Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hruska Company's is a small company that produces a very popular men's cologne. The budgeted bottles to be produced for the next year by quarter

image text in transcribed
image text in transcribed
Hruska Company's is a small company that produces a very popular men's cologne. The budgeted bottles to be produced for the next year by quarter follows: Bottles to be produced 1st Quarter 30,600 and Quarter 8,00 3rd Quarter 4th Quarter 8.300 10,600 Each bottle requires 025 direct labor-hours, and direct laborers are paid $16.00 per hout Required: 1 Prepare the company's direct labor budget for next year. Assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of bottles produced 2. Prepare the company's direct labor budget for next year, assuming that the direct labor workforce is not adjusted each quarter Instead, assume that the company's direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2.400 hours of work each quarter. If the number of required direct labor hours is less than this number the workers are paid for 2400 hours anyway. Any hours worked in excess of 2.400 hours in a quarter are paid at the rate of 15 times the normal hourly rate for direct labor Complete this question by entering your answers in the tabs below. Required: Required 2 Prepare the company's direct labor budget for the upcoming fiscal year. Assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. (Round Direct tabor time per unit (hours answers to 2 decimal places) Husk Company Direct Labor Dudget 1st Groter 2nd Quarter Sed Quarter Ith Quarter Year Direct labor time per unit hours) Total direct labor hours oded Declabor cost per hour Toll direct labor cont Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. Instead, assume that the company's direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2.400 hours of work each quarter. If the number of required direct labor-hours is less than this number, the workers are paid for 2,400 hours anyway. Any hours worked in excess of 2,400 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor. (Round "Direct labor tire per unit (hours)" answers to 2 decimal places.) Show less Hruska Company Direct Labor Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Direct labor time per unit (hours) Total direct labor hours needed Regular hours Overtime hours Wages for regular houts Overtime wages Total direct labor cost

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Working Conditions And Factory Auditing In The Chinese Toy Industry

Authors: Congressional-Executive Commission On China

1st Edition

1508726515, 978-1508726517

More Books

Students also viewed these Accounting questions

Question

9. Describe the characteristics of power.

Answered: 1 week ago

Question

3. Identify and describe nine cultural value orientations.

Answered: 1 week ago