Answer:
Direct Labor Hours Budget 8250
Direct Labor Costs Budget $ 57750
Factory Overhead Budget $ 614250
Explanation:
<em>We multiply the direct labor hours per unit to the number of units to get the total direct labor hours which are again multiplied with the direct labor cost per hour to get the total direct labor costs.</em>
Addison Co.
Direct Labor Budget
Quarter II
Production units 2750
<u>Direct Labor per unit 3 </u>
Direct Labor Hours 8250
<u>Direct Labor Cost / Hr $7 </u>
Direct Labor Costs $ 57750
We multiply the direct labor costs with variable overhead per hour to get the variable costs which are added to the fixed costs per quarter to get the total factory overhead budget.
Addison Co.
Factory Overhead Budget
Quarter II
Direct Labor Hours 8250
<u>Variable OH / Hr $ 9 </u>
Variable Overheads $ 74250
<u>+Fixed Overheads $ 540,000</u>
Factory Overhead Budget $ 614250
Answer:
Since, the merit pay program is based on the performance appraisal. The better the performance, the better will be bonuses and benefits. So you will first have to improve the method of job appraisal.
Explanation:
Answer:
B. geometric rate of return
Explanation:
The geometric mean is the average growth of an investment computed by multiplying n variables and then taking the nth –root. Geometric Average Return is used for computation of Average rate per period on an investment compounded over multiple time periods. It is the average set of products technically defined as the 'n' th root products of the expected number of periods.Geometric mean takes several values and multiplies them together and sets them to the 1/nth power.
Answer:
B. a debit to Allen, Capital for $3,000.
Explanation:
Capital after admission: 220,000
Daniel receives a fifth so 20%: 20% of 220,000 = 44,000
Daniel investment 40,000
So there is a 4,000 bonus that will be taken between the old partners at their share ratio:
Allen 4,000 x 3/4 = 3,000
Daniel 4,000 x 1/4 = 1,000
The journal entry wil lbe:
cash 40,000
allen 3,000
daniel 1,000
davin 44,000
Answer:
= $550,000.
Explanation:
Given that:
- Fixed cost = $500,000
- 1,000 new customer accounts in the first year
- Cost $50 per year to service
As we know that :
the total cost of opening the new branch and remaining open for one year = fixed cost + variable cost
= $500,000 + (50*1000)
= $500,000 + $50,000
= $550,000
Hope it will find you well.