The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st Quarter Units to be produced 11,200 2nd Quarter 8,500 3rd Quarter 8,600 4th Quarter 10,900 Each unit requires 0.55 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. Assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. 2. Prepare the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. Instead, assume that the company's direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 5,900 hours of work each quarter. If the number of required direct labor- hours is less than this number, the workers are paid for 5,900 hours anyway. Any hours worked in excess of 5,900 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor. Complete this question by entering your answers in the tabs below. Required Required 1 2 Prepare the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. Instead, assume that the company's direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 5,900 hours of work each quarter. If the number of required direct labor-hours is less than this number, the workers are paid for 5,900 hours anyway. Any hours worked in excess of 5,900 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor. (Round "Direct labor time per unit (hours)" answers to 2 decimal places.) Show lessA Rordan Corporation Direct Labor Budget 4th Quarter Quarter Quarter 2nd 3rd 1st Quarter Year Required production in units Direct labor time per unit (hours) Total direct labor-hours Ineeded Regular hours Overtime hours Wages for regular hours Overtime wages Total direct labor cost $ 0 $ 0 $ O $ 0 $

The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st Quarter Units to be produced 11,200 2nd Quarter 8,500 3rd Quarter 8,600 4th Quarter 10,900 Each unit requires 0.55 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. Assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. 2. Prepare the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. Instead, assume that the company's direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 5,900 hours of work each quarter. If the number of required direct labor- hours is less than this number, the workers are paid for 5,900 hours anyway. Any hours worked in excess of 5,900 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor. Complete this question by entering your answers in the tabs below. Required Required 1 2 Prepare the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. Instead, assume that the company's direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 5,900 hours of work each quarter. If the number of required direct labor-hours is less than this number, the workers are paid for 5,900 hours anyway. Any hours worked in excess of 5,900 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor. (Round "Direct labor time per unit (hours)" answers to 2 decimal places.) Show lessA Rordan Corporation Direct Labor Budget 4th Quarter Quarter Quarter 2nd 3rd 1st Quarter Year Required production in units Direct labor time per unit (hours) Total direct labor-hours Ineeded Regular hours Overtime hours Wages for regular hours Overtime wages Total direct labor cost $ 0 $ 0 $ O $ 0 $

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 7EB: A company estimates its manufacturing overhead will be $840,000 for the next year. What is the...

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The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year:

	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter
Units to be produced	11,200	8,500	8,600	10,900

Each unit requires 0.55 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. Assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

2. Prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. Instead, assume that the company’s direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 5,900 hours of work each quarter. If the number of required direct labor-hours is less than this number, the workers are paid for 5,900 hours anyway. Any hours worked in excess of 5,900 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.

The production manager of Rordan Corporation has submitted the following quarterly production forecast for the
upcoming fiscal year:
2nd
Quarter Quarter
8,500
4th
Quarter
10,900
1st
3rd
Quarter
8,600
Units to be produced 11,200
Each unit requires 0.55 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. Assume that the direct labor workforce is
adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
2. Prepare the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is
not adjusted each quarter. Instead, assume that the company's direct labor workforce consists of permanent employees
who are guaranteed to be paid for at least 5,900 hours of work each quarter. If the number of required direct labor-
hours is less than this number, the workers are paid for 5,900 hours anyway. Any hours worked in excess of 5,900
hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.
Complete this question by entering your answers in the tabs below.
Required Required
1
2
Prepare the company's direct labor budget for the upcoming fiscal year, assuming that the
direct labor workforce is not adjusted each quarter. Instead, assume that the company's
direct labor workforce consists of permanent employees who are guaranteed to be paid for
at least 5,900 hours of work each quarter. If the number of required direct labor-hours is
less than this number, the workers are paid for 5,900 hours anyway. Any hours worked in
excess of 5,900 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate
for direct labor. (Round "Direct labor time per unit (hours)" answers to 2 decimal places.)
Show lessA
Rordan Corporation
Direct Labor Budget
2nd
Quarter Quarter Quarter
3rd
4th
1st Quarter
Year
Required production in units
Direct labor time per unit
|(hours)
Total direct labor-hours
needed
Regular hours
Overtime hours
Wages for regular hours
Overtime wages
Total direct labor cost
$
0 $
0 $
0 $
0 $

The production manager of Rordan Corporation has submitted the following quarterly production forecast for the
upcoming fiscal year:
4th
Quarter Quarter Quarter Quarter
10,900
1st
2nd
3rd
Units to be produced 11,200
8,500
8,600
Each unit requires 0.55 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. Assume that the direct labor workforce is
adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
2. Prepare the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is
not adjusted each quarter. Instead, assume that the company's direct labor workforce consists of permanent employees
who are guaranteed to be paid for at least 5,900 hours of work each quarter. If the number of required direct labor-
hours is less than this number, the workers are paid for 5,900 hours anyway. Any hours worked in excess of 5,900
hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.
Complete this question by entering your answers in the tabs below.
Required Required
1
2
Prepare the company's direct labor budget for the upcoming fiscal year. Assume that the
direct labor workforce is adjusted each quarter to match the number of hours required to
produce the forecasted number of units produced. (Round "Direct labor time per unit
(hours)" answers to 2 decimal places.)
Rordan Corporation
Direct Labor Budget
1st
Quarter Quarter Quarter Quarter
2nd
3rd
4th
Year
Required production in
units
Direct labor time per unit
|(hours)
Total direct labor-hours
needed
Direct labor cost per hour
Total direct labor cost

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