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eBook Show Me How Question Content Area Preparing a Direct Labor Budget Patrick Inc. makes industrial solvents. Planned production in units for the first three
eBook
Show Me How
Question Content Area
Preparing a Direct Labor Budget
Patrick Inc. makes industrial solvents. Planned production in units for the first three months of the coming year is:
| January | 45,000 |
| February | 50,000 |
| March | 65,000 |
Each drum of industrial solvent takes 0.3 direct labor hours. The average wage is $18.20 per hour.
Required:
Prepare a direct labor budget for the months of January, February, and March, as well as the total for the first quarter. Do not include a multiplication symbol as part of your answer.
| Direct Labor Budget: | January | February | March | Total |
| Units to be produced | fill in the blank 1 | fill in the blank 2 | fill in the blank 3 | fill in the blank 4 |
| Direct labor hrs per unit | fill in the blank 5 | fill in the blank 6 | fill in the blank 7 | fill in the blank 8 |
| Total direct labor hrs | fill in the blank 9 | fill in the blank 10 | fill in the blank 11 | fill in the blank 12 |
| Wage rate | $fill in the blank 13 | $fill in the blank 14 | $fill in the blank 15 | $fill in the blank 16 |
| Direct labor cost | $fill in the blank 17 | $fill in the blank 18 | $fill in the blank 19 | $fill in the blank 20 |
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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
5th edition
132567237, 978-0132998345, 132998343, 978-0132567237
