Question
Richetti Industrial has estimated that production for the next five quarters will be: Production Information 1st quarter, 2020 55,800 units 2nd quarter, 2020 50,400 units
Richetti Industrial has estimated that production for the next five quarters will be:
Production Information | ||
---|---|---|
1st quarter, 2020 | 55,800 units | |
2nd quarter, 2020 | 50,400 units | |
3rd quarter, 2020 | 61,200 units | |
4th quarter, 2020 | 48,000 units | |
1st quarter, 2021 | 59,600 units |
Prepare quarterly direct labor budgets for Richetti Industrial for 2020. It takes 3 hours of direct labor to produce each finished unit of product. Direct labor costs are $20 per hour. Each employee can work 470 hours per quarter. (Round answers to 0 decimal places, e.g. 125.)
Richetti Industrial Direct Labor Budget For the Year Ending December 31, 2017 | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | Year | |||||||
select an item Labor rate per hourTotal hoursLabor costAverage hours per employee per quarterLabor cost per unitLabor hours per unitUnits to be producedApproximate number of employees needed | enter a number of hours | enter a number of hours | enter a number of hours | enter a number of hours | enter a number of hours | ||||||
select an item Units to be producedApproximate number of employees neededTotal hoursLabor hours per unitLabor costLabor cost per unitAverage hours per employee per quarterLabor rate per hour | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | ||||||
select a summarizing line for the first part Total hoursUnits to be producedLabor hours per unitApproximate number of employees neededLabor cost per unitAverage hours per employee per quarterLabor costLabor rate per hour | $enter a total dollar amount for the first part | $enter a total dollar amount for the first part | $enter a total dollar amount for the first part | $enter a total dollar amount for the first part | $enter a total dollar amount for the first part | ||||||
select an item Average hours per employee per quarterLabor costApproximate number of employees neededLabor rate per hourLabor cost per unitUnits to be producedTotal hoursLabor hours per unit | enter a number of units | enter a number of units | enter a number of units | enter a number of units | enter a number of units | ||||||
select a summarizing line for the second part Units to be producedLabor costTotal hoursLabor hours per unitApproximate number of employees neededLabor rate per hourLabor cost per unitAverage hours per employee per quarter | $enter a total dollar amount for the second part | $enter a total dollar amount for the second part | $enter a total dollar amount for the second part | $enter a total dollar amount for the second part | $enter a total dollar amount for the second part | ||||||
select an item Average hours per employee per quarterLabor rate per hourUnits to be producedLabor costLabor hours per unitLabor cost per unitTotal hoursApproximate number of employees needed | enter a number of hours | enter a number of hours | enter a number of hours | enter a number of hours | |||||||
select an item Units to be producedLabor hours per unitAverage hours per employee per quarterLabor cost per unitLabor rate per hourApproximate number of employees neededTotal hoursLabor cost | enter a number of hours | enter a number of hours | enter a number of hours | enter a number of hours | |||||||
select a summarizing line for the third part Average hours per employee per quarterLabor hours per unitLabor rate per hourApproximate number of employees neededLabor cost per unitUnits to be producedLabor costTotal hours | enter a number of employees | enter a number of employees | enter a number of employees |
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