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do direct labor budget and manufacturing overhead budget Wiber, Inc manufactures model airplane kits and projects production at 450, 220, 300, and 500 kits per
do direct labor budget and manufacturing overhead budget
Wiber, Inc manufactures model airplane kits and projects production at 450, 220, 300, and 500 kits per quarter Dinect materials are $4 per kit. indirect materials ane considered insignicant and ane not indluded in the budgeting proces Be r g Ra Materals Imert ry s $500 ard to company desres to e dea que ter wit 10% ene mate als needed fo the ne toaters p du ton w ber desies a balance or ss er RI Mair n men yatthe end ofthe tum quarter. Each kit requires 0 25 hours of direct labor at an average cost of $15 per hour. Manufacturing overhead is alocated using direct labor hours as the alocation base. Variable overhead is $0.20 per kt and fxed ovehead is $165 per quarter Prepare wiberdet m atenals bo got, dred ator budget, and mantan mg overhead b dget fothe year Rend he dre toon needed ty pr ase. budgeted oen eed oosts.d ped le ned o eid ie so mthe decimal places. Budgeted kits to be produced Direct materials cost per unit Direct materials needed for production Plus: Desred drect materals", enda nvemory Total direct materlals needed 450 300 1470 1.300 | $ 880 $ 1,200 | $ 2,000 5,880 1400 2006.300 1888 Less: Direct materials in beginning inveniory Busgeled purchases of diect ateas Prepare the drect labor budget(Enter any ours amounts to two decimal places, X.XX, and round al other amounts to theerest whle number) Direct Labor Budget For the Year Ended December 31 Second ThindFourth Quarter Quarte Quarter Direct labor hours needed for production Choose from any ist or enter any number in the input Selds and then click Check Aneer Step by Step Solution
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