Kindschuh corporation is working on its direct labor budget

Assignment Help Accounting Basics
Reference no: EM13482319

Kindschuh Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.05 direct labor-hours. The direct labor rate is $9.90 per direct labor-hour. The production budget calls for producing 3,800 units in June and 4,300 units in July.

Required:

Construct the direct labor budget for the next two months, assuming that the direct labor work force is fully adjusted to the total direct labor-hours needed each month.


               June                 July
  Required production in units
  Direct labor-hours per unit



  Total direct labor-hours needed
  Direct labor cost per hour $ $



  Total direct labor cost $ $

Reference no: EM13482319

Questions Cloud

The cash account in the general ledger shows a balance of : the cash account in the general ledger shows a balance of 90000 before reconciliation. the bank statement does not
Cardinals corporation had a 1114 balance in the allowance : cardinals corporation had a 1114 balance in the allowance for doubtful accounts of 20000. during 2014 it wrote off
Compute the standard pounds of direct materials allowed for : computation of inputs allowed direct materials and direct laborduring the year minot company produced 120000 drills for
Sun inc assigns 2000000 of its accounts receivables as : sun inc assigns 2000000 of its accounts receivables as collateral for a 1 million 8 loan with a bank. sun inc. also
Kindschuh corporation is working on its direct labor budget : kindschuh corporation is working on its direct labor budget for the next two months. each unit of output requires 0.05
Blackstone inc has a five-year bond outstanding that pays : blackstone inc. has a five-year bond outstanding that pays 60annually. the face value of each bond is 1000 and the bond
A a 1000 bond has a 75 percent coupon and matures after 10 : a. a 1000 bond has a 7.5 percent coupon and matures after 10 years. if current interest rates are 10 percent what
At december 31 2010 the estimated future costs to complete : turner inc. began work on a 7000000 contract in 2010 to construct an office builidng. during 2010turner inc. incurred
Umanzor corporation uses activity-based costing to assign : umanzor corporation uses activity-based costing to assign overhead costs to products. overhead costs have already been

Reviews

Write a Review

Accounting Basics Questions & Answers

  Question-gomez service company

Gomez Service Company has received $7,500 in cash for services rendered. What affect does this transaction have on the accounting equation?

  Total compensation cost pertaining

1. Determine the total compensation cost pertaining to the restricted shares. 2. Prepare the appropriate journal entry to record the award on January 1, 2009.

  Direct materials price variance problem

A company developed the following per-unit standards for its product: 2 pounds of direct materials at $4 per pound. Last month, 1,000 pounds of direct materials were purchased for $3,800. The direct materials price variance for last month was:

  Cash register tape for leprechaun industries

The cash register tape for Leprechaun Industries reported sales of $7,783.12. Record the journal entry that would be necessary for each of the following situations: (a) Cash to be accounted for exceeds cash on hand by $52.60.

  Ce the materials price and quantity variances

seven enterprises is a large producer of gourmet per food. during april it produced 147 batches of puppy meal. each

  Determining firm expected rate of return

Dothan Inc.'s stock has a 25% chance of producing a 17% return, a 50% chance of producing a 12% return, and a 25% chance of producing a -18% return. What is the firm's expected rate of return?

  Determining the break even point

Hess, Inc. sells a single product with a contribution margin of $12 per unit and fixed costs of $74,400 and sales for the current year of $100,000. How much is Hess's break even point.

  What should be the weight to t-bill in passive portfolio

Consider an investor who believes in CAPM and is willing to bear the amount of systematic risk given beta of 1.2. Investor buys the passive portfolio by combining the market portfolio and T-bills. What should be the weight to T-bill in her pas..

  Approximate value of the exports

Also assume that a U.S. exporter denominates its Swiss exports in Swiss francs and expects to receive SF600,000 in 1 year. Using the information above, what will be the approximate value of these exports in 1 year in U.S. dollars given that the fi..

  Determine probable costs and market potential

Compute the net cash inflow (cash receipts less yearly cash operating expenses) anticipated from the sale of the device for each of the 12 years.

  Calculating direct materials price variance

a. Calculate the direct materials price variance for May. b. Calculate the direct materials quantity variance for May. c. Calculate the direct labor wage rate variance for May. d. Calculate the direct labor efficiency variance for May.

  Sonnheim manufacturing uses job costing in may material

sonnheim manufacturing uses job costing. in may material requisition were 51000 and raw material purchases were 58900.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd