Need Accounting homework help...PLZ?

Posted on 2014-04-15 06:59:00 in Accounting by MSHAE1996

Direct Labor:

-Machining

Required Time:

-6 hours

Hourly Rate:

-$10 per hour



Direct Labor:

-Assembly

Required Time:

-10 hours

Hourly Rate:

-$8 per hour



Forecasted sales for June, July, August and Sept. are 6,000; 5,000; 8000; and 7000 units respectively. June 1 beginning inventory of the tool set was 1500. The desired ending inventory each month is one-half of the forecasted sales for the following month.



1. Prepare a production budget for the months of june, july, and august.

2. develop a direct labor budget for the months of june, july and august and for each type of direct labor (machining and assembly).

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