Answer:
Total direct labor costs= $295,680
Explanation:
Giving the following information:
Each Pod requires 1.4 hours of labor at a labor rate of $9.60 per hour.
Production= 22,000 Pods.
<u>First, we need to calculate the total direct labor hours required:</u>
Total direct labor hours= 22,000*1.4= 30,800 hours
<u>Now, the total direct labor costs:</u>
Total direct labor costs= 30,800*9.6
Total direct labor costs= $295,680
Answer:
Explanation: A - MPS + MPC = 1
The marginal propensity to save (MPS) is the proportion of an household's income that is saved
The marginal propensity to consume (MPC) is the proportion of an household's income that is consumed.
Income is either saved or consumed, therefore the sum of MPS and MPC should equal 1
Explanation:
Since it is given that
Acquiring value of an vacant lot = $115,000
Sale value of the vacant lot in cash = $298,000
Since the sale value is more than the acquiring value which reflects the increment in the asset for $183,000 due to which the profit is also increased for $183,000 i.e retained earnings
Now the effect is shown below:
1. Assets = Increase = $183,000
2. Liabilities = No change = $0
3. Stockholder equity = Increased = $183,000
Answer:
$35,400
Explanation:
The total cost is the sum of the direct and indirect costs. The direct cost is made up of the direct material and direct labour costs. The indirect cost or overheads is a cost to be apportioned based on the estimated total for the year and the units produced during the period
Total direct cost for January = 600 ($20 + $30)
= $30,000
Total indirect cost for January = 600/6000 * $54,000
= $5,400
The total cost of the units made in January was
= $30,000 + $5,400
= $35,400
