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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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Knowledge Check 01 Zeta Corporation issues $100,000 of 8% bonds maturing in 10 years on January 1, Year 1, when the market rate
alexandr1967 [171]

Answer:

$106,595

Explanation:

Given:

Initial market rate = 9%

Dropped market interest rate, r = 7% per year

or

= 7% × [6 ÷ 12]

= 3.5% = 0.035

Remaining time, n = 9 years = 18 semi annual periods

Now,

Value of the bond at the retirement

= [ PVAF × Interest payment] + [ PVF × face value]

here,

Present value of annuity factor, PVAF = \frac{1 -(1+r) ^{-n}}{r}

or

PVAF = \frac{1 -(1+0.035) ^{-18}}{0.035}

or

PVAF = 13.189

And,

Interest payment = $100,000 × 8% × [6 ÷ 12 ]              [since, 8% bonds]

= $4000

Present value factor = \frac{1}{1.035^{18}}

= 0.538

par value = $100,000

= [13.189 × $40] + [0.538 × 100,000]

= 52,758.7316 + 53,836.114

= $106,595

Hence,

The correct answer is option $106,595

8 0
3 years ago
One person’s spending becomes another person’s income. This statement is
Paha777 [63]

Answer:

d. the Circular Flow Model

Explanation:

Based on the information provided within the question it can be said that this statement is an example of the Circular Flow Model. This model (like mentioned in the question) illustrates the flow of cash from different people or company's in different industries. Where one person/company pays another, which takes it in as income and uses that to pay another company for what they need and so on.

8 0
3 years ago
Does the National Labor Relations Act give an employer the right to plead with workers to
trapecia [35]

The national labor relation act is the act formed by the government to protect right of employers and the employees.

<u>Explanation:</u>

The National Labor Relations Act of 1935 is a primary rule of United States work law which ensures the privilege of private part employees to sort out into worker's guilds, participate in aggregate haggling, and make aggregate move, for example, strikes.

Congress sanctioned the National Labor Relations Act ("NLRA") in 1935 to secure the privileges of representatives and bosses, to energize aggregate dealing, and to shorten certain private area work and the executives rehearses, which can hurt the general government assistance of laborers, organizations and the U.S. economy.

3 0
3 years ago
The cost of equity is: Group of answer choices equal to the amount of asset turnover the weighted average cost of capital the in
san4es73 [151]

Answer:

the rate of return required by investors to incentivize them to invest in a company

Explanation:

In finance, the cost of equity is the Cost of Equity is the rate of return which an organization pays those that invested in equity. The organization uses cost of equity to check how attractive investments are.

It can be calculated by using the CAPM which is Capital Asset Pricing Model

6 0
3 years ago
. Which combination of assets is considered to be money? currency in circulation and in bank vaults, checkable bank deposits, an
Inessa [10]

Answer:

Currency in circulation and in bank vaults , checkable deposits and travelers' check

Explanation:

Money is defined as a generally accepted medium of exchange and a measure of the value of good and services.

One key property of money is liquidity. That to qualify for money , an asset must be in a state that it can easily be converted to cash in a short space of time.

Money must also be durable , divisible ,portable and valuable.

.The only qualified option is Currency in circulation and in bank vaults , checkable deposits and travelers' check

8 0
3 years ago
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