Answer:
The budget direct labor cost for the first quarter of the year is $57,774
Explanation:
Units per month:
January = 2,680
February = 2,600
March = 2,740
Total of units first quarter of year = 2,680+2,600+2,740= 8,020
So, "Each unit requires 0.6 hours of direct labor"
We need to multiply the units by the hours of direct labor
*why ?
Rule of three
1 unit need --------- 0.6 hours direct labor
8,020---------------- ?
= (8,020 x 0.6) / 1
= 4,812 / 1
= 4,812 hours we need to produce the total units
Finally: we need to multiply the hours by the payment per hour, or direct labor rate that is $12
4,812 x $12= $57,774 is the budget direct labor cost for the first quarter of the year.
Answer: d. $5,350
Explanation:
According to 2020 tax laws, a dependent minor such as Julie Jefferson here can claim a standard deduction that is the greater of:
a. $1,100 or,
b. earned income + $350 so long as it does not exceed $12,400.
Julie's applicable standard deduction is therefore:
= 5,000 + 350
= $5,350
<em>This is greater than $1,100 and so is her applicable standard deduction. </em>
Answer:
B. 904,000
Explanation:
Ash Company should report as supplemental information the amount of cash paid to suppliers = cost of goods sold + increase in inventory + decrease in accounts payable
cash paid to suppliers = $875,000 + ($83,000 - $69,000) + ($107,000 - $92,000) = $875,000 + $14,000 + $15,000 = $904,000
Apparently Ash Company buys and then resells goods, which means that one of its largest cash outflows should be suppliers. That is why it should provide supplemental information about cash paid to them.
Answer:
it will take 44.79 months for him to pay off the credit card assuming that he makes no additional charges
Explanation:
NPER(18.5%/12,-230,7400)=44.79 months