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OLga [1]
2 years ago
11

The production manager of Rordan Corporation has submitted the following forecast of units to be produced by quarter for the upc

oming fiscal year:
Each unit requires 0.35 direct labor-hours, and direct laborers are paid 12.00 per hour.
(b) Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. Instead, assume that the company's direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,600 hours of work each quarter. If the number of required direct labor-hours is less than this number, the workers are paid for 2.600 hours anyway. Any hours worked in excess of 2,600 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.
Business
1 answer:
ANTONII [103]2 years ago
3 0

The rate of 1.5 times the normal hourly rate for direct Labor budget is 34800 31200 31200 31650 128850.

                  Quarter  

Particulars 1    2               3                4                Total

Units     8000     6500            7000          7500  

Direct labor hour 0.35   0.35        0.35                0.35

to produce 1 unit    

Total direct labor 2800    2275    2450       2625  

Rate per labor hour 12  12      12                     12  

Total labour cost 33600 27300 29400 31500 121800.

Labor budget

 Quarter  

Particulars 1     2           3                   4              Total

Units     8000 6500 7000          7500  

Direct labor hour to 0.35    0.35         0.35        0.35

produce 1 unit

Total direct labor 2800 2275 2450 2625  

The excess over        2600                           25  

Payment for

2600 hours 12 31200     31200    31200    31200  

Payment for extra hours          

200*12*1.5           3600        

25*12*1.5                                         450  

Total Labor budget 34800 31200 31200 31650 128850.

Learn more about the Labor budget at

brainly.com/question/17255948

#SPJ4

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When demand is unit elastic, price elasticity of demand equals a. 1, and total revenue and price move in the same direction. b.
yawa3891 [41]

Answer:

a. 1, and total revenue and price move in the same direction

Explanation:

Unit elasticity of demand is when a change in price leads to a proportional change in quantity demanded.

A good has a unit elastic demand when its coefficient of elasticity is equal to one.

If price increases by 20% , quantity demanded falls by 20%.

If price falls by 20%, quantity demanded increases by 20%.

I hope my answer helps you.

4 0
3 years ago
Demand and cost information for a monopoly
sattari [20]

Question:

Please see the Demand and Cost information reproduced in the attached table

Answer:

The correct choice is A)

Profit if maximized where price is equal to $20.

At this price, MR = MC.

Please see the attached PDF.

Explanation:

The profit-maximizing choice for the monopoly will be to produce at the quantity where marginal revenue is equal to marginal cost:

That is, the point where MR = MC.

If the monopoly produces a lower quantity, then MR > MC at those levels of output, and the firm can make higher profits by expanding output.

Cheers!  

8 0
3 years ago
has a standard of 2 direct labor hours per unit. The standard wage rate of each worker is $32.50 per hour. In July, the company
ikadub [295]

Answer:

$130 Favourable

Explanation:

Given the above information,

Standard hours = 2 × 4770 = 9,540

Actual hours = 8,940

Standard rate = $32.50

Then, Direct labor efficiency variance is computed as

= ( Standard hours allowed for production - Actual hours taken) × Standard rate per direct labor hour

= [(2 × 4,770) - 8,940] × $32.50

= [9,540 - 8,940] × $32.50

= 600 × $32.50

= $130 Favourable

6 0
2 years ago
What is a transferable skill ?
ser-zykov [4K]

Answer:

it's 4, a skill you can use in many different situations

8 0
2 years ago
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the
Eduardwww [97]

Answer:

Split-off point:

The split-off point is the point at which products from the joint process appear and are identified.  The costs which are incurred up to the split-off point are called joint costs and the costs that are incurred after the split-off point are called as

Separable costs. Some joint products which emerge from joint process can be sold at the split-off point or some products can be put to further processing.

Compute the profit or loss from the three products as shown below'

Description                                                              A               B               C

Selling price after further processing                    20              13              32

Selling price at the split off point                            16               8        25

Incremental revenue per pound or gallon             4               5         7

Total quarterly output in pounds or gallons     $15,000    $20,000    $4,000

Total incremental revenue                              $60,000   $100,000  $28,000

Total incremental processing costs              $63,000   $80,000  $36,000

Total incremental profit or (loss)                       ($3,000) $20,000  ($8,000)

Therefore the products A and C are need to be sold at the split off point and he product B should be processed further to earn good profits.  

3 0
3 years ago
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