$200.10 is the total direct labor cost for an 8-hour work day if a workers paid $15.00 per hour with an overhead charge of 1.45 and a personal time allowance of 1.15.
When a company incurs direct labor costs, it means that all of the expenses associated to paying employees' wages and other benefits for work that is directly relevant to the production of the company's goods or to the delivery of services are paid by the company.
Direct labor costs are the total expenses incurred by the business for paying employees' wages and other perks in exchange for work that is directly relevant to the production of the business's goods or the rendering of its services.
Direct labor cost is one of the significant components of the company’s product cost. It includes the total paid as wages or the other benefits to the company’s employees. They are related directly to the manufacturing of the company’s product or the provision of the services.
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Answer:
c) keep a portion of deposits in reserves but lend out the rest.
Explanation:
Fractional reserve banking -
It is the system , where the fraction of the bank deposits are backed by the actual cash money on hand and is for the withdrawal purpose .
This helps to expand economy of the country , by lending more .
The bank reserves certain amount with itself and the rest amount is given for the lending purpose .
Answer:
A) 500,000 units
Explanation:
Calculation to determine what the number of units it would have to manufacture during the year would be:
Using this formula
Units produced= Finished goods Ending inventory+Units sold-Finished goods Beginning inventory
Let plug in the formula
Units produced = 60,000 + 510,000 − 70,000
Units produced = 500,000 units
Therefore the number of units it would have to manufacture during the year would be:500,000 units
Answer:
Portfolio return = 7.3%
Explanation:
<em>The portfolio expected rate of return would be the weighted average expected rate of return</em>
Weighted average expected rate of return=
12%× (1000/(3500+1000) + (3,500/(1000+3500)× 6%= 0.073333333
Expected rate of return = 0.073333333
× 100 = 7.3%
Portfolio return = 7.3%
Answer:
YTM = 0.6940%
Explanation:
THe Yield to Maturity (YTM) is the return that you expect from the bond if you held the bond till maturity.
The formula would go as:
YTM = 
Where
F is the face value, or par value
P is the current price
n is the time period, maturity period
Given,
F = 1000
P = 920
n = 12, we have:
YTM = 
Thus, the yield to maturity would be:
YTM = 0.6940%
