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 18,200 units Production budget 8,200 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 0.25 hour per unit 0.40 hour per unit Pro Striker 0.35 hour per unit 0.60 hour per unit The direct labor rate for each department is as follows: Forming Department Assembly Department Prepare the direct labor cost budget for July. Hours required for production: Junior Pro Striker Total $15.00 per hour $10.00 per hour Hourly rate Total direct labor cost Ace Racket Company Direct Labor Cost Budget For the Month Ending July 31 Forming Department looo X$ Assembly Department 00000

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…

Single plantwide factory overhead rate Bach Instruments Inc. makes three musical instruments: flutes, clarinets, and oboes. The budgeted factory overhead cost is $105,000. Overhead is allocated to the three products on the basis of direct labor hours. The products have the following budgeted production volume and direct labor hours per unit:   Budgeted Production Volume Direct Labor Hours Per Unit Flutes 2,300 units 0.6     Clarinets 700   1.6     Oboes 1,000   1.0     If required, round all per unit answers to the nearest cent. a.  Determine the single plantwide overhead rate.$fill in the blank 1 per direct labor hour b.  Use the overhead rate in (a) to determine the amount of total and per-unit overhead allocated to each of the three products.   TotalFactory Overhead Cost Per UnitFactory Overhead Cost Flutes $fill in the blank 2 $fill in the blank 3 Clarinets    fill in the blank 4    fill in the blank 5 Oboes    fill in the blank 6    fill in the blank 7 Total…

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

Single plantwide factory overhead rate Platzer Instruments Inc. makes three musical instruments: flutes, clarinets, and oboes. The budgeted factory overhead cost is $104,040. Overhead is allocated to the three products on the basis of direct labor hours. The products have the following budgeted production volume and direct labor hours per unit: Instruments BudgetedProductionVolume Direct LaborHours Per Unit Flutes 2,300 units 0.5 Clarinets 400 1.6 Oboes 1,000 1.1   If required, round all per unit answers to the nearest cent. a.  Determine the single plantwide overhead rate.fill in the blank 1 of 1$ per direct labor hour b.  Use the overhead rate in (a) to determine the amount of total and per-unit overhead allocated to each of the three products, Instruments TotalFactory Overhead Cost Per UnitFactory Overhead Cost Flutes fill in the blank 1 of 7$ fill in the blank 2 of 7$ Clarinets    fill in the blank 3 of 7    fill in the blank 4 of 7 Oboes    fill in the blank 5…

Budget Performance Report Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles for the beverage industry. The cost standards per 100 two-liter bottles are as follows: Cost Category Standard Costper 100 Two-LiterBottles Direct labor   $1.12       Direct materials   5.12       Factory overhead   0.36         Total   $6.6       At the beginning of July, GBC management planned to produce 450,000 bottles. The actual number of bottles produced for July was 486,000 bottles. The actual costs for July of the current year were as follows: Cost Category Actual Cost for theMonth Ended July 31 Direct labor         $5,334         Direct materials         24,286         Factory overhead         1,767           Total         $31,387         Enter all amounts as positive numbers. a.  Prepare the July manufacturing standard cost budget (direct labor, direct materials, and factory overhead) for WBC, assuming planned production. Genie in a Bottle…

Apple manufacturing company produces a single standard product. The standard overhead cost budgets are K 100,000 for this month is 20,000 direct labour hours based on the production budget. The standard cost card for the product is as follows: Materials Direct Labour Factory overhead K 100.00 5 pieces @ K 10.00 = K 50.00 5 hours @ K 5.00 = K 25.00 5 hour @ K 5.00 = K 25.00 The following transactions occurred during the month of March 2007. (a) Direct materials purchased 3,000 pieces @ K 9.00. (b) Direct maerials requisition 1,900 pieces. (c) Actual direct labour costs 2,100 hours @ K 5.25 (d) Production completed during March 420 units. Required: Calculate the materials and labour variances.