Eagle Corporation has the following direct labor requirements for the production of a machine tool set:...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
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.
Expert Answer:
Answer rating: 100% (QA)
1 Production Budget in units June Beginning Inventory Forecas... View the full answer
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
Students also viewed these general management questions
-
The following information pertains to Ming Corp. at January 1, 2018: Common stock, $10 par, 50,000 shares authorized, 3,000 shares issued and outstanding Paid-in capital in excess of par, common...
-
Thirsty Limited's business involves the bottling and distribution of a wide variety of carbonated soft drinks. Some drinks are developed internally, whilst other brands are purchased. The following...
-
On January 1, 2018, Hester Co. sells machinery to Beck Corp. at its fair value of $720,000 and leases it back. The machinery had a carrying value of $631,800, the lease is for 10 years and the...
-
An airplane is flying at 32,000 feet when it starts its decent. It is descending at a rate of 2000 feet per minute. Let x represent the minutes of the flight's descent and y represent the planes...
-
The hottest temperature ever recorded on the surface of the earth was 136F in Libya in 1922. What is the temperature in degrees Celsius and in kelvins?
-
On January 1, a company issued 3%, 20-year bonds with a face amount of $80 million for $69,033,776 to yield 4%. Interest is paid semiannually. What was the straight-line interest expense on the...
-
Consider the following cash flow profile and assume MARR is 10 percent/year and the finance rate is 4 percent/year. a. Determine the MIRR for this project. b. Is this project economically attractive?...
-
Refer to Exhibit 6.5 to identify the nine types of audit procedures used as part of the audit evidence-gathering process. Following is a list of audit procedures performed. For each procedure (listed...
-
Two transverse sinusoidal waves combining in a medium are described by the wave functions V = 5.00 sin[(x + 0.300t)] Y25.00 sin[(x -0.300)] where x, y, and y are in centimeters and t is in seconds....
-
Prevosti Farms and Sugarhouse pays its employees according to their job classification. The following employees make up Sugarhouse's staff: Employee Number Name and Address Payroll information...
-
The following information is also available: a) On 01 May 2010 Deer plc paid 400,000 to purchase 160,000 ordinary shares in Bear Ltd. At that date, Bear Ltd had in issue a total of 200,000 Ordinary...
-
What function and cell range would be used to calculate the total revenue of amounts over 200,000,000 ?
-
BTX Ltd is using a loan of $7 million. The nominal rate of interest for the loan is 9.71%. The company pays tax at 31%. If the loan interest is calculated monthly, find the cost of loan capital to...
-
I would like for you to offer your thoughts on the examples in the module of technological racism, their potential harm, and how to address them. I'd also like for you to identify another example of...
-
I need an introduction for my presentation, and my topic will be about The Digestive system process. The introduction needs to have A good hook The purpose of the speech (please write the purpose to...
-
I have to respond to 4 of my other classmates posts. I am fine doing my own work but when it comes to responding I feel like I stumble over my own words. Can you please help give me and idea on what...
-
De Weert Consulting Inc. is an economic consulting firm that produces expert reports for business litigation. The firm hires consultants to produce these reports. The table below provides the hourly...
-
Assume today is the 21st of February. Using the information below, FT Extract, answer the following questions (parts i and ii). You work for a US company that is due to receive 250 million in June...
-
The following financial statement was prepared by employees of Walters plc. Note 1: New styles and rapidly changing consumer preferences resulted in a 71,500 loss on the disposal of discontinued...
-
EAN Company's condensed financial statements provide the following information (amounts in thousands). Income Statement For the Year Ended 2019 Sales...
-
Sinise Industries acquired two copyrights during 2019. One copyright related to a textbook that was developed internally at a cost of 9,900. This textbook is estimated to have a useful life of 3...
-
Why is the effect of a lockdown different from that of an oil shock? There is an important difference between a lockdown and an oil shock. Although a lockdown is typically temporary, not all firms...
-
Why might the 'Goggle mobility index' not be a good measure} of the fall in economic activity during a lockdown? Whether it provides, or not, a good measure of economic activity, depends on the...
-
Fill in the values in the table below for inflation and expected inflation using the 1960s. The data will come from FRED as they did in the last question. You will have the most success using a...
Study smarter with the SolutionInn App