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GEREEN EVLETU Snrin Question 19, E6-29 (book/static) Part 3 of 6 CA Save DeWitt Company makes and sells artistic frames for pictures of weddings, graduations, and other special events. Ron Bahar, the controller, is responsible for preparing DeWitt's master budget and has accumulated the following information for 2018 Click the icon to view some of the financial information.) Click the icon to view additional information.) Read the requirements 28.000 24,500 16,000 16,000 22,500 11.500 47 500 16.000 12.000 8,500 11,000 31,500 3.0 3.0 20 36,000 25,500 22,000 83.500 Total requirements (units) Deduct beginning finished goods inventory (units) Units to be produced Direct manufacturing labor-hours per unit Total hours of direct manufacturing labor time needed Direct manufacturing labor costs Wages Pension contributions Workers' compensation insurance Employee medical insurance Social Security tax (employer's share) Total direct manufacturing labor costs I Help me solve this Etext pages Get more help Clear all Check answer Type here to search o RE a 2 25F 8:36 PM 3/12/2022 ed the requirements CORDED - X W putu ISIC OLIVUTO WA UCURELA HOTUIGLUTRY Owy HIIT, GEE YUONE LIRE UN ROL HOTMILLIY More info - X ata table 2018 In addition to wages, direct manufacturing labor-related costs include pension contributions of 50.40 per hour worker's compensation insurance of $0.10 per hour, employee medical insurance of $0.50 per hour and Social Security taxes Assume that as of January 1, 2018, the Social Security tax rates are 7.5% for employers and 7.5% for employees. The cost of employee benefits paid by DeWitt on its direct manufacturing employees is treated as a direct manufacturing labor cost Estimated sales in units January February March April 12,000 13,000 6,000 11,000 S 53.00 $ 52.00 5 52.00 $ 52.00 $ 3.0 3.0 2.0 2.0 $ 11.00 $ 11.00 $ 11.00 S 12.00 $ May 11,000 52.00 Selling price Direct manufacturing labor-hours per unit Wage per direct manufacturing labor-hour 20 DeWitt has a labor contract that calls for a wage increase to $12 per hour on April 1. 2018. New labor-saving machinery has been installed and will be fully operational by March 1, 2018. DeWitt expects to have 16,000 frames on hand at December 31, 2017, and it has a policy of carrying an end-of-month inventory of 100% of the following month's sales plus 50% of the second following month's sales 12.00 Print Done Print Done a ORI Rain... 11:19 AM 3/12/2022 Type here to search Wilole number.) DeWitt Company or Production and Direct Manufac For the Quarter Ended March 31, Jany Requirements goods inventory (units) oods inventory (units) 1. Prepare a production budget and a direct manufacturing labor cost budget for DeWitt Company by month and for the first quarter of 2018. You may combine both budgets in one schedule. The direct manufacturing labor cost budget should include labor-hours and show the details for each labor cost category. 2. What actions has the budget process prompted DeWitt's management to take? 3. How might DeWitt's managers use the budget developed in requirement 1 to better manage the company? hours per unit acturing labor time needed Print Done Etext pages Get mor Clear all Check search gi 2 3 Rain... () 1 3
