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Sheffield Corp. is planning to produce 600 composting bins and sell 580 composting bins during March. Each composting bin requires 500 grams of plastic and one-half hour of direct labor. Plastic costs $12 per 500 grams and employees of the company are paid $20 per hour. Manufacturing overhead is applied at a rate of 120% of direct labor costs. Sheffield has 400 kilos of plastic in beginning direct materials inventory and wants to have 400 kilos in ending direct materials inventory. What is total amount budgeted for direct labor in March? O $144000 O $6000 $8000 O $16000

Sheffield Corp. is planning to produce 600 composting bins and sell 580 composting bins during March. Each composting bin requires 500 grams of plastic and one-half hour of direct labor. Plastic costs $12 per 500 grams and employees of the company are paid $20 per hour. Manufacturing overhead is applied at a rate of 120% of direct labor costs. Sheffield has 400 kilos of plastic in beginning direct materials inventory and wants to have 400 kilos in ending direct materials inventory. What is total amount budgeted for direct labor in March? O $144000 O $6000 $8000 O $16000

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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Sheffield Corp. is planning to produce 600 composting bins and sell 580 composting bins during March. Each composting bin requires 500 grams of plastic and one-half hour of direct labor. Plastic costs $12 per 500 grams and employees of the company are paid $20 per hour. Manufacturing overhead is applied at a rate of 120% of direct labor costs. Sheffield has 400 kilos of plastic in beginning direct materials inventory and wants to have 400 kilos in ending direct materials inventory. What is total amount budgeted for direct labor in March? O $144000 O $6000 $8000 O $16000
Transcribed Image Text:Sheffield Corp. is planning to produce 600 composting bins and sell 580 composting bins during March. Each composting bin requires 500 grams of plastic and one-half hour of direct labor. Plastic costs $12 per 500 grams and employees of the company are paid $20 per hour. Manufacturing overhead is applied at a rate of 120% of direct labor costs. Sheffield has 400 kilos of plastic in beginning direct materials inventory and wants to have 400 kilos in ending direct materials inventory. What is total amount budgeted for direct labor in March? O $144000 O $6000 $8000 O $16000
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