Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Production and Direct Labor Cost Budgets Two-Leg Company manufactures slacks and jeans under a variety of brand names, such as Kickers and 101 Denims. Slacks

image text in transcribed
Production and Direct Labor Cost Budgets Two-Leg Company manufactures slacks and jeans under a variety of brand names, such as Kickers and 101 Denims. Slacks and jeans are assembled by a variety of different sewing operations. Assume that the sales budget for Kickers and 101 Denims shows estimated sales of 18,520 and 35,750 pairs, respectively, for May. The finished goods inventory is assumed as follows: Kickers 10 1 Denims May 1 estimated Inventory 830 1,010 May 31 desired inventory 310 1,260 Assume the following direct labor data per 10 pairs of Kickers and 101 Denims for four different sewing operations: Direct Labor per 10 Pairs Kickers 101 Denims inseam 16 minutes 11 minutes Outerseam 19 14 Pockets 6 B Zipper 10 6 Total iminutes 39 minutes a. Prepare a production budget for May. Two-Leg Company Production Budget Hay (assumed data) Kickers 101 Denims Expected units to be sold Total units Total units to be produced b. Prepare the May direct labor cost budget for the four sewing operations, assuming a $10 wage per hour for the inseam and outerseam sewing operations and a $16 wage per hour for the pocket and zipper sewing operations. Two-Leg Company Direct Labor Cost Budget May (assumed data) Inseam Outerseam Pockets Zipper Total Hours required for production: Kickers hnpsvz.ccmgcnowmnihu'mkcnssignlncntilakcAssignmcmMain.do'h'nvokcMllkcAssignmntScssionLocatNinpmgnss-Msc (#230021 CcngageNOWvZ IOnline leaching and learning Insurance EmmCengngc Learning 101 Denims Total minutes Convert minutes to hours Hou rly rate Total direct labor cost \"2

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

Fundamental Accounting Principles

Authors: John J Wild, Ken Shaw

25th Edition

1260247988, 978-1260247985

More Books

Students also viewed these Accounting questions

Question

=+Find and interpret an autoregressive model for the euro prices.

Answered: 1 week ago

Question

2. To store it and

Answered: 1 week ago