FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The production manager of Rordan Corporation prepared the following quarterly production forecast for next year:
Units to be produced
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
12,000
9,000
7,200
11,300
Each unit requires 0.65 direct labor-hour, and direct laborers are paid $20.00 per hour.
Required:
1. Prepare a direct labor budget for next year.
Note: 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
Rordan Corporation
Direct Labor Budget
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Year
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Transcribed Image Text:The production manager of Rordan Corporation prepared the following quarterly production forecast for next year: Units to be produced 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 12,000 9,000 7,200 11,300 Each unit requires 0.65 direct labor-hour, and direct laborers are paid $20.00 per hour. Required: 1. Prepare a direct labor budget for next year. Note: 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 Rordan Corporation Direct Labor Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year
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