Galactic Incorporated manufactures flying drone toys. Sales units for January, February, March, April, and May were 440, 420, 492, 452, and 520 respectively. Budgeted production in units for January, February, and March were 435, 438, and 482 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $22 per hour. The company's variable overhead is $11.00 per unit produced and its fixed overhead is $6,200 per month. Required: 1. Determine the Galactic's direct labor budget for the first quarter. 2. Determine the Galactic's manufacturing overhead budget for the first quarter. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the Galactic's direct labor budget for the first quarter. February Budgeted direct labor cost January < Required 1 March 1st Quarter $ Required 2 > 0
Galactic Incorporated manufactures flying drone toys. Sales units for January, February, March, April, and May were 440, 420, 492, 452, and 520 respectively. Budgeted production in units for January, February, and March were 435, 438, and 482 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $22 per hour. The company's variable overhead is $11.00 per unit produced and its fixed overhead is $6,200 per month. Required: 1. Determine the Galactic's direct labor budget for the first quarter. 2. Determine the Galactic's manufacturing overhead budget for the first quarter. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the Galactic's direct labor budget for the first quarter. February Budgeted direct labor cost January < Required 1 March 1st Quarter $ Required 2 > 0
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter4: Activity-based Costing
Section: Chapter Questions
Problem 2E: Bach Instruments Inc. makes three musical instruments: flutes, clarinets, and oboes. The budgeted...
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