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Answer :
Final answer:
The total cost of direct labor for manufacturing 940 units at 3.5 hours of labor per unit and a labor rate of $15 per hour is $49,350.
Explanation:
A manufacturing company has budgeted production at 940 units for the month. Each unit requires 3.5 hours of labor to produce. The average labor rate is $15 per hour. To calculate the total cost of direct labor for the month, we use the formula: Total cost = Number of units × Hours per unit × Labor rate per hour.
Therefore, the total cost of direct labor = 940 units × 3.5 hours/unit × $15/hour = $49,350.
This calculation shows how to estimate the labor costs involved in producing a specific number of units, which is crucial for budgeting and financial planning in a manufacturing context.
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The total cost of direct labor for the month will be $ 49350, if the company has budgeted production at 940 units for the month, each unit requires 3.5 hours of labor to produce and the average labor rate is $15 per hour.
Explanation:
The given is,
Total units produced in a month
= 940 unit per month
Time for each unit
= 3.5 unit per hour
Labor rate = $15 per hour
Step:1
Total Labor working hours for 940 units,
= Total units × Time for each unit
= 940 × 3.5
= 3290 hours
Step:2
Labor cost total working hours
= Total Labor working hours × Labor cost per hour
= 3290 × 15
= $ 49350
Result:
The total cost of direct labor for the month will be $ 49350, if the company has budgeted production at 940 units for the month, each unit requires 3.5 hours of labor to produce and the average labor rate is $15 per hour.
