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Need help with accounting question. Please show all work, thank you. Jasinski jeweiry produces a component for lapel pins. Budgeted production in April is 8,400
Need help with accounting question. Please show all work, thank you.
Jasinski jeweiry produces a component for lapel pins. Budgeted production in April is 8,400 units. Each unit requires 1/3 ounce of gold, and 2 hours of direct labor time. it is estimated that Jasinski wil have 100 ounces of gold on hand at April 1, and since management anticipates an increase in the price of gold in the coming months, the desired ending imventory at the end of April is 150 ounces. The standard cost of an ounce of gold is $300. The standard rate for direct labor is 525 per hour. 1) Prepare a direct materials budgec. 2) Prepare a direct labor budget You may attach your workbeok(s) to this question in fesponse Step by Step Solution
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