FINAL REVISION QUESTION 1. The production budget for Zink Company shows units to be produced as follows: July, 620%3; August, 680; September, 540. Each unit produced requires two hours of direct labor. The direct labor rate is currently $16 per hour but is predicted to be S16.75 per hour in September. Prepare a direct labor budget for the months July, August, and September.

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter8: Budgeting For Planning And Control
Section: Chapter Questions
Problem 13CE: Nashler Company has the following budgeted variable costs per unit produced: Budgeted fixed overhead...
icon
Related questions
Question
Please help me do excercise 1
Nro Pro
Find
Add
Tools
Document Faonte Tools
Pr at
FINAL REVISION
QUESTION 1.
The production budget for Zink Company shows units to be produced as follows: July, 620%;
August, 680; September, 540. Each unit produced requires two hours of direct labor. The
direct labor rate is currently $16 per hour but is predicted to be $16.75 per hour in Septembe
Prepare a direct labor budget for the months July, August, and September.
QUESTION 2.
Listed here are product costs for the production of soccer balls. Classify cach cost (a) as cither
fixed or variable and (b) as either direct or indirect.
Cost by Traceability
Indirect
Product Cost
Cost by Behavior
Variable
Fixed
Direct
1. Taxes on factory
2. Machine depreciation
3. Wages of assembly workers
4. Leather covers for soccer balls
5. Annual flat fee paid for office security
6. Wages of factory supervisors
144
1 OF 4
A DO
Transcribed Image Text:Nro Pro Find Add Tools Document Faonte Tools Pr at FINAL REVISION QUESTION 1. The production budget for Zink Company shows units to be produced as follows: July, 620%; August, 680; September, 540. Each unit produced requires two hours of direct labor. The direct labor rate is currently $16 per hour but is predicted to be $16.75 per hour in Septembe Prepare a direct labor budget for the months July, August, and September. QUESTION 2. Listed here are product costs for the production of soccer balls. Classify cach cost (a) as cither fixed or variable and (b) as either direct or indirect. Cost by Traceability Indirect Product Cost Cost by Behavior Variable Fixed Direct 1. Taxes on factory 2. Machine depreciation 3. Wages of assembly workers 4. Leather covers for soccer balls 5. Annual flat fee paid for office security 6. Wages of factory supervisors 144 1 OF 4 A DO
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Determination of Tax Liability
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning