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Maurinko [17]
3 years ago
5

Preparing a Direct Labor Budget Patrick Inc. makes industrial solvents. Planned production in units for the first 3 months of th

e coming year is: January 43,800 February 41,000 March 50,250 Each drum of industrial solvent takes 0.3 direct labor hours. The average wage is $18 per hour.Required:Hide Prepare a direct labor budget for the months of January, February, and March, as well as the total for the first quarter. Do not include a multiplication symbol as part of your answer.Patrick Inc.Direct Labor BudgetFor the Coming First QuarterDirect labor budget:JanuaryFebruaryMarchTotalUnits to be producedDirect labor hrs per unitTotal direct labor hrs
Business
1 answer:
san4es73 [151]3 years ago
4 0

Explanation:

The preparation of the direct labor budget is presented below:

                                                 Patrick Inc.

                                            Direct labor budget

Direct labor budget: January     February        March           Total Unit

Unit to be produced 43,800      41,000           50,250          135,050

Direct labor hours per

unit                               0.3           0.3                 0.3                 0.3

Total direct labor

hours                             $18          $18                $18                $18

Direct labor cost       $236,520  $221,400     $271,350     $729,270

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6 0
3 years ago
Scranton Shipyards has $20 million in total investor-supplied operating capital, and its WACC is 10%. Scranton has the following
Setler [38]

Answer: $400,000

Explanation: Given the following :

Operating Income (EBIT) = $4,000,000

Weighted average cost of Capital (WACC) = 10% = 0.1

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Taxes = 40% = 0.4

Economic Value Added (EVA) is given by;

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$4,000,000 × (1-0.4) - (0.1 × 20,000,000)

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6 0
3 years ago
Andy deposited $3,000 this morning into an account that pays 5 percent interest, compounded annually. Barb also deposited $3,000
fiasKO [112]

Answer:

Barb will earn interest on interest yes because she don't retire the interest

Explanation:

a. Barb will earn compound interest both will aearn compound interest.

b. Barb will earn more interest the first year than Andy both are compound annualy. The first year both will earn the same amount of interest.

c. Barb will earn interest on interest yes because she don't retire the interest and reinvest it.

Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of a deposit or loan

d. After five years, Andy will have more money in his account than Barb. No because he spend his interest.

e. Andy will earn more interest the first year than Barb both are compound annualy. The first year both will earn the same amount of interest.

3 0
3 years ago
Jessica purchased a home on January 1, 2018 for $580,000 by making a down payment of $230,000 and financing the remaining $350,0
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Answer:

$32,600

Explanation:

Calculation to determine her itemized deduction if she used the proceeds of the second loan to finish the basement in her home and landscape her yard

Using this formula

Itemized deduction =(Financing amount * 6 percent)+(Additional amount borrowed*interest rate of 8 percent)

Let plug in the formula

Itemized deduction=( $350,000 * 6 percent)+($145,000 *8 percent)

Itemized deduction=($21,000+$11,600)

Itemized deduction=$32,600

Therefore her itemized deduction if she used the proceeds of the second loan to finish the basement in her home and landscape her yard wi be $32,600

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The type of culture that Rahals built was clan culture, when the owners, work to encourage unity to increase their employees' job satisfaction and commitment.

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