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vfiekz [6]
3 years ago
14

Blue Company produces Trivets. Based on its master budget, the company should produce 13,000 Trivets each month, working 14,500

direct labor hours. During May, only 12,800 Trivets were produced. The company worked 1,600 direct labor hours. The standard hours allowed for May production would be: (Round your final answer to the nearest whole number.)

Business
1 answer:
notsponge [240]3 years ago
4 0

Answer:

14.277 hours.

Explanation:

Please see attachment.

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On January 1, 2018, Lumos Company purchased a machine for $70,200. Lumos uses straight-line depreciation and estimates an eight-
jeka94

Answer:

Gain= $4,200

Explanation:

Giving the following information:

Purchase price (2018)= $70,200

Salvage value= $5,400

Useful life= 8 years

Selling price= $42,000

<u>First, we need to calculate the depreciation expense and accumulated depreciation:</u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (70,200 - 5,400) / 8

Annual depreciation= $8,100

Accumulated depreciation (ending 2021)= 8,100*4= $32,400

<u>If the selling price is higher than the book value, the company gain from the sale. Now, we need to determine the book value.</u>

<u></u>

Book value= purchase price - accumulated depreciation

Book value= 70,200 - 32,400= $37,800

Gain/loss= selling price - book value

Gain/loss= 42,000 - 37,800

Gain= $4,200

6 0
2 years ago
A company has the following information: Net credit sales = $400,000 Net income = $100,000 Average total assets = $80,000 Averag
andre [41]

Answer:

The average collection period of the company is 18 days

Explanation:

The formula for computing the average collection period of the company is as follows:

Average Collection period = 365 / Accounts receivable turnover ratio

where

Accounts receivable turnover ratio is computed as:

Accounts receivable turnover ratio = Net credit sales / Average accounts receivable

Putting the values above:

Accounts receivable turnover ratio = $400,000 / $20,000

Accounts receivable turnover ratio = 20

Now putting the values of the Accounts receivable turnover ratio in the formula of average collection period:

Average collection period = 365 / 20

= 18.25 or 18 days

8 0
2 years ago
What are the similarities and differences between a debit card and a prepaid card?
valkas [14]

Answer:

Credit card

1.Borrow money to make purchases and repay it later

2.Can help build your credit history

3.Likely charged interest if you don't pay your bill in full every month by the due date

Debit card

1.Money deducted from your bank account to pay for purchases

2.Won't help build your credit history

3.No interest charges

8 0
2 years ago
What does it mean when the irs accepts your return.
Pepsi [2]

Answer:

It means that they have gone over your return and it has passed their initial inspection.

Explanation: Hope this helps:)

3 0
2 years ago
Negative impact of high Crime rate in businesses​
Valentin [98]

Answer:

Crime has a huge impact on businesses. It can cause a business to lose customers, employees, and even their physical property. Crime is also a major factor in the cost of doing business.

Theft or vandalism of company property is an example of crime that can have a negative impact on businesses. Businesses that operate in high-crime areas are at risk for theft and vandalism to their facilities and equipment. The cost of replacing or repairing damaged assets can be costly for the business owner.

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