Homework Answers
Workings:
| First | Second | Third | Fourth | |
| Quarter | Quarter | Quarter | Quarter | |
| Budeted Sales | 1,100 | 1,350 | 1,600 | 1,850 |
| Add: Desired Ending Inventory | 540 | 640 | 740 | 840 |
| Total requirement | 1,640 | 1,990 | 2,340 | 2,690 |
| Less: Beginning Inventory | 300 | 540 | 640 | 740 |
| Goods to be produced | 1,340 | 1,450 | 1,700 | 1,950 |
DIRECT LABOR BUDGET
| First | Second | Third | Fourth | ||
| Quarter | Quarter | Quarter | Quarter | Total | |
| Goods to be produced | 1,340 | 1,450 | 1,700 | 1,950 | 6,440 |
| Multiply by: Labor Hours per unit | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 |
| Direct Labor Hours needed for production | 670 | 725 | 850 | 975 | 3,220 |
| Multiply by: Labor Cost per hour | $ 14 | $ 14 | $ 14 | $ 14 | $ 14 |
| Budgeted Direct Labor Cost | $ 9,380 | $ 10,150 | $ 11,900 | $ 13,650 | 45,080 |
Note: If you have any doubt, feel free to ask in comment section.
Add Answer to:
Direct Labor Budget For the Year Ended December 31, 2019 First Second Third Quarter Quarter Quarter...
Other data for Grady Tir Click the icon to vie Read the requirements. The Grady Tire...
Other data for Grady Tir Click the icon to vie Read the requirements. The Grady Tire Company manufactures racing tires for bicycles. Grady sells tires for $70 each. Grady is planning for the next year by developing a master budget by quarters. Grady's balance sheet for December 31, 2018, follows: (Click the icon to view the balance sheet.) ruwy wewny Production Budget For the Year Ended December 31, 2019 First Second Third Fourth Quarter Quarter Quarter Budgeted tires to be...
Other data for Grady Tire Company: Click the icon to view the other data.) Read the...
Other data for Grady Tire Company: Click the icon to view the other data.) Read the requirements The Grady Tire Company manufactures racing tires for bicycles. Grady sells tires for $70 each. Grady is planning for the next year by developing a master budget by quarters. Grady's balance sheet for December 31, 2018, follows: (Click the icon to view the balance sheet.) Grady Tire Company Direct Materials Budget For the Year Ended December 31, 2019 First Second Third Quarter Quarter...
Other data for Grady Tire Compar (Click the icon to view the oth Read the requirements....
Other data for Grady Tire Compar (Click the icon to view the oth Read the requirements. The Grady Tire Company manufactures racing tires for bicycles. Grady sells tires for $70 each. Grady is planning for the next year by developing a master budget by quarters. Grady's balance sheet for December 31, 2018, follows: (Click the icon to view the balance sheet.) Review the direct labor budget you prepared above. Grady Tire Company Manufacturing Overhead Budget For the Year Ended December...
The Grady Tire Company manufactures racing tires for bicycles. Grady sells tires for $70 each. Grady...
The Grady Tire Company manufactures racing tires for bicycles. Grady sells tires for $70 each. Grady is Other data for Grady Tire Com planning for the next year by developing a master budget by quarters. Grady's balance sheet for (Click the icon to view the December 31, 2018, follows: B (Click the icon to view the balance sheet.) Read the requirements Selling and Administrative Expense Budget For the Year Ended December 31, 2019 First Second Third Fourth Quarter Quarter Quarter...
Homework: P22-41 Score: 45.52 of 100 pts 1 of 1 (1 complete) P22-41A (similar to) The...
Homework: P22-41 Score: 45.52 of 100 pts 1 of 1 (1 complete) P22-41A (similar to) The Grady Tire Company manufactures racing tires for bicycles. Grady sells tires for $70 each. Grady is Other data for Grady Tire Compar planning for the next year by developing a master budget by quarters. Grady's balance sheet for (Click the icon to view the oth December 31, 2018, follows: (Click the icon to view the balance sheet.) Read the requirements Cash Receipts from Customers...
Balance Sheet December 31, 2018 Assets Current Assets: Cash Accounts Receivable Raw Materials Inventory 66,000 35,000...
