The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st Quarter 8,000 2nd Quarter 6,500 3rd Quarter 7,000 4th Quarter 7,500 Units to be produced Each unit requires 0.35 direct labor-hours, and direct laborers are paid $15.00 per hour. Required: 1. Prepare the company's direct labor budget for the upcoming fiscal year. (Round "Direct labor time per unit (hours)" answers to 2 decimal places.) Rordan Corporation Direct Labor Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Required production in units 8,000 6,500 7,000 7,500 29,000 0.35 0.35 2,275 Direct labor time per unit (hours) 0.35 0.35 0.35 Total direct labor-hours needed 2,800 2,450 2,625 10,150 Direct labor cost per hour Total direct labor cost

The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st Quarter 8,000 2nd Quarter 6,500 3rd Quarter 7,000 4th Quarter 7,500 Units to be produced Each unit requires 0.35 direct labor-hours, and direct laborers are paid $15.00 per hour. Required: 1. Prepare the company's direct labor budget for the upcoming fiscal year. (Round "Direct labor time per unit (hours)" answers to 2 decimal places.) Rordan Corporation Direct Labor Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Required production in units 8,000 6,500 7,000 7,500 29,000 0.35 0.35 2,275 Direct labor time per unit (hours) 0.35 0.35 0.35 Total direct labor-hours needed 2,800 2,450 2,625 10,150 Direct labor cost per hour Total direct labor cost

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 7EA: A company estimates its manufacturing overhead will be $750,000 for the next year. What is the...

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