The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 8,000 6,500 7,000 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.) Direct labor time per unit (hours) Total direct labor-hours needed Direct labor cost per hour Total direct labor cost 1st Quarter Rordan Corporation Direct Labor Budget 2nd Quarter 3rd Quarter 4th Quarter Year

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year:

The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year:
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
8,000
6,500
Units to be produced
7,000
7,500
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.)
Direct labor time per unit (hours)
Total direct labor-hours needed
Direct labor cost per hour
Total direct labor cost
1st Quarter
Rordan Corporation
Direct Labor Budget
2nd Quarter
3rd Quarter 4th Quarter
Year
Transcribed Image Text:The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 8,000 6,500 Units to be produced 7,000 7,500 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.) Direct labor time per unit (hours) Total direct labor-hours needed Direct labor cost per hour Total direct labor cost 1st Quarter Rordan Corporation Direct Labor Budget 2nd Quarter 3rd Quarter 4th Quarter Year
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