The production manager of Rordan Corporation prepared the following quarterly production forecast for next year: 2nd Quarter 3rd Quarter 4th Quarter 8,000 8,200 10,500 Each unit requires 0.35 direct labor-hour, and direct laborers are paid $14.00 per hour. Units to be produced 1st Quarter 10,400 Required: 1. Prepare a direct labor budget for next 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 1st Quarter Rordan Corporation Direct Labor Budget ( 2nd Quarter 3rd Quarter 4th Quarter Year
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.
Domestic
![The production manager of Rordan Corporation prepared the following quarterly production forecast for next year:
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
8,000
8,200
10,500
Units to be produced
10,400
Each unit requires 0.35 direct labor-hour, and direct laborers are paid $14.00 per hour.
Required:
1. Prepare a direct labor budget for next 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
1st Quarter
Rordan Corporation
Direct Labor Budgot
2nd Quarter
3rd Quarter
4th Quarter
Year](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F58b31066-fea7-4a56-ab3e-102759da6c84%2F04c0efe6-f98a-4b4b-8dd2-0adaea67e10f%2Fa7zsfjhj_processed.jpeg&w=3840&q=75)
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