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MaRussiya [10]
3 years ago
9

Seaworthy Designs manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled

labor. Seaworthy uses standard costs to prepare its flexible budget. For the first quarter of the​ year, direct materials and direct labor standards for one of their popular products were as​ follows: Direct​ materials: 4 pounds per​ unit; $6 per pound Direct​ labor: 2 hours per​ unit; $19 per hour During the first​ quarter, Seaworthy produced​ 2,000 units of this product. Actual direct materials and direct labor costs were​ $66,000 and​ $326,000, respectively. For the purpose of preparing the flexible​ budget, what is the total standard direct labor cost at a production volume of​ 2,000 units?
Business
1 answer:
VARVARA [1.3K]3 years ago
3 0

Answer:

$76,000

Explanation:

If we are going to prepare a flexible budget we need to calculate how much Seaworthy should have spent in labor costs in order to produce 2,000 units:

labor cost = 2 hours per unit x $19 per hour x 2,000 units = $76,000

If we compare the flexible budget to Seaworthy's actual costs, we will find an unfavorable variance of $250,000 (=$326,000 - $76,000). Obviously something went wrong with Seaworthy's production.

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umka21 [38]

The question given is incomplete.

Following is written the complete question.

http://www.viddler.com/embed/bc9e993

After watching the video answer the following questions:

1. What are the points of difference, or unique attributes, for GoPro products?

2. What are GoPro’s primary target markets?

3. Describe the new product development process used at GoPro. How is it similar to and different from the process described in your lesson and the textbook?

4. Which of the eight reasons for new product failure did GoPro avoid to ensure the success of its products?

<h2>Answer:</h2>

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I hope it will help you!

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7 0
3 years ago
When using the simple EOQ model to determine optimal order quantity, which of the following is true?
Morgarella [4.7K]

Answer:

C. Order quantity increases as holding cost per unit per year decreases

Explanation:

the formula for calculating economic order quantity (EOQ) is:

EOQ = √(2SD/H)

  • S = cost per order
  • D = annual demand
  • H = holding cost per unit

If holding cost per unit (H) decreases, the EOQ will increase. Whenever you are dividing, if the denominator decreases, the result will be larger.

3 0
3 years ago
A company has the following selected account balances: Sales $ 250,000 Sales Discounts 1,500 Sales Returns and Allowances 2,300
Ulleksa [173]

Answer:

$121,200

Explanation:

Calculation to determine the gross profit that would appear on a multiple-step income statement

First step is to determine the Net sales

Sales $ 250,000

Less Sales Discounts ($1,500)

Less Sales Returns and Allowances ($2,300 )

Net sales $246,200

Now let determine the Gross profit using this formula

Gross profit=Net sales-Cost of Goods Sold

Let plug in the formula

Gross profit=$246,200-$125,000

Gross profit=$121,200

Therefore the gross profit that would appear on a multiple-step income statement is $121,200

8 0
3 years ago
During December, Far West Services makes a $4,200 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.
Lina20 [59]

Answer

Debit Accounts receivable   $4,200

Credit Revenue account       $3,870.97

Credit State Sales tax payable        $232.26

Credit local Sales tax payable         $96.77

Explanation:

When revenue is earned but cash is yet to be received and sales tax are to be accounted for at 8.5%, the entries required are;

Debit Accounts receivable   108.5%

Credit Revenue account       100%

Credit Sales tax payable         8.5%

Given that the sales tax amount is in addition to the credit sale amount, let the sales revenue be R

6% * R + 2.5% * R + R = $4,200

1.085R = $4200

R = $3870.97

States tax = 6% * $3870.97

=$232.26

Local tax = 2.5% * $3870.97

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5 0
3 years ago
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Angelina_Jolie [31]

Answer:

c

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