Balance Sheet December 31, 2018 Assets Current Assets: Cash Accounts Receivable Raw Materials Inventory 66,000 35,000 6,800 11.600 119,400 Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation 142,000 (106,000) 36,000 155,400 Total Assets Liabilities 5,000 Current Liabilities: Accounts Payable Stockholders' Equity Common Stock, no par $ Retained Earnings Total Stockholders' Equity 110,000 40,400 150,400 Total Liabilities and Stockholders' Equity $ 155,400 1. Prepare Gilder's operating budget and cash budget for 2019 by quarter. Required...
The Gerard Tire Company manufactures racing tires for bicycles. Gerard sells tires for $90 each. Gerard...
The Gerard Tire Company manufactures racing tires for bicycles.
Gerard sells tires for $90 each. Gerard is planning for the next
year by developing a master budget by quarters. Gerard’s balance
sheet for December 31, 2018, follows:
Other data for Gerard Tire Company:
Budgeted sales are 1,500 tires for the first quarter and
expected to increase by 200 tires per quarter. Cash sales are
expected to be 10% of total sales, with the remaining 90% of sales
on account.
Finished...
The Gerard Tire Company manufactures racing tires for bicycles. Gerard sells tires for $90 each. ...
The Gerard Tire Company manufactures racing tires for bicycles.
Gerard sells tires for $90 each. Gerard is planning for the next
year by developing a master budget by quarters. Gerard’s balance
sheet for December 31, 2018, follows:
Other data for Gerard Tire Company:
Budgeted sales are 1,500 tires for the first quarter and
expected to increase by 200 tires per quarter. Cash sales are
expected to be 10% of total sales, with the remaining 90% of sales
on account.
Finished...
The Giseppe Tire Company manufactures racing tires for bicycles. sells tires for $80 each. Giseppe is...
The Giseppe Tire Company manufactures racing tires for bicycles.
sells tires for $80 each. Giseppe is planning for the next year by
developing a master budget by quarters. balance sheet for
follows
Requirements:
1.Prepare Giseppe'operating budget and cash budget for 2019 by
quarter. Required schedules and budgets include: sales budget,
production budget, direct materials budget, direct labor budget,
manufacturing overhead budget, cost of goods sold budget, selling
and administrative expense budget, schedule of cash receipts,
schedule of cash payments, and...
P22-41A (similar to) Question Help The Gavin Tre Comm and year by game Click the icon...
P22-41A (similar to) Question Help The Gavin Tre Comm and year by game Click the icon to view the o tires for bicycles Gavin a tres for a long for the budget by Quarters. Gavi's balance sheet for December 31, 2018 blows c h t ) Other data for Gavin The Company Center) ed schedules and budgets include but production budget direct material budget direct laborbut manufacturing overheads ts, schule of cash payments, and cash budget. Man g e d...
Other data for Grady Tir Click the icon to vie Read the requirements. The Grady Tire Company manufactures racing tires for bicycles. Grady sells tires for $70 each. Grady is planning for the next year by developing a master budget by quarters. Grady's balance sheet for December 31, 2018, follows: (Click the icon to view the balance sheet.) ruwy wewny Production Budget For the Year Ended December 31, 2019 First Second Third Fourth Quarter Quarter Quarter Budgeted tires to be...
Other data for Grady Tire Company: Click the icon to view the other data.) Read the requirements The Grady Tire Company manufactures racing tires for bicycles. Grady sells tires for $70 each. Grady is planning for the next year by developing a master budget by quarters. Grady's balance sheet for December 31, 2018, follows: (Click the icon to view the balance sheet.) Grady Tire Company Direct Materials Budget For the Year Ended December 31, 2019 First Second Third Quarter Quarter...
Other data for Grady Tire Compar (Click the icon to view the oth Read the requirements. The Grady Tire Company manufactures racing tires for bicycles. Grady sells tires for $70 each. Grady is planning for the next year by developing a master budget by quarters. Grady's balance sheet for December 31, 2018, follows: (Click the icon to view the balance sheet.) Review the direct labor budget you prepared above. Grady Tire Company Manufacturing Overhead Budget For the Year Ended December...
The Grady Tire Company manufactures racing tires for bicycles. Grady sells tires for $70 each. Grady is Other data for Grady Tire Com planning for the next year by developing a master budget by quarters. Grady's balance sheet for (Click the icon to view the December 31, 2018, follows: B (Click the icon to view the balance sheet.) Read the requirements Selling and Administrative Expense Budget For the Year Ended December 31, 2019 First Second Third Fourth Quarter Quarter Quarter...
