All categories

3 years ago

LO 5.2What is the cost of direct labor if the conversion costs are $330,000 and manufacturing overhead is $275,000?

Business

1 answer:

zhenek [66]3 years ago

7 0

Answer:

cost of direct labor = $55,000

so correct option is A. $55,000

Explanation:

given data

conversion costs = $330,000

manufacturing overhead = $275,000

to find out

cost of direct labor

solution

we get here cost of direct labor that is express as

cost of direct labor = Conversion costs - manufacturing overhead ..............1

put here value we will get here

cost of direct labor = $330,000 - $275,000

cost of direct labor = $55,000

so correct option is A. $55,000

You might be interested in

Suppose that you won a lawsuit and were awarded a series of payments of $10,000 a year for 10 years. Assuming an interest rate o

DochEvi [55]

Okay. So it's $10,000 per year, which is $100,000 in 10 years. I'm not so sure how to solve it exactly, but I found a lump sum calculator online. I put the information on that and according to the calculator, today's payment in a lump sum would be $50,894.93. The future value is $100,000 with 10 periods (in this case, years) of the interest rate of 7% once per year. I think that the answer is $50,894.93.

4 0

3 years ago

Tom, Mary and Jill have apartments in the same building. A security system for their building costs $750. Tom is willing to pay

SSSSS [86.1K]

Answer: The efficient outcome is to have the security system installed. After the meeting the security system will be installed, which illustrates the free rider problem.

Free rider is the burden on resource which is been shared, the problem is created by its usage or over-exploitation by individual who aren't paying their fair share.

∴ Here Tom is a free rider. i.e. He is willing to pay $100 where he should've paid $250.

3 0

3 years ago

recent monthly contribution format income statement: Sales$1,652,000 Variable expenses 628,880 Contribution margin 1,023,120 Fix

kati45 [8]

Answer:

Gatty Corporation

1. Segmented Income Statement for the most recent month

Division East Central West Total

Sales $422,000 $650,000 $580,000 $1,652,000

Variable expenses 227,880 169,000 232,000 628,880

Contribution margin $194,120 $481,000 $348,000 $1,023,120

Traceable fixed expenses $268,000 $320,000 $191,000 779,000

Common fixed expenses 346,000

Net operating income (loss) $(73,880) $161,000 $157,000 $(101,880)

2. Assuming these estimates are accurate and implemented, the company's net operating loss of $101,880 will decrease by $69,600 to $32,280.

Explanation:

a) Data and Calculations:

GATTY Corporation

Recent monthly contribution format income statement:

Sales $1,652,000

Variable expenses 628,880

Contribution margin 1,023,120

Fixed expenses 1,125,000

Net operating income (loss) $(101,880)

Segmented Income Statement for the most recent month

Division East Central West

Sales $422,000 $650,000 $580,000

Variable expenses as a percentage of sales 54% 26% 40%

Traceable fixed expenses $268,000 $320,000 $191,000

1. Segmented Income Statement for the most recent month

Division East Central West Total

Sales $422,000 $650,000 $580,000 $1,652,000

Variable expenses 227,880 169,000 232,000 628,880

Contribution margin $194,120 $481,000 $348,000 $1,023,120

Traceable fixed expenses $268,000 $320,000 $191,000 779,000

Common fixed expenses 346,000

Net operating income (loss) $(73,880) $161,000 $157,000 $(101,880)

Segmented Income Statement for the most recent month

Division East Central West Total

Sales $422,000 $650,000 $678,600 $1,750,600

Variable expenses 227,880 169,000 232,000 628,880

Contribution margin $194,120 $481,000 $446,600 $1,121,720

Traceable fixed expenses $268,000 $320,000 $220,000 808,000

Common fixed expenses 346,000

Net operating income (loss) $(73,880) $161,000 $226,600 $(32,280)

$(101,880)

$(32,280)

$69,600

4 0

3 years ago

May 1, 2021, Bibby Company had beginning inventory consisting of 200 units with a unit cost of $7. During May, the company purch

Umnica [9.8K]

Answer:

$7.38

Explanation:

The average cost method recalculates a new cost per unit with each and every purchase made. This new costs would then be used to calculate the costs of goods sold and inventory value.

Average cost per unit = Total Costs ÷ Units available for sale

= (200 x $7 + 800 x $7 + 600 x $8) ÷ 1,600

= $7.375 or $7.38

The average cost per unit for May is $7.38

4 0

3 years ago

What htcn certification level requires candidates have three years of experience in computing investigations for law enforcement

prohojiy [21]

The answer is "Certified Computer Forensic Technician, Basic".

Certified Computer Forensic Technician, Basic is Three (3) years experience specifically identified with the scientific procurement and examination of computerized gadgets including yet not restricted to hard drives, tablets or potentially phones while utilized by a law authorization office or enterprise.

Successfully complete an aggregate of forty (40) hours preparing course(s) for the measurable obtaining and investigation of hard drives, tablets or potentially PDAs given by an affirmed office, association or organization.

Give an account report itemizing your experience got from the measurable obtaining and investigation of computerized gadgets including however not restricted to hard drives, tablets or potentially phones of no less than ten (10) scientific cases while utilized by a law implementation office or company.

4 0

3 years ago