Eagle Corporation has the following direct labor requirements for the production of a machine tool set:...
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Eagle Corporation has the following direct labor requirements for the production of a machine tool set: Direct Labor Required Time Hourly Rate Machining Assembly (hours) 6 10 ($) 10 8 Forecasted sales for June, July, August and September are 6000, 5000, 8000 and 7000 units, respectively. June 1 beginning inventory of the tool set was 1500 unit. The desired units in ending inventory each month is one-half of the forecasted sales for the following month. Required: 1. Prepare a production budget (in units) for the months of June, July and August. 2. Develop a direct labor budget (in $) for the months of June, July and August for each type of direct labor. Eagle Corporation has the following direct labor requirements for the production of a machine tool set: Direct Labor Required Time Hourly Rate Machining Assembly (hours) 6 10 ($) 10 8 Forecasted sales for June, July, August and September are 6000, 5000, 8000 and 7000 units, respectively. June 1 beginning inventory of the tool set was 1500 unit. The desired units in ending inventory each month is one-half of the forecasted sales for the following month. Required: 1. Prepare a production budget (in units) for the months of June, July and August. 2. Develop a direct labor budget (in $) for the months of June, July and August for each type of direct labor.
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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