3 Exercise 9-4 Direct Labour Budget [LO2] 5 points Fortin Limited produces and sells a single...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6655a02bc2ef9_5956655a02bbde1a.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6655a02c18438_5966655a02c0f8e0.jpg)
Transcribed Image Text:
3 Exercise 9-4 Direct Labour Budget [LO2] 5 points Fortin Limited produces and sells a single product, a wearable LED light for runners and cyclists. The analytics group at Fortin Limited has developed the following estimates for unit sales in the upcoming year. Budgeted unit sales Quarter 24,000 Second Quarter 21,500 Third Fourth Quarter Quarter 20,600 21,100 References At the end of the previous quarter there were 2.200 units in finished goods inventory. The desired ending finished goods inventory at the end of each quarter is 10% of the next quarter's budgeted sales. Management expects sales in the fourth quarter of the upcoming year to be the same as the first quarter of the following year. Each light requires 0.75 direct labour-hours for assembly and employees - are paid $21 per hour Required: Prepare the company's direct labour budget for the upcoming fiscal year, assuming that the direct labour workforce is adjusted each quarter to match the number of hours required to produce the forecast number of units. (Round "Direct labour time per unit" answers to 2 decimal pinces. Round "Total direct inbour hours needed" answers to whole number) Units to be produced Dact labour time per unit (hours) Total drect labour hours needed the end FORTIN LIMITED Direct Labour Budget First Quarter Second Quarter Third Quarter Fourth Quarter THAT www. Check 3 Exercise 9-4 Direct Labour Budget [LO2] 5 points Fortin Limited produces and sells a single product, a wearable LED light for runners and cyclists. The analytics group at Fortin Limited has developed the following estimates for unit sales in the upcoming year. Budgeted unit sales Quarter 24,000 Second Quarter 21,500 Third Fourth Quarter Quarter 20,600 21,100 References At the end of the previous quarter there were 2.200 units in finished goods inventory. The desired ending finished goods inventory at the end of each quarter is 10% of the next quarter's budgeted sales. Management expects sales in the fourth quarter of the upcoming year to be the same as the first quarter of the following year. Each light requires 0.75 direct labour-hours for assembly and employees - are paid $21 per hour Required: Prepare the company's direct labour budget for the upcoming fiscal year, assuming that the direct labour workforce is adjusted each quarter to match the number of hours required to produce the forecast number of units. (Round "Direct labour time per unit" answers to 2 decimal pinces. Round "Total direct inbour hours needed" answers to whole number) Units to be produced Dact labour time per unit (hours) Total drect labour hours needed the end FORTIN LIMITED Direct Labour Budget First Quarter Second Quarter Third Quarter Fourth Quarter THAT www. Check
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Sussman Industries purchased a drilling machine for $50,000 and paid cash. Sussman expects to use the machine for ten years after which it will have no value. It will be depreciated straight-line...
-
Find all the solutions of (a) x+2=Xn+1 = x + 12, where x = x=1 +3(2") (c) Xn+2=X+1/x (b) Xn+2=Xn+1 = x + 12n
-
Could this be seen as an innovation? HealthT, a midsize for-profit hospital company, was seeking ways to improve its bottom line. Charlie, its chief operating officer, noted the huge company expense...
-
Gus the cab driver rents a cab and pays for gas. In each of the following circumstances, describe the short-run effect on the price and quantity of rides Gus offers. a. The price of gas falls. b. The...
-
You are in-charge of an AIDS awareness campaign to be conducted through various camps in West Bengal for a month. For efficient implementation, the campaign is geographically segregated as North and...
-
Question 3 (8 points) Listen Using the following information, prepare a bank reconciliation and determine the adjusted bank balance: Bank balance: $5,340 Book balance: $5,275 Deposit in transit:...
-
The following trial balance was extracted from the books of accounts of KOWA partnership operated by Kori and Wangui partners for the period ended 31/12/2018 after preparing a trading account. KOWA...
-
Deliberate on the negative risks identified for the HUMS project. Analyse and critically discuss the strategies to deal with the negative project risks that you have identified
-
In the space below, please draw a standard normal Treasury bond yield curve from years 0-30 using the data provided and briefly explain the term structure of interest rates. Treasury | Yield (%)...
-
How does Smart USA utilize buzz marketing? What is buzz marketing? How do you practice buzz marketing? Compare and contrast the following three alternative modes of marketing: a) Buzz marketing b)...
-
Convert base 16 hexadecimal number ABCD.216 to base 2 unsigned binary representation. The quiz is expecting a fill in the blank text string in the entry box and grades on an exact match with the...
-
provied two examples of ways that teachers can use assessments to inform and improve classroom practice
-
What qualities would you look for in a mentor? What qualities would you try to demonstrate as a mentee? Can you identify someone you know who might become a mentor to you?
-
Using the SWOT analysis worksheet developed for this chapter, how will you articulate your strengths and weaknesses during an interview?
-
How are the signs of stress, burnout, and reality shock related?
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App