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26 September, 14:57

Guiness Inc. has a budgeted production of 8,000 units. Each unit requires 40 minutes of direct labor work to complete. The direct labor rate is $100 per hour. What is the budgeted cost of direct labor for the month

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  1. 26 September, 16:56
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    Solution and Explanation:

    The budgeted cost of the direct labor for the month is calcuated as follows:

    the given dа ta:

    Budgeted production is = 8000 units, time required of direct labor work in order to complete the production is = 40 minutes, the direct labor rate as given in the question is = $100 per hour.

    Budgeted cost = time multply with rate of labor multiply with budgeted production

    (40/60 multiply with 100) multiply with 8000 = 533,333.33

    therefore, the budgeted cost = $533333.33 (rounded of to 2 places).
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