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Production and direct labor cost budgets Levi Strauss & Co. manufactures slacks and jeans under a variety of brand names, such as Dockers® and 501 Jeans®. Slacks and jeans are assembled by a variety of different sewing operations. Assume that the sales budget for Dockers and 501 Jeans shows estimated sales of 23,600 and 53,100 pairs, respectively, for May. The finished goods inventory is assumed as follows: May 1 estimated inventory May 31 desired inventory Inseam Outerseam Pockets Zipper Total Assume the following direct labor data per 10 pairs of Dockers and 501 Jeans for four different sewing operations: Direct Labor per 10 Pairs 501 Jeans Dockers 18 minutes 20 6 12 Dockers 670 420 56 minutes 501 Jeans 1,660 1,860 14 9 6 9 minutes 38 minutes a. Prepare a production budget for May. Prepare the budget in two columns: Dockers® and 501 Jeans®. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Production and direct labor cost budgets Levi Strauss & Co. manufactures slacks and jeans under a variety of brand names, such as Dockers® and 501 Jeans®. Slacks and jeans are assembled by a variety of different sewing operations. Assume that the sales budget for Dockers and 501 Jeans shows estimated sales of 23,600 and 53,100 pairs, respectively, for May. The finished goods inventory is assumed as follows: May 1 estimated inventory May 31 desired inventory Inseam Outerseam Pockets Zipper Total Assume the following direct labor data per 10 pairs of Dockers and 501 Jeans for four different sewing operations: Direct Labor per 10 Pairs 501 Jeans Dockers 18 minutes 20 6 12 Dockers 670 420 56 minutes 501 Jeans 1,660 1,860 14 9 6 9 minutes 38 minutes a. Prepare a production budget for May. Prepare the budget in two columns: Dockers® and 501 Jeans®. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter8: Budgeting
Section: Chapter Questions
Problem 13E
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Levi Strauss & Co. Production Budget For the Month Ending May 31 (assumed data) Line Item Description Dockers® 501 Jeans® Expected units to be sold Total units available Total units to be produced b. Prepare the May direct labor cost budget for the four sewing operations, assuming a $13 wage per hour for the inseam and outerseam sewing operations and a $15 wage per hour for the pocket and zipper sewing operations. Prepare the direct labor cost budget in four columns: inseam, outerseam, pockets, and zipper. Levi Strauss & Co. Direct Labor Cost Budget For the Month Ending May 31 (assumed data) Inseam Outerseam Line Item Description Dockers Ⓡ 501 Jeans Ⓡ Total minutes Total direct labor hours. Direct labor rate Total direct labor cost x $ Pockets Zipper x $ X $ Total
Transcribed Image Text:Levi Strauss & Co. Production Budget For the Month Ending May 31 (assumed data) Line Item Description Dockers® 501 Jeans® Expected units to be sold Total units available Total units to be produced b. Prepare the May direct labor cost budget for the four sewing operations, assuming a $13 wage per hour for the inseam and outerseam sewing operations and a $15 wage per hour for the pocket and zipper sewing operations. Prepare the direct labor cost budget in four columns: inseam, outerseam, pockets, and zipper. Levi Strauss & Co. Direct Labor Cost Budget For the Month Ending May 31 (assumed data) Inseam Outerseam Line Item Description Dockers Ⓡ 501 Jeans Ⓡ Total minutes Total direct labor hours. Direct labor rate Total direct labor cost x $ Pockets Zipper x $ X $ Total
Production and direct labor cost budgets Levi Strauss & Co. manufactures slacks and jeans under a variety of brand names, such as Dockers® and 501 Jeans®. Slacks and jeans are assembled by a variety of different sewing operations. Assume that the sales budget for Dockers and 501 Jeans shows estimated sales of 23,600 and 53,100 pairs, respectively, for May. The finished goods inventory is assumed as follows: May 1 estimated inventory May 31 desired inventory Inseam Outerseam Pockets Zipper Total Assume the following direct labor data per 10 pairs of Dockers and 501 Jeans for four different sewing operations: Direct Labor per 10 Pairs 501 Jeans Dockers Dockers 670 420 18 minutes 20 6 12 56 minutes 501 Jeans 14 1,660 1,860 9 minutes 9 6 38 minutes a. Prepare a production budget for May. Prepare the budget in two columns: Dockers® and 501 Jeans®. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Transcribed Image Text:Production and direct labor cost budgets Levi Strauss & Co. manufactures slacks and jeans under a variety of brand names, such as Dockers® and 501 Jeans®. Slacks and jeans are assembled by a variety of different sewing operations. Assume that the sales budget for Dockers and 501 Jeans shows estimated sales of 23,600 and 53,100 pairs, respectively, for May. The finished goods inventory is assumed as follows: May 1 estimated inventory May 31 desired inventory Inseam Outerseam Pockets Zipper Total Assume the following direct labor data per 10 pairs of Dockers and 501 Jeans for four different sewing operations: Direct Labor per 10 Pairs 501 Jeans Dockers Dockers 670 420 18 minutes 20 6 12 56 minutes 501 Jeans 14 1,660 1,860 9 minutes 9 6 38 minutes a. Prepare a production budget for May. Prepare the budget in two columns: Dockers® and 501 Jeans®. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
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