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timama [110]
3 years ago
7

Sleep Tight, Inc., manufactures bedding sets. The budgeted production is for 45,800 comforters this year. Each comforter require

s 1.5 hours to cut and sew the material. The cost of cutting and sewing labor is $21.20 per hour. Determine the direct labor budget for this year. $
Business
1 answer:
Nata [24]3 years ago
8 0

Answer:

$1,456,440

Explanation:

Given that,

Budgeted production = 45,800

Direct labor hours per unit = 1.5

Cost of cutting and sewing labor = $21.20 per hour

Total direct labor hours required:

= Budgeted production × Direct labor hours per unit

= 45,800 × 1.5

= 68,700

Total direct labor cost:

=  Total direct labor hours required × cost per hour

= 68,700 × $21.20

= $1,456,440

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Consider a bond (with par value = $1,000) paying a coupon rate of 7% per year semiannually when the market interest rate is only
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Answer:

Explanation:

Using a financial calculator; input the following;

Duration to maturity ; N = 3*2 = 6

Par value of the bond ; FV = 1000

Semiannual interest rate; I = 3%

Semiannual coupon payment;PMT = (7%/2)*1000 = 35

then compute the price; i.e the present value; CPT PV = 1027.09

The price after 6-months would be as follows;

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Semiannual coupon payment;PMT = (7%/2)*1000 = 35

then compute the price; i.e the present value; CPT PV = 1022.90

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3 years ago
Suppose a commercial bank has checkable deposits of $80,000 and the legal reserve ratio is 20 percent. If the bank's required an
babymother [125]

Answer: $32000

Explanation:

The required reserves will be calculated as:

= Checkable deposit × Legal reserve ratio

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= Required reserves + Excess reserves

= $16,000 + $16,000

= $32,000

8 0
3 years ago
Chataqua Can Company manufactures metal cans used in the food-processing industry. A case of cans sells for $50. The variable co
Salsk061 [2.6K]

Answer:

9

Explanation:

Sales revenue (at $25 per case) ................................$2,000,000 $1,500,000 $2,250,000 Less: Cost of goods sold (at absorption cost of $21 per case) * ............................1,680,000 1,260,000 1,890,000 Gross margin .............................................................$ 320,000 $ 240,000 $ 360,000 Less: Selling and administrative expenses: Variable (at $ .50 per case) ............................40,000 30,000 45,000 Fixed ..............................................................37,500 37,500 37,500 Operating income ......................................................$ 242,500 $ 172,500 $ 277,500 *The absorption cost per case is $21, calculated as follows : production Planned over heading manufacture fixed Budgeted+ case per costing manufacture variable

=($400,000/80,000,)+ $16

= $5 + $16 = $21

1.b. Variable- costing income statement. a In year 4, the difference in reported operating income will be $50,000, calculated as follows: Change in inventory (in units) ×Predetermined fixed .

4 0
3 years ago
Which of the following statements is not true regarding physical properties and changes? 
Viefleur [7K]
The answer, in my opinion, has to only beB
4 0
3 years ago
A consumer values a car at $20000 and it costs a producer $15000 to make the same car. If the transaction is completed at $18000
solniwko [45]

Answer:

The transaction will generate a buyer surplus of $2,000 and a sellers surplus of $3,000

Explanation:

A consumer values a car at $20,000

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The first step is to calculate the buyer's surplus

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= $3,000

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= $18,000-$15,000

= $3,000

Hence the transaction will generate a buyer surplus of $2,000 and a sellers surplus of $3,000

8 0
3 years ago
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