Current Attempt in Progress Wildhorse Company makes and sells artistic frames for pictures. The controller is...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/665acaef6db66_222665acaeee5fa3.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/665acaeff20fc_223665acaef96bc3.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/665acaf0809cb_224665acaf027f08.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/665acaf10ed08_224665acaf0af971.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/665acaf18f62f_225665acaf140132.jpg)
Transcribed Image Text:
Current Attempt in Progress Wildhorse Company makes and sells artistic frames for pictures. The controller is responsible for preparing the master budget and has accumulated the following information for 2022: January February March April May Estimated unit sales 9,000 11,000 9,000 10,000 8,000 Sales price per unit $50.00 $47.60 $47.60 $47.60 $47.60 Direct labour hours per unit 2.00 2.00 1.50 1.50 1.50 Direct labour cost per hour $8.00 $8.00 $8.00 $9.00 $9.00 Wildhorse has a labour contract that calls for a wage increase to $9.00 per hour on April 1. It has installed new labour-saving machinery, which will be fully operational by March 1. Wildhorse expects to begin the year with 14,500 frames on hand and has a policy of carrying an end-of-month inventory of 100% of the following month's sales, plus 50% of the next month's sales. (a) Prepare a production budget and a direct labour budget for Wildhorse by month and for the first quarter of the year. The direct labour budget should include direct labour hours and show the detail for each direct labour cost category. (Round DLH per unit and labor rate per hour to 2 decimal places, e.g. 12.25 and all other answers to O decimal places, e.g. 125.) WILDHORSE COMPANY Production Budget For the quarter ending March 31, 2022 Current Attempt in Progress Wildhorse Company makes and sells artistic frames for pictures. The controller is responsible for preparing the master budget and has accumulated the following information for 2022: January February March April May Estimated unit sales 9,000 11,000 9,000 10,000 8,000 Sales price per unit $50.00 $47.60 $47.60 $47.60 $47.60 Direct labour hours per unit 2.00 2.00 1.50 1.50 1.50 Direct labour cost per hour $8.00 $8.00 $8.00 $9.00 $9.00 Wildhorse has a labour contract that calls for a wage increase to $9.00 per hour on April 1. It has installed new labour-saving machinery, which will be fully operational by March 1. Wildhorse expects to begin the year with 14,500 frames on hand and has a policy of carrying an end-of-month inventory of 100% of the following month's sales, plus 50% of the next month's sales. (a) Prepare a production budget and a direct labour budget for Wildhorse by month and for the first quarter of the year. The direct labour budget should include direct labour hours and show the detail for each direct labour cost category. (Round DLH per unit and labor rate per hour to 2 decimal places, e.g. 12.25 and all other answers to O decimal places, e.g. 125.) WILDHORSE COMPANY Production Budget For the quarter ending March 31, 2022
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Para la oferta de producto de su plan de marketing : 1 Identifique: a) su etapa en el ciclo de vida del producto y b) las acciones importantes de la mezcla de marketing que pueden ser adecuadas, segn...
-
Three different plans for financing a $60,000,000 corporation are under consideration by its organizers. Under each of the following plans, the securities will be issued at their par or face amount,...
-
1 > Data Table 1 4 B The Creative Balloon Company 2 Actual vs. Budget Performance Report 3 For the Month Ended January 31 Master Master Budget Actual Budget Variance 5 Sales volume number of cases...
-
Question 1) What would be a program business case to move the program management plan forward in a government office job? Question 2) What parts of the program business case are most important to...
-
a ) If F ( x ) = upper limit x and lower limit 8 dt , the F \' ( x ) = ? b ) If F ( x ) = upper limit 1 1 and lower limit x dt , the F \' ( x ) = ? c ) If F ( x ) = upper limit x ^ 6 and lower limit...
-
Please help me with this one can you do for me 1. the research on quantum dots. Find a resource that you think does the best job of explaining this. and provide short description of what you've...
-
During Year 1, Ashkar Company ordered a machine on January 1 at an invoice price of $28,000. On the date of delivery, January 2, the company paid $9,000 on the machine, with the balance on credit at...
-
An airplane has to travel a round trip Manila to Singapore and back (1485 mi apart) in a total time of 7 hours and 10 minutes. The plane from manila to Singapore is flying with a headwind of 70 mph...
-
Flexible Budget. At normal capacity, Boulder Products Corp. manufactures 10,000 trail bikes. At that level, unit variable costs for the Assembly Department are: Direct...
-
Suppose you are the head of a company called PC-Plugg that specializes in delivering computers to students at LTU. Over 90 percent of the customers consist of students at the university. However,...
-
What do breakpoints allow us to do?
-
How do we pass an array to a function?
-
Why is declaring an array a two-stage process?
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App