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Kobotan [32]
3 years ago
8

Synergy Inc. manufactured 5,000 units during the month of March. They incurred direct materials cost of $100,000 and overhead co

st of $40,000. If their per-unit prime cost was $26.00 per unit how much direct labor cost did they incur during March? A) $20,000 B) $35,000 C) $90,000 D) $30,000
Business
1 answer:
babymother [125]3 years ago
3 0

Answer:

D) $30,000

Explanation:

To calculate the prime cost per unit we can use the following formula:

prime cost per unit = direct materials per unit + direct labor per unit = $26

We were given the total direct materials, so to determine the direct per unit we divide that by the total units produced: $100,000 / 5,000 units = $20

direct labor per unit = prime cost per unit - direct materials per unit

direct labor per unit = $26 - $20 = $6

Now to calculate the total labor cost we multiply the direct labor per unit ($6) times 5,000 units = $30,000

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Demand.

If you found this especially helpful, I'd appreciate if you'd vote me Brainliest for your answer. I want to be able to assist more users one-on-one, as well as to move up in rank! :)
4 0
2 years ago
Suppose you examine the central bank’s balance sheet and observe that since the previous day, reserves had fallen by $100 millio
aksik [14]

Answer:

The Central Bank is trying to increase money supply.

Explanation:

When the Central Bank makes moves to increase reserves, it means that it is simply trying to mop up excess cash from the economy to fight inflation. Spiking inflation means that the power of a currency is gradually being eroded. The Central Bank cannot allow this to happen so it hits the "Reduce Money In Circulation" button. It does this by reviewing upwards, the money reserves which commercial banks must hold with the Central Bank.  

It can also increase the rate at which it lends to the Commercial Banks and Investment houses. Commercial Banks, in turn, transfer the additional cost of borrowing to businesses who will seek loans. This slows down the rate at which money is pumped into the economy.

In the question, however, we notice that the Central Bank has enervated its reserves. This means that it is pumping more money into the economy. This economic move may have been executed to prevent the economy from slipping into a recession or simply to stimulate the economy.

In the short run, increased money supply means, businesses have more access to funds from commercial banks. More funds mean, more investment. Increased investment spending means the businesses will need to expand operations, hire more staff, and the multiplier effect goes on and on.

Cheers!

6 0
2 years ago
What is business office ? why is it established . Give 8 reason​
jarptica [38.1K]

Answer:

Hope it helps

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5 0
3 years ago
If sixty $1,000 convertible bonds with a carrying value of $70,000 are converted into 9,000 shares of $5 par value common stock,
Vinvika [58]

Answer:

Explanation:

The journal entry is shown below:

Bonds payable A/c Dr $60,000

Premium on bonds payable A/c Dr $10,000

           To Common stock A/c $45,000

           To Paid in capital in excess of par A/c $25,000

(Being the conversion of bonds is recorded)

The computation is shown below:

For bonds payable

= sixty $1,000 convertible bonds

That means

= 60 × $1,000

= $60,000

For Premium on bonds payable:

= $70,000 - $60,000

= $10,000

For Common stock:

= 9,000 shares × $5

= $45,000

And, the remaining balance is credited to paid in capital in excess of par

6 0
3 years ago
An important feature of a job order cost system is that each job:_______.
sammy [17]

Answer:

D

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it has it's own distinguishing characteristics ....Form used to record the cost chargeable to a specific job and to determine the total and unit cost of the completed job

6 0
2 years ago
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