Discuss important factors that affect pay levels in a business.

A company’s production budget requires the following units of a single product for the upcoming year: 1st quarter 60,000 units 2

maks197457 [2]

Answer:

165,000 pounds

Explanation:

A Purchase Budget is required to determine the quantities and cost of purchases required for use in production.

Materials Purchase Budget for Second Quarter (Pounds)

Budgeted Production Materials (80,000 x 2) 160,000

Add Budgeted Closing Materials (90,000 x 2 x 25%) 45,000

Total Materials 205,000

Less Budgeted Opening Materials (80,000 x 2 x 25%) (40,000)

Budgeted Material Purchase (pounds) 165,000

Therefore,

Budgeted purchases of material for the second quarter would be 165,000 pounds

8 0

4 years ago

A good, service, or idea consisting of a bundle of tangible and intangible attributes that satisfies consumers' needs and is rec

belka [17]

The answer of the above question is “product”.

3 0

3 years ago

The job of reviewing and evaluating the information used to prepare a company's financial statements

KATRIN_1 [288]

This is called auditing.

<em>Hope this helps!</em>

7 0

3 years ago

Read 2 more answers

An institution is a significant practice, relationship, or organization in a society. Institutions shape the environment in whic

Artemon [7]

Answer:

a. Private Property Rights

b. Political Stability and Rule of Law

c. Open and Competitive Market

d. Private Property Rights

Explanation:

a. By defining private property Rights and giving people a chance to own resources, Individuals will strive to own more and more of such rights and so will produce as much as they can so as to afford such rights.

b. When a nation is Politically stable and respects the Rule of Law, investment payoffs are easier to predict than in a country where instability can threaten to degrade investments such that the payoffs will be lost. For example, think of all the Western firms that lost money when the Shah of Iran was overthrown by the Ayatollah.

c. Specialization is more likely to occur in nations with Open and Competitive Market. An Open Market means that goods can come in from the outside easily. This will have the effect of the country being able to import goods that cost a lot to produce locally and instead focus on producing those goods that they are well adept at producing. This is Specialization. Also as a result of competition, companies will strive to find better ways to make profit above competitors and come up with more efficient ways of Production as a result.

d. The Xiaogang Agreement refers to an agreement by farmers in Xiaogang to subdivide their lands in secret so that they would each own a small part of it. As a result, the farmers had an incentive to produce for themselves as they now owned resources that they could benefit from. This right to Private Property led to a huge boom in Agriculture.

5 0

4 years ago

Samson Company reported total manufacturing costs of $320,000, manufacturing overhead totaling $52,000, and direct materials use

Bingel [31]

Answer:

Direct labor cost is $204,000

Explanation:

Total manufacturing costs $320,000

Manufacturing overhead $52,000

Direct materials used $64,000

How much is direct labor cost ?

Total Manufacturing is all the cost used to manufacture a product by the company. It included all direct and indirect expenses incurred during the period for manufacturing a product.

Use following formula to calculate the Direct labor cost:

Manufacturing cost = Direct Expenses + Manufacturing Overhead

Manufacturing cost = ( Direct Material Expense + Direct labor Expense) + Manufacturing Overhead

$320,000 = ( $64,000 + Direct labor Expense) + $52,000

$320,000 = $64,000 + Direct labor Expense + $52,000

$320,000 = $116,000 + Direct labor Expense

Direct labor Expense = $320,000 - $116,000

Direct labor Expense = $204,000

6 0

4 years ago