The budgeted direct labor cost per unit of product

Assignment Help Financial Management

Reference no: EM131948517

1. Sparks Corporation has a cash balance of $15,300 on April 1. The company must maintain a minimum cash balance of $12,500. During April, expected cash receipts are $61,000. Cash disbursements during the month are expected to total $71,500. Ignoring interest payments, during April the company will need to borrow:

$4,800

$7,700

$12,500

$10,500

2. LHU Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 4.2 hours of direct labor at the rate of $21.00 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June.

The budgeted direct labor cost per unit of Product WZ would be:

$88.20 per unit

$58.80 per unit

$21.00 per unit

$9.40 per unit

Reference no: EM131948517

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