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Production and Direct Labor Cost Budgets Two-Leg Company manufactures slacks and jeans under a variety of brand names, such as Kickers and 101 Denims. Slacks and jeans are assembled by a variety of different sewing operations. Assume that the sales budget for Kickers and 101 Denims shows estimated sales of 15,430 and 32,760 pairs, respectively, for May. The finished goods inventory is assumed as follows: Kickers 101 Denims May 1 estimated inventory 690 920 May 31 desired inventory 260 1,160 Assume the following direct labor data per 10 pairs of Kickers and 101 Denims for four different sewing operations: Direct Labor per 10 Pairs Kickers 101 Denims Inseam 19 minutes 13 minutes Outerseam 23 16 Pockets

Production and Direct Labor Cost Budgets Two-Leg Company manufactures slacks and jeans under a variety of brand names, such as Kickers and 101 Denims. Slacks and jeans are assembled by a variety of different sewing operations. Assume that the sales budget for Kickers and 101 Denims shows estimated sales of 15,430 and 32,760 pairs, respectively, for May. The finished goods inventory is assumed as follows: Kickers 101 Denims May 1 estimated inventory 690 920 May 31 desired inventory 260 1,160 Assume the following direct labor data per 10 pairs of Kickers and 101 Denims for four different sewing operations: Direct Labor per 10 Pairs Kickers 101 Denims Inseam 19 minutes 13 minutes Outerseam 23 16 Pockets

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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: CengageNOWv2 | Online teachin x C Accounting question | Chegg.com x + A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false M Gmail YouTube Maps Blackboard HW #10 - Chpt 22 1 eBook E Print Item Production and Direct Labor Cost Budgets Two-Leg Company manufactures slacks and jeans under a variety of brand names, such as Kickers and 101 Denims. Slacks and jeans are assembled by a variety of different sewing operations. Assume that the sales budget for Kickers and 101 Denims shows estimated sales of 15,430 and 32,760 pairs, respectively, for May. The finished goods inventory is assumed as follows: Kickers 101 Denims May 1 estimated inventory 690 920 May 31 desired inventory 260 1,160 Assume the following direct labor data per 10 pairs of Kickers and 101 Denims for four different sewing operations: Direct Labor per 10 Pairs Kickers 101 Denims Inseam 19 minutes 13 minutes Outerseam 23 16 > Pockets 7 Zipper 11 7 Total 60 minutes 45 minutes a. Prepare a production budget for May. Two-Leg Company Production Budget May (assumed data) Kickers 101 Denims Expected units to be sold 58°F 11:54 PM W ^O ENG 全DD Clear 4/19/2022
Transcribed Image Text:: CengageNOWv2 | Online teachin x C Accounting question | Chegg.com x + A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false M Gmail YouTube Maps Blackboard HW #10 - Chpt 22 1 eBook E Print Item Production and Direct Labor Cost Budgets Two-Leg Company manufactures slacks and jeans under a variety of brand names, such as Kickers and 101 Denims. Slacks and jeans are assembled by a variety of different sewing operations. Assume that the sales budget for Kickers and 101 Denims shows estimated sales of 15,430 and 32,760 pairs, respectively, for May. The finished goods inventory is assumed as follows: Kickers 101 Denims May 1 estimated inventory 690 920 May 31 desired inventory 260 1,160 Assume the following direct labor data per 10 pairs of Kickers and 101 Denims for four different sewing operations: Direct Labor per 10 Pairs Kickers 101 Denims Inseam 19 minutes 13 minutes Outerseam 23 16 > Pockets 7 Zipper 11 7 Total 60 minutes 45 minutes a. Prepare a production budget for May. Two-Leg Company Production Budget May (assumed data) Kickers 101 Denims Expected units to be sold 58°F 11:54 PM W ^O ENG 全DD Clear 4/19/2022
* CengageNOWv2 | Online teachin x C Accounting question | Chegg.com x + A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false M Gmail O YouTube Maps Blackboard HW #10 - Chpt 22 eBook E Print Item Kıckers 101 Denims Expected units to be sold Total units Total units to be produced b. Prepare the May direct labor cost budget for the four sewing operations, assuming a $13 wage per hour for the inseam and outerseam sewing operations and a $18 wage per hour for the pocket and zipper sewing operations. Two-Leg Company Direct Labor Cost Budget May (assumed data) Inseam Outerseam Pockets Zipper Total > Hours required for production: Kickers 101 Denims Total minutes Convert minutes to hours Hourly rate Total direct labor cost 58°F 11:54 PM W A O ENG Clear 4/19/2022
Transcribed Image Text:* CengageNOWv2 | Online teachin x C Accounting question | Chegg.com x + A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false M Gmail O YouTube Maps Blackboard HW #10 - Chpt 22 eBook E Print Item Kıckers 101 Denims Expected units to be sold Total units Total units to be produced b. Prepare the May direct labor cost budget for the four sewing operations, assuming a $13 wage per hour for the inseam and outerseam sewing operations and a $18 wage per hour for the pocket and zipper sewing operations. Two-Leg Company Direct Labor Cost Budget May (assumed data) Inseam Outerseam Pockets Zipper Total > Hours required for production: Kickers 101 Denims Total minutes Convert minutes to hours Hourly rate Total direct labor cost 58°F 11:54 PM W A O ENG Clear 4/19/2022
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