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miv72 [106K]
3 years ago
12

Addison Co. budgets production of 2,790 units during the second quarter. Other information is as follows: Direct labor Each fini

shed unit requires 5 direct labor hours, at a cost of $10 per hour. Variable overhead Applied at the rate of $12 per direct labor hour. Fixed overhead Budgeted at $580,000 per quarter. 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget.
Business
1 answer:
Doss [256]3 years ago
8 0

Answer and Explanation:

1. The preparation of direct labor budget is given below:-

Direct labor budget

Units to be produced              2,790

Hours required per unit          5

Total labor hours needed 13,950

(2,790 × 5)

Labor rate per hour                $10

Direct labor budget               $139,500

(13,950 × $10)

2. The preparation of factory overhead budget is given below:-

Total labor hours needed                 13,950

Variable overhead rate per hour       $12

Budgeted variable overheads           $167,400

(13,950 × $12)

Budgeted Fixed overheads              $580,000

Budgeted total overheads                $747,400

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Hemmer Company reported net income for 2016 in the amount of $43,000. The company's financial statements also included the follo
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Answer:

C. $49,600.

Explanation:

We can find the net cash provided by operating activities using the information given to us in the question. We will start from net income which is $43,000 and then add 5,800 to it because it is a current asset which is decreasing which means that the company received cash for it, then we will subtract 1,900 because it is an increase in inventory and we assume the company paid cash for it because there are no increase in accounts payable, and then we will add 2,700 because depreciation is a non cash expense, therefore we will add it back when we calculate the cash provided by operating activities.

43,000+ 5,800-1,900+2,700=49,600

4 0
2 years ago
When using statistics to support a speech, it is best to do all of the following except:
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When using statistics to support a speech, it is best to do all of the following except:
d. use a lot of statistics in a speech to make the speech exciting.

This is an example of too much tends to overwhelm your audience. A few very well done graphics can convey more and catch their attention.

Statistics are to enhance the message you are relaying.
8 0
3 years ago
Read 2 more answers
Factory Worker<br> A. Natural Resource<br> B. Human Resource <br> C. Capital Resource
sukhopar [10]

Answer:

B. Human Resource

Explanation:

The functions and responsibilities of a factory worker differ depending on the workplace. A factory Worker may operate machinery and tools, work on a  production line, clean and repair equipment, or work as required.

Factory Workers work in manufacturing or processing facilities, are good with their hands, and execute repetitive duties. Factory workers are hence are a human resource.

5 0
3 years ago
The budget director for Kanosh Cleaning Services prepared the following list of expected selling and administrative expenses. Al
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Answer:

Explanation:

c. Determine the amount of prepaid insurance the company will report on its pro forma balance sheet at the end of the fourth quarter.

The answer is 5400 because "at the end of the 4th quarter is only consists of 3 months (oct-dec). By taking the total amount you paid for all 6 months minus what you have to pay for 3 months.

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2 years ago
Suppose the price of a bag of tortilla chips decreases from $3.00 to $2.50 and, as a result, the quantity of tortilla chips dema
Tresset [83]

Answer:

2.20

Explanation:

The Price elasticity will be:

Δdemand/ΔPrice

<u>The mid point is used to calculate the increases.</u>

Δdemand = ΔQ/midpointQ

(Q2+Q1)/2 = mid point quantity = (300+ 200)/2 = 250

ΔQ = 300-200 = 100

Δdemand = 100/250 = 0.4

<u>Same procedure is applied with the Price numbers:</u>

Δprice = ΔP/midpointP

(P2+P1)/2 = mid point price = (3+ 2.5)/2 = 2.75

ΔP = 2.5-3 = 0.5

Δprice = 0.5 / 2.75 = 0.181818

FInally we calculate the price elasticity:

Δdemand/ΔPrice

0.4/0.1818181818 = 2.2

4 0
3 years ago
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