Preparing a Direct Labor Budget Patrick Inc. makes industrial solvents. Planned production in units for...
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Accounting
Preparing 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
55,000
March
60,000
Each drum of industrial solvent takes 0.3 direct labor hours. The average wage is $18.50 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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