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Chapter 9 - Homework i Seved 4 ! Part 1 of 3 Required information Problem 9-31 Production and Direct-Labor Budgets; Activity-Based Overhead Budget (LO 9-3,
Chapter 9 - Homework i Seved 4 ! Part 1 of 3 Required information Problem 9-31 Production and Direct-Labor Budgets; Activity-Based Overhead Budget (LO 9-3, 9-4, 9-5, 9- 6) {The following information applies to the questions displayed below.) 1 points Spiffy Shades Corporation manufactures artistic frames for sunglasses. Talia Demarest, controller, is responsible for preparing the company's master budget. In compiling the budget data for 20x1. Demarest has learned that new automated production equipment will be installed on March 1. This will reduce the direct labor per frame from 1 hour to 0.75 hour. 8 02:13:02 Labor-related costs include pension contributions of $0.50 per hour, workers' compensation insurance of $0.20 per hour, employee medical insurance of $0.80 per hour, and employer contributions to Social Security equal to 7 percent of direct- labor wages. The cost of employee benefits paid by the company on its employees is treated as a direct-labor cost. Spiffy eBook Shades Corporation has a labor contract that calls for a wage increase to $18.00 per hour on April 1, 20x1. Management expects to have 16.000 frames on hand at December 31, 20x0. and has a policy of carrvina an end-of-month inventory of Chapter 9 Homework i Saved 4 Uirect-Labor hours per unit Wage per direct labor hour Estimated unit sales Sales price per unit Production overhead: Shipping and handling (per unit sold) 1.4 $ 16.00 18,000 $ 50.00 1.6 $ 16.00 12,080 $ 47.50 0./5 $ 16.00 8, eae $ 47.50 9./5 $ 18.00 9, eae $ 47.50 0./5 $ 18.00 9,800 $ 47.5e $ 2.0 $ 2.00 $ 2.00 $ 2.00 $ 2.0 Chapter 9 - Homework Sauna 4 Problem 9-31 Part 1 Part 1 of 3 Required: 1. Prepare a production budget and a direct-labor budget for Spitty Shades Corporation by month and for the first quarter of 20x1. (Round "Direct-labor hours per unit" to 2 decimal places.) 1 points X 02:13:00 SPIFFY SHADES CORPORATION Budget for Production and Direct Labor For the First Quarter of 20x1 Month January February March Quarter Sales (units) eBook Total needs 0 0 0 0 Print 01 0 0 0 References 0 0 0 0 Units to be produced Direct-labor hours per unit Total hours of direct labor time needed Direct-labor costs: Wages Pension contributions Workers' compensation insurance Employee medical insurance Employer's social security Total direct-labor cost $ os 0 $ 0 $ 0 Chapter 9 - Homework i Seved 4 ! Part 1 of 3 Required information Problem 9-31 Production and Direct-Labor Budgets; Activity-Based Overhead Budget (LO 9-3, 9-4, 9-5, 9- 6) {The following information applies to the questions displayed below.) 1 points Spiffy Shades Corporation manufactures artistic frames for sunglasses. Talia Demarest, controller, is responsible for preparing the company's master budget. In compiling the budget data for 20x1. Demarest has learned that new automated production equipment will be installed on March 1. This will reduce the direct labor per frame from 1 hour to 0.75 hour. 8 02:13:02 Labor-related costs include pension contributions of $0.50 per hour, workers' compensation insurance of $0.20 per hour, employee medical insurance of $0.80 per hour, and employer contributions to Social Security equal to 7 percent of direct- labor wages. The cost of employee benefits paid by the company on its employees is treated as a direct-labor cost. Spiffy eBook Shades Corporation has a labor contract that calls for a wage increase to $18.00 per hour on April 1, 20x1. Management expects to have 16.000 frames on hand at December 31, 20x0. and has a policy of carrvina an end-of-month inventory of Chapter 9 Homework i Saved 4 Uirect-Labor hours per unit Wage per direct labor hour Estimated unit sales Sales price per unit Production overhead: Shipping and handling (per unit sold) 1.4 $ 16.00 18,000 $ 50.00 1.6 $ 16.00 12,080 $ 47.50 0./5 $ 16.00 8, eae $ 47.50 9./5 $ 18.00 9, eae $ 47.50 0./5 $ 18.00 9,800 $ 47.5e $ 2.0 $ 2.00 $ 2.00 $ 2.00 $ 2.0 Chapter 9 - Homework Sauna 4 Problem 9-31 Part 1 Part 1 of 3 Required: 1. Prepare a production budget and a direct-labor budget for Spitty Shades Corporation by month and for the first quarter of 20x1. (Round "Direct-labor hours per unit" to 2 decimal places.) 1 points X 02:13:00 SPIFFY SHADES CORPORATION Budget for Production and Direct Labor For the First Quarter of 20x1 Month January February March Quarter Sales (units) eBook Total needs 0 0 0 0 Print 01 0 0 0 References 0 0 0 0 Units to be produced Direct-labor hours per unit Total hours of direct labor time needed Direct-labor costs: Wages Pension contributions Workers' compensation insurance Employee medical insurance Employer's social security Total direct-labor cost $ os 0 $ 0 $ 0
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