Rip Court Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for March for the two rackets is as follows:   Junior Pro Striker Production budget 6,900 units 22,300 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 0.4 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 $14 per hour Assembly Department $11 per hour Prepare the direct labor cost budget for March. Rip Court Racket CompanyDirect Labor Cost BudgetFor the Month Ending March 31   Forming Department Assembly Department Hours required for production:     Junior fill in the blank 1 fill in the blank 2 Pro Striker fill in the blank 3 fill in the blank 4 Total hours required fill in the blank 5 fill in the blank 6 Hourly rate x$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

Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes. Factory administration The Production Department planned to work 4,200 labor-hours in March; however, it actually worked 4,000 labor-hours during the month. Its actual costs incurred in March are listed below: Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Cost Formulas $16.20g $4,200+ $1.50g $5,700+ $0.60g $1,500+ $0.10g $18,300+ $2.60g $8,600 $2,500 $13,300+ $0.90g Actual Cost Incurred in March $ 66,360 $ 9,680 $ 8,610 $ 2,130 $ 28,700 $ 9,000 $ 2,500 $ 16,310 Required: 1. Prepare the Production…

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.

Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs: Direct materials $1.65 Direct labor 0.60 Variable overhead 0.80 Fixed overhead 1.90     Total unit cost $4.95 For the coming year, Play-Disc expects to make 330,000 plastic discs, and to sell 311,000 of them. Budgeted beginning inventory in units is 16,000 with unit cost of $4.95. (There are no beginning or ending inventories of work in process.) Required: Question Content Area 1. Prepare an ending finished goods inventory budget for Play-Disc for the coming year. If required, round your answers to the nearest cent. Play-DiscEnding Finished Goods Inventory BudgetFor the Coming Year Unit costs:     $- Select -   - Select - Overhead:     - Select -   - Select - Total cost per unit $fill in the blank 04d2fcfb606b005_9 Total ending inventory cost $fill in the blank 04d2fcfb606b005_10   Question Content Area 2. What…

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.

Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs: Direct materials $1.65 Direct labor 0.50 Variable overhead 0.75 Fixed overhead 1.90     Total unit cost $4.80 For the coming year, Play-Disc expects to make 380,000 plastic discs, and to sell 369,000 of them. Budgeted beginning inventory in units is 20,000 with unit cost of $4.80. (There are no beginning or ending inventories of work in process.) Required: 1. Prepare an ending finished goods inventory budget for Play-Disc for the coming year. If required, round your answers to the nearest cent. Play-DiscEnding Finished Goods Inventory BudgetFor the Coming Year Unit costs:   Direct materials  $______ Direct labor _____ Overhead: _____ Budgeted variable overhead ______ Budgeted fixed overhead  ______ Total cost per unit $______ Total ending inventory cost $_____   2. What if sales increased to 379,000 discs? How would that…

Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Its Production Department's planning budget and flexible budget are based on the following formulas, where q is the number of labor-hours worked in a month: Direct labor Indirect labor Utilities Cost Formulas $16.60q $4,300 +$1.60q $5,700 +$0.40q Supplies $1,200 + $0.20q Equipment depreciation Factory rent $18,600 + $2.80q $8,400 $2,500 Property taxes Factory administration $13,100 +$0.50q The Production Department planned to work 4,500 labor-hours in March; however, it actually worked 4,300 labor-hours during the month. Its actual costs incurred in March are listed below: Actual Cost Incurred in March $ 73,020 Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Required: $ 10,680 $ 7,890 $ 2,310 $ 30,640 $ 8,800 $ 2,500 $ 14,580 1. Prepare the Production Department's planning budget for the month. 2. Prepare the Production…

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