Gildan inc is the main manufacturing of ipads in australia, Ask an Expert

Accounting

Gildan, Inc. is the main manufacturing of IPads in Australia. Their budgeted sales for the first quarter of the year 2017 are the following:

Months	IPads	Budgeted Production Units
January	70,000	69,000
February	55,000	58,000
March	60,000	57,000

The company's policy requires maintaining units on hand at the end of each month equal to 20% of next month's budgeted unit sales, and to maintain materials at the end of each month equal to 10% of the next month's production needs. Each IPads requires 4 pounds of material and 15 minutes of direct labor to produce. Employees are paid $15 per hour. Manufacturing overhead is applied at $5.40 per direct labor hour.

Required: Prepare a direct labor budget for the month of February 28, 2017.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92640734

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