C8 X V fx B F G H NOLAWN Direct Labor Budget - for the Profit Planning Year Jan. 1 to Dec. 31, 2021 Test My MyArmor, Inc. Quarter in the 2021 Planning Year Full Year 1st 2nd 3rd 4th Total Finished Units to Produce (from Production Budget) times Direct Labor Hours per Finished Unit equals Total Direct Labor Hours Total Direct Labor Hours times Average Cost of a Direct Labor Hour Total Direct Labor $'s Check Amount $35,280 Check Amount - $220,400 Fix the Format of All White 18 Cash Payments for Direct Labor - for the Cash Budget 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. 21 22 Total Cash Payments for Direct Labor * 24 "MyArmor pays all direct labor cost in the period incurred; thus Total Cash Payments = Total Direct Labor $'s 25 26 Multiple Choice Questions 29 1. Using the data in the simple example on Pg. 1 of the Direct Labor Budget. pdf document, Answer. 30 what would be Total Direct Labor $'s if Finished Units to Produce were 80 rather than 100? 31 A. $400 32 B. $500 33 C. $600 34 D. $700 36 2. Which one of the following statements is correct? Answer. 37 A. The Direct Labor Budget is more difficult than the Raw Materials Budget. 38 B. Total Direct Labor Hours is an input to the Cost of Goods Sold Budget. 39 C. Total Direct Labor $'s is an input to the Manufacturing Overhead Budget. 40 D. None of the above statements are correct. 41 42 43 44 45 46 47 48 49 50 51