Direct Labor Cost Budget Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July for the two rackets is as follows:   Junior Pro Striker Production budget 9,000 units 24,200 units Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows:   Forming Department Assembly Department Junior 0.2 hour per unit 0.5 hour per unit Pro Striker 0.35 hour per unit 0.65 hour per unit The direct labor rate for each department is as follows: Forming Department $18 per hour Assembly Department $9 per hour Prepare the direct labor cost budget for July. Ace Racket Company Direct Labor Cost Budget For the Month Ending July 31   Forming Department Assembly Department Hours required for production:     Junior fill in the blank 1 fill in the blank 2 Pro Striker fill in the blank 3 fill in the blank 4 Total fill in the blank 5 fill in the blank 6 Hourly rate x$fill in the blank 7 x$fill in the blank 8 Total direct labor cost $fill in the blank 9 $fill in the blank 10

Direct Materials and Direct Labor Veriances At the beginning of June, Bezco Toy Company budgeted 10,000 toy action figures to be manufactured in June et standard direct moterials and direct labor costs as follows: Direct materials $14,000 Direct labor 7,800 Total $21,800 The standard materials price is $0.40 per pound. The standard direct labor rate is s13.00 per hour. At the end of June, the actual direct materlals and direct labor costs were as follows: Actual direct materials $13,300 Actual direct labor 7,400 Total $20,700 There were no direct materiols price or direct labor rate varionces for June. In addition, assume no changes in the direct materials inventory balances in June. Bezco Toy Company actually produced 9,200 units during June. Determine the direct moteriois quantity and direct labor time variances. Round your per unit computations to two decimal places and round your answers to the nearest dollar, If required. Enter a favorabie variance as a negative number using a…

Hockey Pro budgets 410 hours of direct labor during May. The company applies variable overhead at the rate of $12 per direct labor hour. Budgeted fixed overhead equals $44,000 per month. Prepare a factory overhead budget for May. HOCKEY PRO Factory Overhead Budget Direct labor hours needed Budgeted variable overhead Budgeted total factory overhead May

At the beginning of April, Winslow Toy Company budgeted 19,000 toy action figures to be manufactured in April at standard direct materials and direct labor costs as follows: Line Item Description Amount Direct materials $23,750 Direct labor 9,880 Total $33,630 The standard materials price is $0.50 per pound. The standard direct labor rate is $13.00 per hour. At the end of April, the actual direct materials and direct labor costs were as follows: Line Item Description Amount Actual direct materials $21,800 Actual direct labor 9,100 Total $30,900 There were no direct materials price or direct labor rate variances for April. In addition, assume no changes in the direct materials inventory balances in April. Winslow Toy Company actually produced 16,900 units during April. Determine the direct materials quantity and direct labor time variances. Round your per unit computations to two decimal places and round your answers to the nearest dollar, if required. Enter a…

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Multiple Production Department Factory Overhead Rates The total factory overhead for Bardot Marine Company is budgeted for the year at $1,290,000, divided into two departments: Fabrication, $772,500, and Assembly, $517,500. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboats require three direct labor hours in Fabrication and two direct labor hours in Assembly. The bass boats require one direct labor hour in Fabrication and four direct labor hours in Assembly. Each product is budgeted for 7,500 units of production for the year. If required, round all per unit answers to the nearest cent. a. Determine the total number of budgeted direct labor hours for the year in each department. Fabrication direct labor hours Assembly direct labor hours b. Determine the departmental factory overhead rates for both departments. Fabrication per dlh Assembly per dlh c. Determine the factory overhead allocated per unit for each product using the department factory…

Black Company expects to produce 2,100 finished goods units in January and 2,010 finished goods units in February. Black budgets 7 direct labor hours per finished good unit. Direct labor costs averages $11 per hour. Black's budgeted cost of Direct Labor for February is O $124,300 O $142,630 O $154,770 O $139,200 O $161,420

Multiple production department factory overhead rates The total factory overhead for Cypress Marine Company is budgeted for the year at $567,500, divided into two Fabrication, $311,250, and Assembly, $256,250. Cypress Marine manufactures two types of boats: speedboats speedboats require two direct labor hours in Fabrication and three direct labor hours in Assembly. The bass boa labor hour in Fabrication and two direct labor hours in Assembly. Each product is budgeted for 5,000 units of pri If required, round all per unit answers to the nearest cent.

Domestic

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