7131/2018 Assignmon: Print Vien 4.wd10.00 pcints The production manager of Rorde

Question

7131/2018 Assignmon: Print Vien 4.wd10.00 pcints The production manager of Rorden Corporstion has sutmitted the loving quarterly production forecast for the upcorning fiscal year et Cudrtend Querte3rd urter t uane to be picduced 6,500 Each unit reqainas 0.65 diect labor-haurs, and direct laborers are paid $12.00 per hour Required 1. Prepane the company's direc laber oudgat for the upcoming fiscal year. Assume ths1 the direct labor worklorce is quartee to match the number ef haurs required to produce the faretasted number of units produced 2. Preparo the companys direct later budget tor tne Upcoring ns al year, assuming that e direc: labor workforce is no ted cach quarter. Instead, assume that the company's orect labor oorkforce onsists of permanent ?mpoyees who are guaranteed td bb paid for at least 5,000 hours of work each queier. If the nurnber of required direct abonhours is less than this number, the workers are paid for 5,000 hours anyway. Any hours worked in excess of 5,000 hours in a quarter are paid a! the rate of 1.5 imes the nornal houy rate for ditoct labar each Complete this question by entering your answers in the tabs below. RequiredRecaired 2 Prepare the company's direct labor budget far the upcoming scal year, assurning that the direct labor workforce is not adjusted each quarter. Instead. assume that the company's direct labor workforce consists of permanent e guaranteed to be paid for at least 5,000 hcurs Df work gach quarter, 1f ?e number of required direct labor-hours is less than this number, the workers are paid for 5,000 hours anyway, Any hours worked in excess of 5,000 hours in a q at the rate of 1.5 times the normal hourty rate for direct labor. Round Direct labor time per unit (hours) decimal places.) who are are paid ta 2 less A Rordan Corporation Direct Labor Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Direct labor tire per unit hours) Total diract laor-ours neeced Ragular hours Overtima haurs Wagas far raguiar hours Overtima wagEs Total diract labor coat 1 Rececks 2017-027 981C-10792 Hints Hint#1 Worksheet Cifficulty 1 Easy Learning Otiectiee 08-3 Prepare a direct labor budgot,

Explanation / Answer

LABOUR COST BUDGETS Q-1 Q-2 Q-3 Q-4 YEAR Units to be produced 8,400 6,500 7,200 8,100 30,200 Labour required per unit 0.65 0.65 0.65 0.65 0.65 Labour hours 5460 4225 4680 5265 19630 Labuor Rate per hour 12 12 12 12 12 Budgeted Labour cost in $ 65,520 50,700 56,160 63,180 235,560 LABOUR COST BUDGETS Q-1 Q-2 Q-3 Q-4 YEAR Units to be produced 8,400 6,500 7,200 8,100 30,200 Labour required per unit 0.65 0.65 0.65 0.65 0.65 Labour hours 5460 4225 4680 5265 19630 Regular Hours 5000 5000 5000 5000 20000 Overtime hours 460 0 0 265 725 wages for regular hours 60000 60000 60000 60000 240000 Overtime wages 8280 0 0 4770 13050 Total Direct labour cost 68280 60000 60000 64770 253050

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