Quarter 1 2 Six Months Open Show Work SAVE FOR LATER SUBMIT ANSWER For Gundy Com
ID: 2562888 • Letter: Q
Question
Quarter
1
2
Six Months
Open Show Work
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For Gundy Company, units to be produced are 5,320 in quarter 1 and 6,300 in quarter 2. It takes 2.0 hours to make a finished unit, and the expected hourly wage rate is $16 per hour.Prepare a direct labor budget by quarters for the 6 months ending June 30, 2017.
GUNDY COMPANY
Direct Labor Budget
June 30, 2017For the Six Months Ending June 30, 2017For the Quarter Ending June 30, 2017
Quarter
1
2
Six Months
Desired Ending InventoryTotal Cost of Direct Materials PurchasesTotal Required Direct Labor HoursDirect Labor Cost Per HourDirect Materials PurchasesTotal Direct Labor CostUnits to be ProducedTotal Materials RequiredTotal Pounds Required for ProductionBeginning Materials InventoryCost Per PoundDirect Materials Per UnitDirect Labor Time Per Unit
Direct Labor Time Per UnitDirect Materials PurchasesTotal Pounds Required for ProductionTotal Cost of Direct Materials PurchasesDesired Ending InventoryDirect Labor Cost Per HourTotal Direct Labor CostDirect Materials Per UnitUnits to be ProducedTotal Materials RequiredTotal Required Direct Labor HoursBeginning Materials InventoryCost Per Pound
Desired Ending InventoryTotal Cost of Direct Materials PurchasesBeginning Materials InventoryDirect Labor Time Per UnitUnits to be ProducedDirect Materials PurchasesTotal Pounds Required for ProductionDirect Labor Cost Per HourCost Per PoundTotal Required Direct Labor HoursDirect Materials Per UnitTotal Direct Labor CostTotal Materials Required
Desired Ending InventoryDirect Materials Per UnitUnits to be ProducedTotal Cost of Direct Materials PurchasesDirect Materials PurchasesTotal Direct Labor CostDirect Labor Cost Per HourTotal Pounds Required for ProductionBeginning Materials InventoryCost Per PoundDirect Labor Time Per UnitTotal Materials RequiredTotal Required Direct Labor Hours
$ $Beginning Materials InventoryTotal Materials RequiredCost Per PoundDirect Materials PurchasesDirect Labor Cost Per HourTotal Cost of Direct Materials PurchasesTotal Direct Labor CostTotal Pounds Required for ProductionTotal Required Direct Labor HoursUnits to be ProducedDesired Ending InventoryDirect Labor Time Per UnitDirect Materials Per Unit
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Explanation / Answer
DIRECT LABOUR BUDGET :
1st quarter 2nd quarter Six month Production unit 5320 6300 11620 Direct labour hour per unit 2 2 2 labour hour for production 10640 12600 23240 Rate per labour hour 16 16 16 Direct labour cost 170240 201600 371840