Knowledge Check 03William Corporation has a contract with the labor union which guarantees its workers pay for at least 40,000 hours everyquarter. Based on its direct labor budget for the current year, the company estimated It will need 39,000 direct labor-hoursduring the fourth quarter to produce 13.000 units of finished goods. Each unit requires 3 direct labor-hours (DLHs) and thecost of direct labor per hour is $12 per hour. What is the total direct labor cost for the fourth quarter?O $432,000O $468,000O $480,000O $540,000

The objective of this question is to calculate the total direct labor cost for the fourth quarter…

Answered: Knowledge Check 03 William Corporation…

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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Lakeside Bakery makes pies. Each pie requires 1/2 of a direct labor hour. The variable overhead rate is S0.50 per direct labor hour. Lakeside's estimated fixed overhead is $425,000. Lakeside budgets pie production at 600,000 pies for the upcoming year. What is Lakeside's total estimated overhead? $625,000 $420,000 $635,000 $425,000 O $845,000
1. Golf Corporation estimates that its production for the coming year will be 25,000 units, which is 90% of normal capacity, with the following units costs: Materials P50 Direct labor 90 Direct labor is paid at the rate of P25 per hour. The machine should be run 20 minutes to produce one unit. Total estimated overhead is expected to consist of P900,000 for variable overhead and P900,000 for fixed overhead. g. What is the predetermined overhead rate base on material cost using the normal capacity level? h. What is the overhead rate base on machine hours using the normal capacity activity level?
Blue Spruce Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Blue Spruce. Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead (a) Total budgeted costs Compute the rate charged per hour of labor. Time Charges $202,800 Labor rate $ 39,000 7,800 $249,600 The company desires a $39 profit margin per hour of labor and a 28% profit margin on parts. It has budgeted for 7,800 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2022 will be $416,000. Material Loading Charges per hour $39,300 14,780 29,120 $83,200
21. Empresas Tu Pan produces and sells 1,000,000 pounds of bread monthly. Its variable costs are $ 0.50, this includes $ 0.10 of commissions to sellers. Other variable administrative costs total $ 0.15. Your fixed costs per unit produced are $ 0.25 per month and $ 50,000 for administrative expenses per month. The annual fixed cost of this company will be:
Answer all the parts otherwise don't solve it. Accounting This is the budget for the year ended 30 April 2021 for company XTZ Total production & sales = 2400units Selling price per unit = $1200 Variable manufacturing costs : Direct labour = $192 ; Direct material = $288 ; Overheads = $96 Fixed manufacture overheads = $216,960 Other : Fixed marketing & admin cost = $144,000 Sales commission = 5% 4) If the company earns a net profit of $298,920 ; How many units were sold 5) If expected sales volume is 2400units, what is the sales price per unit which will allow the company to break even?
7
Current Attempt in Progress Each production worker can produce 6 wooden chairs per hour. During the month of June, Vaughn, Inc. has forecasted sales of 109000 chairs. The beginning inventory was 980 chairs, and desired ending inventory is 2590 chairs. How many hours of direct labour must be budgeted to meet production needs? O 17898 O 18167 O 17572 O 18435

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