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BigorU [14]
3 years ago
9

In May direct labor was 40% of conversion cost. If the manufacturing overhead for the month was $120,600 and the direct material

s cost was $29,200, the direct labor cost was:
Business
1 answer:
Mila [183]3 years ago
5 0

Answer:

direct labor= $80,400

Explanation:

Giving the following information:

In May direct labor was 40% of conversion cost. The manufacturing overhead for the month was $120,600.

<u>The conversion costs are the sum of direct labor and manufacturing overhead.</u>

Conversion costs= 120,600/0.6= 201,000

direct labor= 210,000*0.4= 80,400

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You own factory A and factory B. The next cash flow for each factory is expected in 1 year. Factory A has a cost of capital of 3
ziro4ka [17]

Answer: See Explanation

Explanation:

First, we have to calculate the worth of factory A which will be:

= Cash flow / Cost of capital

= $19300 / 3.5%

= $19300 / 0.035

= $551428.57

= $551429

Cost of capital of Factory B = Cash flow / Worth

= $19,900 / $545,000

= 0.0365

= 3.65%

Cost of capital of Factory A = 3.5%

Cost of capital of Factory B = 3.65%

Worth of factory A = $551429

Worth of Factory B = $545,000

Therefore, factory A is more valuable than Factory B and Factory B is more risky than Factory A.

6 0
3 years ago
If a monopsonist offers a wage of $6, he finds that 1,200 people are willing to work for him. This means that the:
lbvjy [14]

If a monopsonist offers a wage of $6, he finds that 1,200 people are willing to work for him. This means that the: a marginal factor cost is $6.

<h3>Monopsonist</h3>

If a monopsonist offers a wage of $6, he finds that 1.200 people are willing to work for him. This means that the O a. total wage cost is $1,200. b. marginal factor cost is $6. O c. total wage cost is $7.200. o d. $6 wage is too high. o e marginal factor cost is $200.

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7 0
2 years ago
Amex Corporation invests excess cash to purchase $25,000 in corporate bonds on March 30, 2018. In addition to the $25,000, Amex
damaskus [11]

Answer:

b. a debit to Held-to-Maturity Debt Investments for $26,000

Explanation:

Investment in corporate bonds is considered as Held-to-Maturity Debt investments.

Date           Accounts Title and Explanation                Debit       Credit

30 Mar 18   Held-to-Maturity Debt investments          $26,000

                   [$25,000 + $1,000)

                           Cash                                                                     $26,000

                  (To record an investment in bonds)

Therefore, in the journal entry, it is debited to Held-to-Maturity Debt investments for $26,000

7 0
3 years ago
Kent and julie are recruiters for sunspree inc. when both of them interview the same applicant, they often find that they have d
BabaBlast [244]

It can be said that kent and julie have Low Inter-rater Reliability.

<h3>What is Inter-rater Reliability?</h3>
  • Inter-rater reliability is a statistical metric used to assess the degree of consensus among various judges or raters.
  • It is employed as a method of evaluating the accuracy of the responses generated by various test items.
  • A test's lower inter-rater reliability may be a sign that its questions are obscure, difficult to understand, or even superfluous.
  • The percentage of items that the judges agree on can be calculated as a straightforward technique to assess inter-rater reliability.
  • This is referred to as percent agreement, and it always falls between 0 and 1, with 0 denoting complete disagreement among raters and 1 denoting perfect agreement.

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5 0
1 year ago
Managers tell employees what to do because employees are not seen as capable of solving problems themselves. employees mostly fe
STALIN [3.7K]
The first two scenarios are  <span>Hierarchical control and the third scenario is Decentralized control. </span>
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3 years ago
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