Question

LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires...

LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 4.4 hours of direct labor at the rate of $15.00 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June.

The company plans to sell 25,000 units of Product WZ in June. The finished goods inventories on June 1 and June 30 are budgeted to be 470 and 50 units, respectively. Budgeted direct labor costs for June would be:

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1
LBC Corporation
Sales Budget
June
Budgeted Unit Sales 25000
Schedule of Production Budget
April
Budgeted Unit Sales=(A) 25000
Add: Desired ending inventory=(B) 50
Total Needs=(C )=(A)+(B) 25050
Less: Beginning Inventory=(D) 470
Required Production=(C )-(D ) 24580
LBC Corporation
Schedule of Direct Labor Budget
April
Required Production=(A) 24580
Direct Labor hours per unit=(B) 4.4
Total Direct Labor hours needed =(C )=(A)*(B) 108152
Direct Labor cost per hours=(D) $               15.00
Total direct labor cost=(C )*(D) $ 16,22,280.00
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires...
LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 2.6 hours of direct labor at the rate of $22.00 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June. The company plans to sell 45,000 units of Product WZ in June. The finished goods inventories on June 1 and June 30 are budgeted to be 570 and 130 units, respectively. Budgeted direct labor costs for June would be:
LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires...
LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 3.5 hours of direct labor at the rate of $14.50 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June. The company plans to sell 39,000 units of Product WZ in June. The finished goods inventories on June 1 and June 30 are budgeted to be 200 and 100 units, respectively. Budgeted direct labor costs for June would be:
LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires...
LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 5 hours of direct labor at the rate of $10 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June. The company plans to sell 40,000 units of Product WZ in June. The finished goods inventories on June 1 and June 30 are budgeted to be 200 and 100 units, respectively. Budgeted direct labor costs for June would be:...
LaFontaine Hockey Products Corporation makes and sells a product called the glow puck. Each glow puck...
LaFontaine Hockey Products Corporation makes and sells a product called the glow puck. Each glow puck unit produced requires 4.3 hours of direct labor at the rate of $22.00 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June. The company plans to sell 26,000 units of glow pucks in June. The finished goods inventories on June 1 and June 30 are budgeted to be 480 and 60 units, respectively. Required. Calculate the total budgeted...
The Yost Company makes and sells a single product, Product A. Each unit of Product A...
The Yost Company makes and sells a single product, Product A. Each unit of Product A requires 1.2 hours of labor at a labor rate of 8.40 per hour. Yost Company needs to prepare a Direct Labor Budget for the second quarter. 1.  If the budgeted direct labor cost for May is $161,280, then the budgeted production of Product A for May would be: A. 16,000 units B. 19,200 units C. 23,040  units D. 16,800 units 2.  The budgeted direct labor cost per...
Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 9.5 kilograms of...
Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 9.5 kilograms of the raw material Jurislon. Budgeted production of Miniwarps for the next five months is as follows: August 24,200 units September 22,900 units October 24,300 units November 25,500 units December 25,200 units The company wants to maintain monthly ending inventories of Jurislon equal to 20% of the following month's production needs. On July 31, this requirement was not met since only 12,400 kilograms of Jurislon...
Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 6.5 kilograms of...
Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 6.5 kilograms of the raw material Jurislon. Budgeted production of Miniwarps for the next five months is as follows: August 23,000 units September 21,700 units October 23,100 units November 24,300 units December 24,000 units The company wants to maintain monthly ending inventories of Jurislon equal to 20% of the following month's production needs. On July 31, this requirement was not met since only 11,200 kilograms of Jurislon...
Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 9.5 kilograms of...
Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 9.5 kilograms of the raw material Jurislon. Budgeted production of Miniwarps for the next five months is as follows: August 24,200 units September 22,900 units October 24,300 units November 25,500 units December 25,200 units The company wants to maintain monthly ending inventories of Jurislon equal to 20% of the following month's production needs. On July 31, this requirement was not met since only 12,400 kilograms of Jurislon...
6) DeGrom Corporation produces and sells Product “Mr. Met”. To guard against stockouts, the company requires...
6) DeGrom Corporation produces and sells Product “Mr. Met”. To guard against stockouts, the company requires that 25% of the next month's sales be on hand at the end of each month. Budgeted sales of Product “Mr. Met” over the next four months are: June July August September Budgeted sales in units 40,000 70,000 50,000 80,000 Budgeted production for August would be: A) 57,500 units B) 107,000 units C) 70,000 units D) 80,000 units 7) On November 1, Brady Corporation...
ABC Company makes and sells a single product. It requires 4 pounds of direct materials to...
ABC Company makes and sells a single product. It requires 4 pounds of direct materials to produce one unit of this product. Budgeted units to be produced for the next four months is given below: Budgeted Units to be Produced July ?????? units August 17,000 units September 44,000 units October 28,000 units The company wants to maintain monthly ending inventories of direct materials equal to 28% of the next month's production needs. The cost of direct materials is $3.25 per...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT