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podryga [215]
3 years ago
8

Mighty Corporation manufactures end tables. Each end table requires .50 direct labor hours in its production. Mighty Corporation

has a direct labor rate of? $15 per direct labor hour. The production budget shows that Mighty Corporation plans to produce? 1,000 end tables in March and? 1,100 end tables in April. What is the total combined direct labor cost that Mighty Corporation should budget in March and? April?
Business
1 answer:
Alenkinab [10]3 years ago
5 0
The total combined direct labor cost that Mighty Corporation should budget in March and April is $15,750. The budgeted amount is calculated using the estimated labor hour to produce the product and the cost of labor hour. Mighty Company needs $7.5 ($15 x 0.5) of labor cost in order to create one end table. Mighty Company needs $7,500 of labor cost in order to produce 1,000 end tables in March and needs $8,250 of labor cost in order to produce 1,100 end tables in April.
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Answer:

$52,710

Explanation:

Calculation for allowance for uncollectible accounts credit balance

Using this formula

Allowance for uncollectible accounts credit balance=Estimated gross uncollectible accounts receivable *Accounts receivable

Let plug in the formula

Allowance for uncollectible accounts credit balance=7%* $753,000

Allowance for uncollectible accounts credit balance=$52,710

Therefore After adjustment at December 31, 2020, the allowance for uncollectible accounts should have a credit balance of $52,710

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2 years ago
According to the law of increasing opportunity cost,
Alenkinab [10]

Answer:

The correct answer is a. production points outside the production possibility frontier are unattainable

Explanation:

Production possibility frontier graph is attached.

The production possibility frontier shows the possibilities of trade off between two products. The trade off in this frontier use all the resources available. So it is impossible to  reach a point outside the frontier, there are not enough resources.

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7 0
3 years ago
Other than directly observing the market, how do most companies get their market research? (Check all that apply.)
kozerog [31]

Other than directly observing the market most companies get their market research from newspaper advertorials and  trusted research vendors .

<h3> Newspaper advertorials </h3>

An advertorial is a form of advertisement in a newspaper, magazine or a website which involves giving information about the product in the form of an article. Usually, a brand pays the publisher for such an article.

<h3> Trusted research vendors </h3>

A market research vendor can provide insights on the best research design for your needs, based on years of experience. They may also have research panels to help you access your target audience most economically and experienced people to conduct interviews or focus groups.

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7 0
2 years ago
.What factors negatively affected the economy of appalachia in the 1950s?\
Vladimir79 [104]
There were a few factors that occurred in the 1950's to affect the economy such as automated loader and undercutting machines in the coal mines. The people of Appalachia depended on the coal mines for their incomes. Coal prices declined in the 1950's and this led to numerous lay-offs and people being unemployed with little jobs in the community. 
4 0
3 years ago
Trendsetters has a cost of equity of 14.6 percent. The market risk premium is 8.4 percent and the risk-free rate is 3.9 percent.
Karolina [17]

Answer:

The answer is option ( C.) Increase of 1.06 percent

Explanation:

Data provided in the question:

Cost of equity = 14.6%

Market risk premium = 8.4%

Risk-free rate = 3.9%

Company's beta = 1.4

Now,

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Hence,

The answer is option ( C.) Increase of 1.06 percent

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3 years ago
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