Barnes Manufacturing Co. forecast October sales to be 45,000 units. Additional information follows: Finished goods inventory, October 1. 5,000 units Finished goods inventory desired, October 31 4,000 units Direct labor hours required in production: Department Hours per Unit Cuting 0.25 Assembly 0.50 Direct laborers earn: Cutting, $14 per hour; Assembly, $12 per hour. Prepare the following: a. A production budget for October. b. A direct labor budget for October.

Barnes Manufacturing Co. forecast October sales to be 45,000 units. Additional information follows: Finished goods inventory, October 1. 5,000 units Finished goods inventory desired, October 31 4,000 units Direct labor hours required in production: Department Hours per Unit Cuting 0.25 Assembly 0.50 Direct laborers earn: Cutting, $14 per hour; Assembly, $12 per hour. Prepare the following: a. A production budget for October. b. A direct labor budget for October.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 3E: Barnes Manufacturing Co. forecast October sales to be 45,000 units. Additional information follows:...

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