Direct Labor Cost Budget Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July for the two rackets is as follows: Junior Pro Striker Production budget 6,200 units 23,900 units Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows: Forming Department Assembly Department Junior 0.25 hour per unit 0.50 hour per unit Pro Striker 0.30 hour per unit 0.60 hour per unit The direct labor rate for each department is as follows: Forming Department Assembly Department $20.00 per hour $13.00 per hour Prepare the direct labor cost budget for July. Ace Racket Company Direct Labor Cost Budget For the Month Ending July 31 Forming Department Hours required for production: Junior Assembly Department pen, Forming and Assembly. The direct labor hours required for each racket are estimated as follows: Forming Department Assembly Department 0.25 hour per unit 0.50 hour per unit Junior Pro Striker 0.30 hour per unit 0.60 hour per unit The direct labor rate for each department is as follows: Forming Department $20.00 per hour Assembly Department $13.00 per hd Prepare the direct labor cost budget for July. Ace Racket Company Direct Labor Cost Budget For the Month Ending July 31 Forming Department Hours required for production: Junior Assembly Department Pro Striler Total Hourly rate Total direct labor cost Factory Overhead Cost Budget Sweet Tooth Candy Company budgeted the following costs for anticipated production for August: Advertising expenses $276,240 Manufacturing supplies Power and light 15,140 45,160 Sales commissions Factory Insurance 308,860 26,300 Production supervisor wages Production control wages Executive officer salaries Materials management wages 132,810 34,530 281,560 37,980 Factory depreciation 21,510 Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed costs: Sweet Tooth Candy Company Factory Overhead Cost Budget For the Month Ending August 31 Variable factory overhead costs: Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed factory costs. Sweet Tooth Candy Company Factory Overhead Cost Budget For the Month Ending August 31 Variable factory overhead costs: JU LOD Total variable factory overhead costs Fixed factory overhead costs: Total fixed factory overhead costs Total factory overhead costs Previous