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garri49 [273]
3 years ago
6

asadena Candle Inc. budgeted production of 785,000 candles for January. Each candle requires molding. Assume that six minutes ar

e required to mold each candle. If molding labor costs $18 per hour, determine the direct labor cost budget for January.
Business
2 answers:
Masteriza [31]3 years ago
8 0

Answer:

$1,413,000

Explanation:

Asadena Candle Inc

Estimated Direct Labor Cost Budget for January

Hours required for manufacturing:

Candles (in minutes) =785,000x6

=4,710,000 minutes

Convert 4,710,000 minutes to hours (60mins)

Manufacturing Hours = 4710000/60

Manufacturing Hours =78,500 hours

Hourly rate $18

Total direct labor cost= manufacturing hours x hourly rates

=78500x18

Total direct labor cost= $1,413,000

It will cost Asadena Candle Inc $1,413,000 to produce 785,000 candles.

lakkis [162]3 years ago
5 0

Answer:

Direct labor cost budget is 1,413,000

Explanation:

To get the direct labor cost budget for January first we have to get the direct cost per unit.

Direct cost per unit= direct labor hourly rate * the number of direct labor hours required to complete one unit.

Direct labor hourly rate= $18

The number of direct labor hours required to complete one unit= If we spend 6 minutes for each candle and 1 hour is 60 minutes. So, we use 1/10 of an hour to get 1 candle.

Direct cost per unit= $18 * 1/10=$1.8

The production for January is 785,000 candles.

Then, direct labor cost budget for January is the production multiplied by the direct cost per unit.

Direct labor cost budget=785,000*$1.8=1,413,000

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The expected return can be calculated by multiplying the return in a particular state of economy by the probability of that state occuring.

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If the publisher actually sells 1300 textbooks:

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<h3>The Benefits of Printing More Textbooks</h3>

In today's competitive marketplace, publishers must be strategic in their planning in order to maximize profits. One way to do this is to print more copies of a popular book than initially anticipated. This may seem counterintuitive, but if a publisher knows that a book is in high demand, printing more copies can actually lead to more profits.

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<h3>The complete question: </h3>

A publisher has copies of a philosophy book in its inventory, but it produces 1,000 copies of the book in august that it expects to sell in the upcoming academic year. the price of the book is $120. if the publisher actually sells 1,300 textbooks, then:

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