Survey of Accounting (Accounting I)
Solutions
Survey of Accounting (Accounting I)
Direct labor cost budget
Donner Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for March for the two rackets is as follows:
Both rackets are produced in two departments. Forming and Assembly. The direct labor hours required for each racket are estimated as follows:
The direct labor rate for each department is as follows:
Prepare the direct labor cost budget for March.
Concept Introduction:
Budgets:
Budgets are prepared to estimate the revenue, costs, receipts and payments for the business. There are several types of budgets prepared for a business. Few major types of budgets prepared are as follows:
- Sales budget
- Cash Collection budget
- Production budget
- Raw material purchase budget
- Expenses Budgets
- Cash disbursement budget
To Prepare:
The Direct Labor Cost Budget for March
The Direct Labor Cost Budget for March is prepared as follows:
| Direct Labor Cost Budget | ||
| Forming Deptt. | Assembly Deptt | |
| Junior: | ||
| Production Budget units (A) | 18000 | 18000 |
| Hours Per unit (B) | 0.2 | 0.6 |
| Cost Per hour (C) | $ 21 | $ 16 |
| Labor Cost (D) =(A*B*C) | $ 75,600 | $ 172,800 |
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