The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st Quarter 10,600 2nd Quarter 3rd Quarter 4th Quarter 8,000 8,300 10,600 Units to be produced Each unit requires 0.25 direct labor-hours, and direct laborers are paid $16.00 per hour. Required: 1. Prepare the company's direct labor budget for the upcoming fiscal year. (Round "Direct labor time per unit (hours)" answers to 2 decimal places.) 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 1st Quarter 3rd Quarter 4th Quarter Year

Q: Explain what is involved in "social pre- conditions for take-off."

A: The second stage of Rostow's Theory of Social Change is the social prerequisites for take-off.

Q: compensation in commodatum.

A: Commodatum is nothing but a roman law which states that commodatum is an agreement which is a type…

Q: Investigate the concept of breakeven volume and explain the characteristics drive of BEV.

A: Break even volume is that volume of sales at which there is no profit or loss to the firm.

Q: Define Raw materials.

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Q: Define acid-test ratio.

A: Ratio analysis: The analysis of a company using the financial ratios and comparing its trends and…

Q: How do you calvulate the percentage?

A: Financial statements includes income statement, balance sheet, and cash flow statement. These…

Q: Over absorption overhead occurs when ?

A: Over absorption :- Over Absorption means the actual Expenditure incurred lower then expected. For…

Q: mological services divided?

A: General Ophthalmological ServicesThere are two levels of general ophthalmologic services,…

Q: How to determine FLEV and Spread and the noncontrolling intrest ratio.

A: Financial Leverage (FLEV): Financial Leverage is a financial ratio that represents the relationship…

Q: What is meant by the term antidilution? Give an example.

A: An increase in the earnings per share refers to anti-dilution. This results on account of the…

Q: What’s the primary difference between the MIRR and the regular IRR?

A: It refers to the rate of return that is computed by the company to make a decision of selection of a…

Q: Distinguish between normal and abnormal losses and explain.

A: Definition:Normal Loss: Loss due to the inherent nature of processes and raw materials.Abnormal…

Q: What is the purpose of physical contols

A: Physical controls are basically to safeguard the assets of the entity which are highly valuable. It…

Q: How does the change in the PBO occur?

A: Projected Benefit Obligation:   It is a pension concept in accounting as it is the present value of…

Q: Define sacrificing ratio.

A: Definition of Sacrificing Ratio:Sacrificing ratio is the ratio where the old partner give their…

Q: What is Mark-up chain?

A: Introduction: Markup is generally shown as a percentage of the cost or the sale price. The term…

Q: Explain the term REVERSE STARKER?

A: The starker exchange is a kind of exchange in which the swapping of assets and business takes place.…

Q: Distinguish between Lifeblood Theory and Necessity Theory.

A: Lifeblood theory is the importance of taxation. It states that why it is important for the…

Q: Examples of varaible cost

A: Variable costs are those costs which changes along with change in level of activity. As production…

Q: why to conduct feasivility study

A: Forecasting by financial analysts assists management in determining appropriate ways to attain the…

Q: Give an example of a preventive control.

A:

Q: What is a Control Deficiency?

A:

Q: What are the categories of processing controls?

A: Internal Control:   It is a process of assuring the effectiveness and efficiency of the objectives…

Q: Describe the effects of using direct and indirect material.

A: Direct materials are required directly in the production process like wood required to make…

Q: How do you know to select the correct incoterm?

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Q: Distinguish between testate and intestate.

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Q: What is a sweep?

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Q: What is immunized?

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Q: What do you mean by roll-forward procedure and rollover method? Difference between roll-forward…

A: Roll Forward Procedure The roll-forward process means checks that will be carried out in the…

Q: What are the Effects of Prepayment Illustrated?

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Q: How to find diluted EPS?

A: When calculating diluted earnings per share (EPS), the possibility of dilution due to conversion of…

Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making. 

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.