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  3. direct labor budget 1. grafton budgets production

Direct Labor Budget 1. Grafton budgets production of 300 units in June and 310 units...

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Accounting

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Direct Labor Budget 1. Grafton budgets production of 300 units in June and 310 units in July. Each unit requires 1.5 hours of direct labor. The direct labor rate if $14 per hour. The indirect labor rate is $21.00 per hour. Compute the budgeted direct labor cost for July 2. The production budget for Sergei Company revealed the following production volume for the months of July-September. Each unit produced requires 2 hours of direct labor. The direct labor rate is currently $16 per hour but is predicted to be $16.75 per hour in September. Prepare a direct labor budget for Sergei Company for July - September. July Aug Sep Units to be produced 620 6 80 340 Factory Overhead Budget 1. Keegan Company manufactures a single product and has a JIT policy that ending inventory must equal 10% of the next month's sales. It estimates that May's ending inventory will consist of 20,000 units. June and July sales are estimated to be 280,000 and 290,000 units, respectively. Keegan assigns variable overhead at a rate of $1.80 per unit of production. Fixed overhead equals $400,000 per month. Compute the number of units to be produced and use to compute the total budgeted overhead that would appear on the factory overhead budget for month ended June 30

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