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larisa86 [58]
3 years ago
12

Rehmer Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.06 direct labor

-hours. The direct labor rate is $8.00 per direct labor-hour. The production budget calls for producing 5,300 units in June and 5,800 units in July. Required: Prepare the direct labor budget for the next two months, assuming that the direct labor work force is fully adjusted to the total direct labor-hours needed each month. (Round your answers to 2 decimal places.)
Business
1 answer:
Phoenix [80]3 years ago
3 0

Answer:

Results are below.

Explanation:

Giving the following information:

Each unit of output requires 0.06 direct labor-hours.

The direct labor rate is $8.00 per direct labor-hour.

The production budget calls for producing 5,300 units in June and 5,800 units in July.

<u>Direct labor budget June:</u>

Direct labor hours= 5,300*0.06= 318

Direct labor cost= 318*8= $2,544

<u>Direct labor budget July:</u>

Direct labor hours= 5,800*0.06= 348

Direct labor cost= 348*8= $2,784

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Steve Jack and Chelsy Stevens formed a partnership, dividing income as follows: Annual salary allowance to Stevens of $176,130.
denpristay [2]

Answer:

$45,440.00

Explanation:

Jack's interest on capital =5%*$90,000=$4,500.00

Stevens' interest on capital =5%*$111,000=$ 5,550.00  

Net income left to be shared in ratio 1:2 is the net income of $309,000 minus the total interest on capital of $10,050 i.e $4,500+$5,550 and salaries to Stevens

Net income left for sharing=$309,000-$10,050-$176,130=$ 122,820.00  

Jack's share of profit=1/3*$ 122,820.00   =$ 40,940.00    

Stevens' share of profits=2/3*$122,820.00  =$ 81,880.00  

Amount distributed to Jack=$4,500+$ 40,940=$45,440.00  

6 0
3 years ago
The accountant for Lola Corp. was preparing a bank reconciliation as of February 28, 2017. The following items were identified:
ryzh [129]

Answer:

See below

Explanation:

Computation of Lola's Corp adjusted cash book balance at February 28, 2017

Lola Corp's book balance

$35,900

Add:

Interest earned on checking account

$75

Less:.

Customer's NSF check returned by the the bank

$325

Add:

Error in recording customer's check

($110 - $101)

$9

Adjusted cash balance

$35,659

Therefore, Lola Corp's adjusted cash book balance as at February 28, 2017 is $35,659

5 0
2 years ago
Reed, a 15-year-old, has run out of money while on a trip away from home. Martha gives him food, a place to sleep, and his bus f
OLEGan [10]

Answer:

Explanation:

Food, clothing, housing, and medical care are needed. Bus fares are probably also considered necessary, although it can be controversial depending on the distance of a minor. Rules are essential for adolescents to pay for the value of the benefit received. In other words, Reed can reject the contract, but he must take responsibility for any benefit he received from Martha.

5 0
2 years ago
Stocks X and Y have the following data. The market risk premium is 5.0% and the risk-free rate is 4.6%. Assuming the stock marke
Nat2105 [25]

Answer:

b. Stock X has the higher dividend yield.

Explanation:

We solve for the cost of equity of each stock using CAMP then, with the gordon model we determinate the price ofthe share expressed in Dividends.

<em><u>Stock X</u></em>

Ke= r_f + \beta (r_m-r_f)

risk free = 0.046

market rate = 0.09

premium market = (market rate - risk free) 0.05

beta(non diversifiable risk) = 1.5

Ke= 0.046 + 1.5 (0.05)

<em>Ke 0.12100</em>

<u><em>Dividend grow model:</em></u>

D/(r-g) = Value of the share

0.121 - 0.06 = 0.061

D/0.061 =<em> 16.39D</em>

<em><u>Stock Y</u></em>

Ke= r_f + \beta (r_m-r_f)

risk free = 0.046

market rate = 0.09

premium market = (market rate - risk free) 0.05

beta(non diversifiable risk) = 0.5

Ke= 0.046 + 0.5 (0.05)

<em>Ke 0.07100</em>

<em><u>Dividend grow model:</u></em>

D/(r-g) = Value of the share

0.071 - 0.06 = 0.011

D / 0.011 = <em>90.90D</em>

The stock X is value 16.39 times his dividends

while stock Y is valued 90.90 times his dividends

Thus, being Dividend Yield the Dividend per share over the price of the share it will be higher on stock X than stock Y

7 0
3 years ago
Genesee Organics has just bought a new packing machine for its warehouse.
Tcecarenko [31]

Answer:

CCA for year 2 is $164,062.50

Explanation:

Total cost of machine = $750,000

CCA rate = 25%

CCA in year 1 = (Total cost / 2) * CCA rate

CCA in year 1 = ($750,000/2)*0.25

CCA in year 1 = $93,750

For year 2, CCA = (Total cost - CCA in year 1) *CCA rate

For year 2, CCA = ($750,000 - $93,750)*0.25

For year 2, CCA = $164,062.50

Hence, CCA for year 2 is $164,062.50

5 0
3 years ago
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