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MAXImum [283]
3 years ago
15

Zhang Industries budgets production of 290 units in June and 300 units in July. Each unit requires 1.5 hours of direct labor. Th

e direct labor rate is $13.80 per hour. The indirect labor rate is $20.80 per hour. Compute the budgeted direct labor cost for July.
Business
1 answer:
8_murik_8 [283]3 years ago
4 0

Answer:

otal labor cost= $6,003

Explanation:

Giving the following information:

Zhang Industries budgets production of 290 units in June and 300 units in July. Each unit requires 1.5 hours of direct labor. The direct labor rate is $13.80 per hour. The indirect labor rate is $20.80 per hour.

Total labor cost= (290*1.5)*13.8= $6,003

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Answer: -$100

Explanation:

Value of forward contract = Selling price - Forward price on bond

Forward price = Present value of cashflows + Present value of bond

Periodic rate = 7%/ 2 = 3.5% per semi annum

= 8% / 2 = 4%

3.5% will be used to discount the payment 6 months from now as that is the 6 month rate. The rest will be 4%.

= (80 / (1 + 3.5%) ) + ( 80 / ( 1 + 4%)²) + (940 / ( 1 +4%)²)

= $1,020.342

= $1,020

Value of forward contract = 920 - 1,020

= -$100

4 0
3 years ago
Why might the unemployment rate underestimate the underutilization of labor​ resources? The unemployment rate might underestimat
DaniilM [7]

Answer:

marginally attached staff and​ part-time staff that hope on getting​ full-time jobs

6 0
3 years ago
____________refers to information being available to users early enough to allow them to use it in the decision process.
S_A_V [24]

Answer:

The correct word for the blank space is: Timeliness.

Explanation:

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7 0
4 years ago
A company that uses a job order costing system would make the following entry to record the flow of direct materials into produc
jonny [76]

Answer:

debit Work in Process Inventory, credit Raw Materials Inventory.

Explanation:

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7 0
3 years ago
On October 1, Robertson Company sold inventory in the amount of $5,800 to Alberta, with credit terms of 2/10, n/30. The cost of
Ira Lisetskai [31]

Answer:

<u><em>October 4</em></u>

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Cost of Sales $350 (credit)

<em>Being Recognition of Inventory and de-recognition of cost of sale</em>

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Trade Receivable $500 (credit)

<em>Being de-recognition of Revenue and Trade Receivables.</em>

Explanation:

The Entries that Robertson Company should enter for the 2 dates are as follows :

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Inventory $ 4,000 (credit)

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Revenue $5,800 (debit)

<em>Being Recognition of Revenue</em>

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Inventory $350 (debit)

Cost of Sales $350 (credit)

<em>Being Recognition of Inventory and de-recognition of cost of sale</em>

Revenue $500 (debit)

Trade Receivable $500 (credit)

<em>Being de-recognition of Revenue and Trade Receivables.</em>

3 0
3 years ago
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