November 2008
Beginner
448 pages
11h 33m
English
Content preview from Budgeting Basics and Beyond
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6.7. Direct Labor Budget
The production requirements as set forth in the production budget also provide the starting point for the preparation of the direct labor budget. To compute direct labor requirements, expected production volume for each period is multiplied by the number of direct labor hours required to produce a single unit. The direct labor hours to meet production requirements is then multiplied by the (standard) direct labor cost per hour to obtain budgeted total direct labor costs.
Schedule 4
| Quarter | |||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | Year as a Whole | |
| Units to be produced (Sch. 2) | 980 | 1,820 | 1,920 | 1,380 | 6,100 |
| Direct labor hours per unit[] | × 5 | × 5 | × 5 | × 5 | × 5 |
| Total hours | 4,900 | 9,100 | 9,600 | 6,900 | 30,500 |
| Direct labor cost per hour[] | × $10 | × $10 | × $10 | × $10 | × $10 |
| Total direct labor cost | $49,000 | $91,000 | $96,000 | $69,000 | $305,000 |
| [] | |||||
[] Both are given.
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