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Licemer1 [7]
3 years ago
8

Indicate whether each of the following cost of an automobile manufacturer would be classified as direct materials, direct labor,

or manufacturing overhead.(a) ___ Windshield(b) ___ Engine(c) ___ Wages of assembly line worker(d) ___ Depreciation of factory machinery(e) ___ Factory Machinery lubricants(f) ___ Tires(g) ___ Steering wheel(h) ___ Salary of painting supervisor
Business
1 answer:
SOVA2 [1]3 years ago
3 0

Answer:

Explanation:

The meaning of terms is shown below:

Direct material: The material which is directly related to the production process of the product is known as direct material

Direct labor: The labor who are engaged in production process of the product plus their wages is known as the direct labor

Manufacturing overhead: All the indirect cost related to manufacturing is known as manufacturing overhead i.e depreciation on factory equipment, the salary of supervisor etc

The categorization is given below:

a. Windshield - direct materials

b. Engine - direct materials

c. Wages of assembly line worker - direct labor

d. Depreciation of factory machinery - manufacturing overhead

e. Factory Machinery lubricants - manufacturing overhead

f. Tires - direct materials

g. Steering wheel - direct materials

h. Salary of painting supervisor - manufacturing overhead

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An entrenpeneur knits sweaters for sale. The entrenpeneur has fixed costs of $100. When he makes 10 sweaters in one month, he mu
Likurg_2 [28]

Answer:

marginal cost = $2

Explanation:

given data:

cost on wool when 10 sweater made in one month = $15

cost on wool when 11 sweater made in one month = $17

fixed cost = $100

In case of no other cost present, marginal cost is given by

Marginal cost = cost of eleven sweaters - cost of ten sweaters

                       = $17 -$15

                       = $2

8 0
3 years ago
Wilfred Nadeau owns 300 shares of Consolidated Glue. The​ company's board of directors recently declared a cash dividend of 45 c
dedylja [7]

Answer:

<u>a. Zero dividend.</u>

<u>b. 3.5 new shares</u>;

<em>texes will be paid.</em>

<u>Explanation:</u>

a. March 20 is a date earlier than when the dividends are too be paid on April 18, and as such Wilfred Nadeau<em> will not</em> receive any dividend if he sells his stocks since he no longer has ownership of them.

b. 45 cents dividends per 300 stocks of Wilfred is $135 (reinvestment dividend plan).

With a discount of 3.4% at $39.8 (3.4%*39.8) current price per stock makes the total cost per stock after discount= $38.4.

Dividing the reinvestment dividend plan over the discounted price (135/38.4) = 3.5 new shares, According to the requirements of law the investor must still pay tax annually on his or her dividend income, whether it is received as cash or reinvested.

8 0
3 years ago
The speed and ease by which an asset can be converted into cash is referred to as its risk. liquidity. diversity. safety.
balandron [24]
<span>The answer to the question stated above is liquidity.

The ease with which an asset can be converted quickly into cash with little or no loss of purchasing power is liquidity.

>>>Money is said to be perfectly liquid, whereas other assets have a lesser degree of liquidity.</span>
8 0
3 years ago
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7 0
3 years ago
Rodriquez Company budgeted the following sales in units: January 30,000 February 20,000 March 40,000 Rodriquez's policy is to ha
chubhunter [2.5K]

Answer:

24,000 units

Explanation:

Given:

Budgeted sales for January = 30,000

Budgeted sales for February = 20,000

Opening inventory in January = 7,500

Desired ending inventory = 20% of sales in February

                                        = 0.2 × 20,000

                                        = 4,000 units

Units required in January = 30,000 + 4,000

                                        = 34,000 units

Units to be produced in January = 34,000 - opening inventory

                                                   = 34,000 - 7,500

                                                   = 26,500 units

Budgeted sales for February = 20,000

Budgeted sales for March = 40,000

Opening inventory in February is closing inventory of January = 4,000

Desired ending inventory = 20% of sales in March

                                        = 0.2 × 40,000

                                        = 8,000 units

Units required in February = 20,000 + 8,000

                                        = 28,000 units

Units to be produced in February = 28,000 - opening inventory

                                                         = 28,000 - 4,000

                                                         = 24,000 units

5 0
3 years ago
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