Homework: P22-41 Score: 45.52 of 100 pts 1 of 1 (1 complete) P22-41A (similar to) The Grady Tire Company manufactures racing tires for bicycles. Grady sells tires for $70 each. Grady is Other data for Grady Tire Compar planning for the next year by developing a master budget by quarters. Grady's balance sheet for (Click the icon to view the oth December 31, 2018, follows: (Click the icon to view the balance sheet.) Read the requirements Cash Receipts from Customers...
Balance Sheet December 31, 2018 Assets Current Assets: Cash Accounts Receivable Raw Materials Inventory 66,000 35,000 6,800 11.600 119,400 Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation 142,000 (106,000) 36,000 155,400 Total Assets Liabilities 5,000 Current Liabilities: Accounts Payable Stockholders' Equity Common Stock, no par $ Retained Earnings Total Stockholders' Equity 110,000 40,400 150,400 Total Liabilities and Stockholders' Equity $ 155,400 1. Prepare Gilder's operating budget and cash budget for 2019 by quarter. Required...
The Gerard Tire Company manufactures racing tires for bicycles.
Gerard sells tires for $90 each. Gerard is planning for the next
year by developing a master budget by quarters. Gerard’s balance
sheet for December 31, 2018, follows:
Other data for Gerard Tire Company:
Budgeted sales are 1,500 tires for the first quarter and
expected to increase by 200 tires per quarter. Cash sales are
expected to be 10% of total sales, with the remaining 90% of sales
on account.
Finished...
The Gerard Tire Company manufactures racing tires for bicycles.
Gerard sells tires for $90 each. Gerard is planning for the next
year by developing a master budget by quarters. Gerard’s balance
sheet for December 31, 2018, follows:
Other data for Gerard Tire Company:
Budgeted sales are 1,500 tires for the first quarter and
expected to increase by 200 tires per quarter. Cash sales are
expected to be 10% of total sales, with the remaining 90% of sales
on account.
Finished...
The Giseppe Tire Company manufactures racing tires for bicycles.
sells tires for $80 each. Giseppe is planning for the next year by
developing a master budget by quarters. balance sheet for
follows
Requirements:
1.Prepare Giseppe'operating budget and cash budget for 2019 by
quarter. Required schedules and budgets include: sales budget,
production budget, direct materials budget, direct labor budget,
manufacturing overhead budget, cost of goods sold budget, selling
and administrative expense budget, schedule of cash receipts,
schedule of cash payments, and...
P22-41A (similar to) Question Help The Gavin Tre Comm and year by game Click the icon to view the o tires for bicycles Gavin a tres for a long for the budget by Quarters. Gavi's balance sheet for December 31, 2018 blows c h t ) Other data for Gavin The Company Center) ed schedules and budgets include but production budget direct material budget direct laborbut manufacturing overheads ts, schule of cash payments, and cash budget. Man g e d...
Most questions answered within 3 hours.
-
Examines the roles of health as an input to and output from a
production function and...
asked 47 seconds ago -
Simkin Corporation keeps careful track of the time required to
fill orders. Data concerning a particular...
asked 1 minute ago -
If the p-value for a hypothesis test is 0.027 and the chosen
level of significance is...
asked 14 minutes ago -
what are the different types of regulations governing
international trade ?
one of u answers in...
asked 17 minutes ago -
whether the indicator increase or decrease with development
1. Under 5 mortality
2. Maternal mortality rate...
asked 15 minutes ago -
Determine and explain for each of the materials below (a)
Electron geometry of a Central atom,...
asked 24 minutes ago -
IBM BOND HAS 20 YEARS TO MATURITY, COUPON IS 7%, ANNUAL PAYMENT,
PAR IS 1000. IF...
asked 30 minutes ago -
The goal in this assignment is to perform various matrix
multiplications. Input matrices A and B...
asked 31 minutes ago -
Chromium has a density of 7.14 g/mL. It forms a cubic- I ( body
centered cubic)...
asked 34 minutes ago -
A utility company wants to build a coal-fired power plant. The
would normally build a conventional...
asked 37 minutes ago -
1. Consider the Fusion reaction 3H +3H -> 4He + 2 n How much
energy is...
asked 39 minutes ago -
Suppose that I want to construct a confidence interval for a
two-sample problem with degrees of...
asked 47 minutes ago