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Prepare a direct labor budget for donnegal company

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Reference no: EM13507511

Donnegal Company makes and sells artistic frames for pictures. The controller is responsible for preparing the master budget and has accumulated the following information for 2014.

 
January
February
March
April
May
Estimated unit sales
10,300
11,900
8,900
8,900
8,200
Sales price per unit
$50.2
$47.5
$47.5
$47.5
$47.5
Direct labor hours per unit
2.3
2.3
1.6
1.6
1.6
Wage per direct labor hour
$8
$8
$8
$9
$9

Donnegal has a labor contract that calls for a wage increase to $9 per hour on April 1. New labor-saving machinery has been installed and will be fully operational by March 1.

Donnegal expects to begin the year with 15,060 frames on hand and has a policy of carrying an end-of-month inventory of 100% of the following month's sales, plus 40% of the second following month's sales.

(a) Prepare a production budget for Donnegal Company by month and for the first quarter of the year.

(b) Prepare a direct labor budget for Donnegal Company by month and for the first quarter of the year. The direct labor budget should include direct labor hours.

Reference no: EM13507511

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