reparing a Direct Labor Budget Patrick Inc. makes industrial solvents. Planned production in units for...
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Accounting
reparing a Direct Labor Budget
Patrick Inc. makes industrial solvents. Planned production in units for the first three months of the coming year is:
| January | 45,000 |
| February | 50,000 |
| March | 65,000 |
Each drum of industrial solvent takes 0.3 direct labor hours. The average wage is $18.70 per hour.
Required:
Prepare a direct labor budget for the months of January, February, and March, as well as the total for the first quarter. Do not include a multiplication symbol as part of your answer.
| Patrick Inc. | ||||
| Direct Labor Budget | ||||
| For the Coming First Quarter | ||||
| Direct Labor Budget: | January | February | March | Total |
| Units to be produced | ||||
| Direct labor hrs per unit | ||||
| Total direct labor hrs | ||||
| Wage rate | $ | $ | $ | $ |
| Direct labor cost | $ | $ | $ | $ |
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