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2 years ago

Explain how direct materials standards and direct labor standards are set.

1 answer:

6 0

The standard price per unit for direct materials must reflect the final, delivered cost of the materials, net of any reductions taken. the standard charge is for a specific grade of fabric, purchased particularly lot sizes, and brought by means of a selected type of provider.

Direct materials and direct labor standards can be decided consistently with units without determining in advance the range of units to be manufactured. but because of some constant manufacturing unit overhead prices, it is hard to say that the overhead fee could be Rs X according to the unit.

The predicted rate of materials in keeping with the unit and the predicted quantity usage is needed to help determine a widespread.

Manufacturing companies regularly establish fashionable costs for direct hard work, direct materials, and manufacturing overhead. Well-known cost information comes from a number of resources together with ancient data, product specifications mentioned via product engineers, contracts with suppliers, and hard work union contracts.

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Mazyrski [523]

A company that accepts responsibility for a problem and does all that society expects to solve that problem is using: an accommodative strategy.

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This refers to the type of strategy that a person uses to respond to issues when they happen.

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2 years ago

Seaside issues a bond with a stated interest rate of 10%, face value of $50,000, and due in 5 years. Interest payments are made

mars1129 [50]

Answer:

Total $46,319.9565

Explanation:

We need to calculate the value of the present value of the bond payment

and the maturity using the current market rate

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 2500 (50,000 x 0.10/2)

time 10 (5 years 2 payment per year)

rate 0.06 (12% annual --> divide by 2 to convert semiannual)

$2500 \times \frac{1-(1+0.06)^{-10} }{0.06} = PV\\$

PV $18,400.2176

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 50000

time 10

rate 0.06

$\frac{50000}{(1 + 0.03)^{10} } = PV$

PV $27,919.7388

PV bond interest payment $18,400.2176

PV maturity payment $27,919.7388

Total $46,319.9565

3 0

3 years ago

During July at Loeb Corporation, $83,000 of raw materials were requisitioned from the storeroom for use in production. These raw

user100 [1]

Answer:

Debit to work in process for $79,000

Explanation:

The journal entry is shown below:

Work in process Dr $79,000

To Direct material $79,000

(Being requistion from the storeroom is recorded)

Here work in process is debited as it increased the assets and credited the direct material as it decreased the assets

Working note

Total material requisitions. = $ 83,000

Less : Indirect material. =. ($ 4000)

Direct material $79,000

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3 years ago

Please help its multi choice plz

faltersainse [42]

Answer:

the answer is minus depreciation

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3 years ago

Susie has lost her job in a Vermont textile plant because of import competition. She intends to take a short course in electroni

pentagon [3]

Answer:

Seasonal Unemployment

Explanation:

Susie is going through an unwanted unemployment that is caused by the economic changes. This kind of unemployment is called seasonal unemployment. It is caused by the changes that are occurring in the economy due to which certain skills or tasks are being replaced or not required anymore.

Susie is going to change her economic surrounding to fit in better now with the kind of skill set she plans on developing.

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3 years ago