The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal yearUnits to be produced1st Quarter 2nd Quarter 3rd Quarter 4th Quarter10,8008,5007,10011,200Each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 per hourRequired:1. Prepare the company's direct labor budget for the upcoming fiscal yearNote: Round "Direct labor time per unit (hours)" answers to 2 decimal places.Direct labor time per unit (hours)Total direct labor-hours neededDirect labor cost per hourTotal direct labor costRordan CorporationDirect Labor Budget2nd Quarter1st Quarter3rd Quarter4th QuarterYear

Name: The production manager of Rordan Corporation has submitted the follow
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Description: The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal yearUnits to be produced1st Quarter 2nd Quarter 3rd Quarter 4th Quarter10,8008,5007,10011,200Each unit requires 0.25 direc

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The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal yea 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 10,800 11,200 Units to be produced 8,500 7,100 Each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 per hour Required:

The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal yea 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 10,800 11,200 Units to be produced 8,500 7,100 Each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 per hour Required:

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

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Concept explainers

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.

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Question

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
10,800
8,500
7,100
11,200
Each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 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.
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

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