1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Phantasy [73]
2 years ago
15

Silver Spoon Service repairs commercial food preparation equipment. The following budgeted cost data is available for 2019: Time

Charges Material Charges Technicians' wages and benefits $500,000 Parts manager's salary and benefits $72,000 Office manager's salary and benefits 112,000 18,000 Other overhead 48,000 135,000 Total budgeted costs $660,000 $225,000 Silver Spoon has budgeted for 10,000 hours of technician time during the coming year. It desires a $54 profit margin per hour of labor and a 40% profit margin on parts. Silver Spoon estimates the total invoice cost of parts and materials in 2019 will be $500,000. Compute the rate charged per hour of labor.
Business
1 answer:
stepladder [879]2 years ago
5 0

Answer:

The rate charged per hour of labor is 120.

Explanation:

Rate charged per hour of labor is given by:

= Budgeted cost per labor hour + Profit margin

= 660000/10000 + 54  

= 120

Therefore, The rate charged per hour of labor is 120.

You might be interested in
In the Keynesian-cross analysis, if the consumption function is given by C = 20 + 0.7 (Y – T), and planned investment is 100, G
Lyrx [107]

Answer: 500

Explanation:

At equilibrium, it should be noted that,

Y = C + I + G

where ,

C = Consumption = 20 + 0.7(Y - T)

I = Investment = 100

G = Government expenditure = 100

Y = C + I + G

Y = 20 + 0.7(Y - 100) + 100 + 100

Y = 20 + 0.7Y - 70 + 200

Y - 0.7Y = 150

0.3Y = 150

Y = 150/0.3

Y = 500

7 0
3 years ago
Synthetic Fuels Corporation prepares its financial statements according to IFRS. On June 30, 2019, the company purchased equipme
Elza [17]

Answer:

The correct interpretation of the given problem is outlined in the following portion of the explanation.

Explanation:

On 2019,

Company purchased = $540,000

Life useful = 5 years

(1)...

On year 2019,

Depriciation=\frac{Cost - Residual \ Value}{useful \ life}

On putting the values, we get

⇒                   =\frac{540,000-0}{5}

⇒                   =108,000

Journal - Dr $108,000 in depreciation A/c.

(2)...

Assets A/c Dr $ 92,880, To reassess surplus $92,880

Now,

Revalution \ Amount= Carring \ Amount \ of \ Assets \ on \ revaluation \ Date - Valuation \ of \ non \ current \ Assets

On putting the values, we get

⇒                               =432,000 - 524,880

⇒                               =92,880 (Gained revaluation)

(3)...

On year 2020,

Depriciation = \frac{Cost - Residual  \ Value}{ useful \ life}

On putting values,

⇒                  =\frac{524,880}{4}

⇒                  =131,220

Journal - Depreciation A/c Dr. $131,220

.

(4)...

Surplus revaluation: Dr $39,312

Revalution \ Amount = Carring \ Amount \ of \ Assets \ on \ revaluation \ Date - Valuation \ of \ non \ current \ Assets

On putting values,

⇒                               =393,660-354,348

⇒                               =39,312 (Loss revaluation)

3 0
2 years ago
Zelenka Clinic uses client-visits as its measure of activity. During June, the clinic budgeted for 2,700 client-visits, but its
MatroZZZ [7]

Answer:

The administrative expenses in the planning budget for June would be closest to:

  • d. $5,670  ⇒ $5,400 + (2,700 x $0.10) = $5,400 + $270 = $5,670

The net operating income in the planning budget for June would be closest to:

  • c. $16,220  ⇒ ($47.80 x 2,700) - [$50,200 + (2,700 x $23.20)] = $129,060 - ($50,200 + $62,640) = $129,060 - $112,840 = $16,220

The medical supplies in the flexible budget for June would be closest to:

  • d. $18,440 ⇒ $1,700 x (2,700 x $6.20) = $1,700 + $16,740 = $18,440

5 0
2 years ago
Landlord-Tenant relationships are established by lease contracts. State the Rights and Duties of the Landlord-Tenant Relationshi
Delicious77 [7]

Answer: The landlord would have to make the environment conducive for leaving and the tenant would have pay rent and refrain from causing problems

Explanation:

The landlord and tenant have rights and duties to perform. The main duty of the landlord is to meet the warranty of habitability; ensuring the premises is safe and is in livable condition.

Whereas the duty of the tenant is to pay rent, ensure the environment occupied is neat, avoid causing problems for individuals around and refrain using the property for illegal purpose.

The right transferred by lease is an agreement by the tenant (the assignor) to transfer all of his or her rights, title, and interest in the lease to another person (the assignee).

A sublease is the lease of a property by a tenant to a subtenant.

5 0
3 years ago
What are primary and secondary markets?
kotegsom [21]

Answer:

Explanation:

The primary market is the market in which the new securities like bonds, stocks, etc are offered to the general public for the first time or we can say Initial public offer.

The initial public offer is an example of the primary market .

On the other hand, the secondary market is that market in which the securities are purchased or sold through the investors after offering to the general public.  

Example - New York Stock Exchange (NYSE), etc.

8 0
2 years ago
Other questions:
  • Based on an annual disposable income of $40,000, calculate the average amount o money a person would save in japan; in the unite
    11·1 answer
  • Current Attempt in Progress The following information is available for Zoe’s Activewear Inc. for three recent fiscal years. 2022
    12·1 answer
  • Making comparisons if the average historical return on a stock market investment is 11%, why doesn’t everyone put their money in
    13·1 answer
  • This revenue model provides professional services on a time and materials contract. a. utility and usage revenue model b. franch
    15·2 answers
  • Please answer the following questions.
    12·1 answer
  • vProblem 10-4 Partnership Formation (LO 10.2) Elaine's original basis in the Hornbeam Partnership was $40,000. Her share of the
    6·1 answer
  • ADVANCED ANALYSIS Assume the following values for the figures below: Q1 = 20 bags. Q2 = 15 bags. Q3 = 27 bags. The market equili
    12·1 answer
  • The steps in the budgeting process are
    9·1 answer
  • Arguments against industrial policy include all of the following except Select one: a. foreign industrial policy success has bee
    14·1 answer
  • Is there a danger of vendors overstocking walmart shelves by virtue of using retail link and empowering vendors?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!