Bundle: Managerial Accounting, Loose-leaf Version, 14th - Book Only
14th Edition
ISBN: 9781337541398
Author: Carl Warren; James M. Reeve; Jonathan Duchac
Publisher: Cengage Learning
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Chapter 7, Problem 12E
Direct labor cost budget
Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July 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 July.
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Direct Labor Cost Budget
Ace Racket Company manufactures two types of tennis
rackets, the Junior and Pro Striker models. The production
budget for July for the two rackets is as follows:
Pro Striker
Production budget
Both rackets are produced in two departments, Forming
and Assembly. The direct labor hours required for each
racket are estimated as follows:
Junior
Pro Striker
Forming Department
0.20 hour per unit
0.35 hour per unit
Forming Department
Assembly Department
Junior
7,300 units
The direct labor rate for each department is as follows:
$19.00 per hour
$8.00 per hour
Hours required for production:
Junior
Pro Striker
Total
Prepare the direct labor cost budget for July.
Ace Racket Company
Direct Labor Cost Budget
For the Month Ending July 31
Hourly rate
Total direct labor cost
24,200 units
Assembly Department
0.50 hour per unit
0.60 hour per unit
X$
Forming Department Assembly Department
x$
Direct Labor Cost Budget
Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July for the two rackets is as
follows:
Junior
Pro Striker
Production budget
6,800 units
21,400 units
Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows:
Forming Department
Assembly Department
Junior
0.20 hour per unit
0.40 hour per unit
0.30 hour per unit
Pro Striker
0.75 hour per unit
The direct labor rate for each department is as follows:
Forming Department
$20.00 per hour
Assembly Department
$10.00 per hour
Prepare the direct labor cost budget for July.
Ace Racket Company
Direct Labor Cost Budget
For the Month Ending July 31
Assembly Department
Forming Department
Hours required for production:
Junior
Pro Striker
Direct Labor Cost Budget
Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July for the two rackets is
as follows:
Pro Striker
23,400 units
Production budget
Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows:
Forming Department
Assembly Department
Junior
9,100 units
Junior
0.20 hour per unit
Pro Striker
0.30 hour per unit
The direct labor rate for each department is as follows:
Forming Department
Assembly Department
0.40 hour per unit
0.75 hour per unit
$17.00 per hour
$10.00 per hour
Chapter 7 Solutions
Bundle: Managerial Accounting, Loose-leaf Version, 14th - Book Only
Ch. 7 - Prob. 1DQCh. 7 - Briefly describe the type of human behavior...Ch. 7 - What behavioral problems are associated with...Ch. 7 - What behavioral problems are associated with...Ch. 7 - Under what circumstances would a static budget be...Ch. 7 - How do computerized budgeting systems aid firms in...Ch. 7 - Prob. 7DQCh. 7 - Why should the timing of direct materials...Ch. 7 - Prob. 9DQCh. 7 - Give an example of how the capital expenditures...
Ch. 7 - Prob. 1BECh. 7 - Prob. 2BECh. 7 - Prob. 3BECh. 7 - Prob. 4BECh. 7 - Prob. 5BECh. 7 - Cash budget Pasadena Candle Inc. pays 40% of its...Ch. 7 - Prob. 1ECh. 7 - Prob. 2ECh. 7 - Static budget versus flexible budget The...Ch. 7 - Prob. 4ECh. 7 - Prob. 5ECh. 7 - Sales and production budgets Sonic Inc....Ch. 7 - Prob. 7ECh. 7 - Prob. 8ECh. 7 - Prob. 9ECh. 7 - Prob. 10ECh. 7 - Prob. 11ECh. 7 - Direct labor cost budget Ace Racket Company...Ch. 7 - Prob. 13ECh. 7 - Factory overhead cost budget Sweet Tooth Candy...Ch. 7 - Cost of goods sold budget Delaware Chemical...Ch. 7 - Prob. 16ECh. 7 - Prob. 17ECh. 7 - Prob. 18ECh. 7 - Schedule of cash payments for service company...Ch. 7 - Prob. 20ECh. 7 - Capital expenditures budget On January 1, 20Y6,...Ch. 7 - Prob. 1PACh. 7 - Sales, production, direct materials purchases, and...Ch. 7 - Prob. 3PACh. 7 - Cash budget The controller of Bridgeport...Ch. 7 - Budgeted income statement and balance sheet As a...Ch. 7 - Prob. 1PBCh. 7 - Sales, production, direct materials purchases, and...Ch. 7 - Budgeted income statement and supporting budgets...Ch. 7 - Cash budget The controller of Mercury Shoes Inc....Ch. 7 - Budgeted income statement and balance sheet As a...Ch. 7 - Prob. 1ADMCh. 7 - Prob. 2ADMCh. 7 - Prob. 3ADMCh. 7 - Ethics in Action The director of marketing for...Ch. 7 - Prob. 3TIF
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