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GuDViN [60]
3 years ago
6

Sleep Tight, Inc., manufactures bedding sets. The budgeted production is for 20,900 comforters this year. Each comforter require

s 1.5 hours to cut and sew the material. The cost of cutting and sewing labor is $14.50 per hour. Determine the direct labor budget for this year. $
Business
1 answer:
gayaneshka [121]3 years ago
7 0

Answer:

Direct labor budgeted cost= $454,575

Explanation:

Giving the following information:

The budgeted production is for 20,900 comforters this year.

Each comforter requires 1.5 hours to cut and sew the material.

The cost of cutting and sewing labor is $14.50 per hour.

To calculate the direct labor budget, we need to determine the total amount of direct labor hours and then multiplying it to the direct labor hour cost.

The total amount of hours= 20,900*1.5= 31,350 hours

Direct labor budgeted cost= 31,350 *14.5= $454,575

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If mega corp. borrows $9,000 and agrees to pay the lender $10,500 in one year, the annual interest rate on this loan is approxim
kap26 [50]
In simple interest, the interest rate is
i=(10500-9000)/9000=16.67%

In compound interest, compounded monthly,
10500=9000(1+i/12)^12
=>
APR=12(10500/9000)^(1/12)-1
=11.155%
(effective interest is still 16.67%)
5 0
2 years ago
Ramort Company reports the following cost data for its single product. The company regularly sells 20,000 units of its product a
kotykmax [81]

Answer:

Contribution margin per unit= $33

Explanation:

Giving the following information:

The company regularly sells 20,000 units of its product for <u>$60 per unit. </u>

<u>Direct materials $ 10 per unit </u>

<u>Direct labor $ 12 per unit</u>

<u>Overhead costs for the year Variable overhead $ 3 per unit </u>

Fixed overhead per year $ 40,000

Selling and administrative costs:

<u>Variable $ 2 per unit </u>

Fixed $ 65,200

Normal production level= 20,000 units

Contribution margin= Selling price - unitary variable costs

Unitary variable cost= direct materials + direct labor + variable manufacturing overhead + variable selling and administrative

Unitary variable cost= 10 + 12 + 3 + 2= $27

Contribution margin per unit= 60 - 27= $33

3 0
3 years ago
Clear Waters Snorkeling Equipment Company has had major losses for the last few years. U.S. Representative Snow has introduced a
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Answer:

C. II only

Explanation:

8 0
3 years ago
An article in a 2006 issue of Journal of Behavioral Decision Making reports on a study involving 47 undergraduate students in a
stich3 [128]

Answer: Yes

Explanation:

If the difference in average spending amounts between the two groups is determined to be statistically significant, it would be legitimate to draw such a conclusion.

Why?

Those who were told that it was a Tuition rebate, a reward of sorts, had spent on average, $22.04 whilst those who thought it was simply bonus income had spent significantly less at $9.55.

This means that indeed there is a CAUSE and EFFECT conclusion to be drawn between what the money was called and how much was spent because it is clear that when called a tuition rebate, more of it is spent as opposed to it being called a Bonus income.

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2 years ago
The USDA maintains ethanol has an impact on food prices. "Higher ethanol production definitely and directly raises the price of
aleksklad [387]

Answer:

new corn farmers will enter the market and decrease the market price.

Explanation:

In regards to the information provided, it can be said that in a long term perspective if the production of ethanol keeps increasing then new corn farmers will enter the market and decrease the market price. This is because as ethanol production increases, so does the price of corn. This will continue up to a certain point were profitability for farmers is high and many new farmers will enter the market hoping to profit from the corn as well. All these new farmers will drastically increase the production of corn and as the supply of corn rises the prices will begin to fall.

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