Question
For Gundy Company, units to be produced are 5,150 in quarter 1 and 6,600 in quarter 2. It takes 2.0 hours to make a finished
For Gundy Company, units to be produced are 5,150 in quarter 1 and 6,600 in quarter 2. It takes 2.0 hours to make a finished unit, and the expected hourly wage rate is $15 per hour. Prepare a direct labor budget by quarters for the 6 months ending June 30, 2020.
GUNDY COMPANY Direct Labor Budget choose the accounting period For the Six Months Ending June 30, 2020June 30, 2020For the Quarter Ending June 30, 2020 | |||||||
---|---|---|---|---|---|---|---|
Quarter | |||||||
1 | 2 | Six Months | |||||
select an opening labor budget item Total Direct Labor CostBeginning Materials InventoryTotal Materials RequiredDirect Materials Per UnitTotal Pounds Required for ProductionDirect Labor Time (Hours) Per UnitDirect Materials PurchasesCost Per PoundTotal Cost of Direct Materials PurchasesTotal Required Direct Labor HoursDesired Ending InventoryUnits to be ProducedDirect Labor Cost Per Hour | enter a number of units | enter a number of units | |||||
select a labor budget item Direct Labor Cost Per HourDirect Labor Time (Hours) Per UnitDirect Materials PurchasesDesired Ending InventoryTotal Pounds Required for ProductionTotal Cost of Direct Materials PurchasesBeginning Materials InventoryTotal Direct Labor CostDirect Materials Per UnitTotal Materials RequiredTotal Required Direct Labor HoursUnits to be ProducedCost Per Pound | enter a number of hours | enter a number of hours | |||||
select a summarizing line for the first part Total Direct Labor CostDirect Labor Cost Per HourDirect Materials Per UnitTotal Cost of Direct Materials PurchasesDirect Labor Time (Hours) Per UnitTotal Required Direct Labor HoursDirect Materials PurchasesUnits to be ProducedTotal Materials RequiredCost Per PoundDesired Ending InventoryTotal Pounds Required for ProductionBeginning Materials Inventory | enter a total number of hours for the first part | enter a total number of hours for the first part | |||||
select a labor budget item Total Cost of Direct Materials PurchasesTotal Materials RequiredTotal Pounds Required for ProductionDirect Materials Per UnitTotal Required Direct Labor HoursUnits to be ProducedBeginning Materials InventoryDesired Ending InventoryDirect Labor Cost Per HourCost Per PoundDirect Labor Time (Hours) Per UnitTotal Direct Labor CostDirect Materials Purchases | $enter a dollar amount | $enter a dollar amount | |||||
select a closing labor budget item Cost Per PoundDirect Labor Time (Hours) Per UnitBeginning Materials InventoryDirect Materials PurchasesTotal Cost of Direct Materials PurchasesDirect Materials Per UnitTotal Pounds Required for ProductionTotal Direct Labor CostTotal Required Direct Labor HoursTotal Materials RequiredUnits to be ProducedDesired Ending InventoryDirect Labor Cost Per Hour | $enter a total dollar amount | $enter a total dollar amount | $enter a total dollar amount |
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