: Round "Direct labor time per unit (hours)" answers to 2 decimal places. Rordan Corporation Direct Labor Budget

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year
Units to be produced
1st Quarter
8,400
2nd Quarter
6,500
3rd Quarter 4th Quarter
7,200
8,100
Each unit requires 0.65 direct labor-hours, and direct laborers are paid $12.00 per hour
Required:
1. Prepare the company's direct labor budget for the upcoming fiscal year
Note: Round "Direct labor time per unit (hours)" answers to 2 decimal places.
Required production in units
Direct labor time per unit (hours)
Total direct labor-hours needed
Direct labor cost per hour
Total direct labor cost
Rordan Corporation.
Direct Labor Budget
2nd Quarter
6,500
1st Quarter
8,400
3rd Quarter
7,200
4th Quarter
8,100
Year
30,200
Transcribed Image Text:The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year Units to be produced 1st Quarter 8,400 2nd Quarter 6,500 3rd Quarter 4th Quarter 7,200 8,100 Each unit requires 0.65 direct labor-hours, and direct laborers are paid $12.00 per hour Required: 1. Prepare the company's direct labor budget for the upcoming fiscal year Note: Round "Direct labor time per unit (hours)" answers to 2 decimal places. Required production in units Direct labor time per unit (hours) Total direct labor-hours needed Direct labor cost per hour Total direct labor cost Rordan Corporation. Direct Labor Budget 2nd Quarter 6,500 1st Quarter 8,400 3rd Quarter 7,200 4th Quarter 8,100 Year 30,200
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