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Free_Kalibri [48]
3 years ago
14

Crane Company reported total manufacturing costs of $390000, manufacturing overhead totaling $59000, and direct materials totali

ng $64000. How much is direct labor cost?
Business
1 answer:
Marta_Voda [28]3 years ago
7 0

Answer:

$267,000

Explanation:

Total manufacturing cost refers to the sum of all expenses incurred by a firm in the production process in a period.  Total manufacturing cost is compared with total revenue to determine profitability. The calculation of total manufacturing involves additional direct materials,  direct labor, and overhead costs.

Therefore, total manufacturing cost = Direct materials +Direct labor + overhead costs.

For crane company:

$390,000= $59,000 + $ 64,000 + direct labor

= $390,000= $123,000 + direct labor

=Direct labor =$390,000-$123,000

=$267,000

You might be interested in
Why are us firms moving manufacturing jobs overseas?
inysia [295]
United States based firms are moving manufacturing jobs overseas simply because they can get away with paying workers in foreign countries WAY less than in America. They also do not need to follow the strict labor laws and provide benefits to outsourced employees.
8 0
3 years ago
An oil and gas producing company owns 42,000 acres of land in a southeastern state. It operates 630 wells which produce 18,000 b
valkas [14]

Answer:

The bid amount should be $13,200,264.

Explanation:

An oil and gas producing company owns 42,000 acres of land in a southeastern state.

It operates 630 wells which produce 18,000 barrels of oil per year and 1.7 million cubic feet of natural gas per year.

The revenue from the oil is ​$1,800,000 per year and for natural gas the annual revenue is ​$581,000 per year.

Total Annual Revenue

= Revenue from oil + Revenue from gas

= $1,800,000 + $581,000

= $2,381,000

The bid amount should be the present worth of total annual revenue.

Present Worth of total annual revenue

= Revenue \times\ \frac{( 1 + i )^{n} -1 }{i (1 + i)^{n} }

= $2,381,000\ \times\ \frac{( 1 + 0.11 )^{9} -1 }{0.11 × (1 + 0.11)^{9} }

= $2,381,000\ \times\ \frac{( 1.11 )^{9} -1 }{0.11 × (1.11)^{9} }

= $2,381,000\ \times\ \frac{2.5580 - 1 }{0.11 × 2.5580 }

= $2,381,000\ \times\ \frac{1.5580 }{0.281}

= $2,381,000\ \times\ 5.544

= $13,200,264

7 0
3 years ago
Linda purchased a washing machine and dryer set for $1,299 on a deferred payment plan. She needs to pay $80
lisov135 [29]

Answer:

In six months, Linda will pay : $480

Final payments :$819

Explanation:

The monthly payments are $80 for six months.

For six months, Linda will have paid $80 times six months

=$80 x 6

=$480

The amount for her final payments will be the total of the two items  minus the installment payments

=$1,299 - $480

=$819

7 0
3 years ago
PB3.
astraxan [27]

Answer:

The unit costs are $ 4.87 for 70 % Conversion Costs

The unit costs are $ 5.54 for finished goods

Explanation:

Total Materials cost = $ 115,080

Material Costs  for one unit= $ 115,080/ 34000= $ 3.3847= $ 3.39

Conversion Costs= $ 72,072

Conversion Costs for one unit = $ 72072/34000 * 70%= $ 1.4838= $ 1.48

Total Cost per unit= $ 3.39 + $ 1.48= $ 4.87

Process Cost summary

Quantity Schedule

Materials = ($3.39 *34,000)=                   $ 115,080

Cost Added by Department:                     Total Cost             Unit Cost

Materials=                                                  $ 115,080                $ 3.39

Conversion Costs

Labor + Overheads ( 1.48 * 34,000)=       $ 50,320               $ 1.48

Units still in process ($ 72072- $ 50320) = $ 19,752              $0.58

Total cost to be accounted for                   $ 187,152                $ 5.54

3 0
4 years ago
Write a letter to your friend telling him/her about your health condition? ​
erik [133]

Answer:

Explanation:

Dear Y,                                                                                                                          

How are you? I hope you are well. I received your letter two days ago. But I could not answer in time because of my illness.

 

On last Saturday I went to school as usual. When I was returning home, it started rain. As I was in the way, there was no place to take shelter. As a result I got drenched. Soon after reaching home, I started coughing. I caught acute cold fever by night. Since then, I have been suffering from fever. Father took me to a doctor. But the doctor said that it would take at least 5 days to get cured. So, I am in bed now.  

 

No more today. Take care of you and don’t move while it’s raining. Please pay a visit to our house if possible. Waiting for your reply.

 

Your loving friend

X

4 0
3 years ago
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