Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Production and Direct Labor Cost Budgets Two-Leg Company manufactures slads and jeans under a variety of brand names, such as Dockers and 501 Jeans Slacks

image text in transcribed

image text in transcribed

Production and Direct Labor Cost Budgets Two-Leg Company manufactures slads and jeans under a variety of brand names, such as Dockers and 501 Jeans Slacks and jeans are assembled by a variety of different sewing operations. Assume that the sales budget for Dockers and so as shows estimated sales of 37,050 and 74.470 pairs, respectively, for May. The finished goods inventory is assumed as follows: Dockers 501 Jeans May I estimated inventory 1,660 2.100 May 31 desired Inventory 610 2.630 Assume the following direct labor data per 10 pairs of Dockers and 501 Jeans for four different sening operations Direct Labor per 10 Pairs Dockers 501 Jeans Total Inseam 18 minutes 12 minutes Outersea 22 15 Podcats 7 9 Zipper 10 6 57 minutes 42 minutes a. Prepare a production budget for Hay. Prepare the budget in two columns: Dockers and Sons. For those bowes in which you must enter stricted or negative numbers use a minussion Two Leg Company Production Budget For Mouth Ending May 31 assumed data) Dackers 501 Jeans Expected to be sold 37.0507 74.470 May 31 desired Inventory 610 7430 Total units available 37.660 77.100 May 1 estimated inventory -1.6 7 -2.100 . JUUL 36,00 75.000 Total units to be produced b. Prepare the May direct labor cost budget for the four serving operations, assuming a $13 wage per hour for the inseam and outersem sewing operations and a $15 wage per hour for the podiet and zipper sewing operations. Prepare the direct labor cost budget in our columns: Inseam, outersem, pockets, and zipper Two-Leg Company Direct Labor Cost Budget For Month Ending May 31 (assumed data) Inseam Outerea Pockets Zipper Total Dockers 501 Jeans Total minutes Total direct labor hours Direct laborate 13 13 15 15 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

Managerial Accounting

Authors: Charles Horngren

2nd Edition

0558514847, 978-0558514846

More Books

Students also viewed these Accounting questions

Question

107 MA ammeter 56 resistor ? V voltmeter

Answered: 1 week ago

Question

Generally If Drug A is an inducer of Drug B , Drug B levels will

Answered: 1 week ago