<u>Solution and Explanation:</u>
The budgeted cost of the direct labor for the month is calcuated as follows:
the given data:
Budgeted production is = 8000 units, time required of direct labor work in order to complete the production is = 40 minutes, the direct labor rate as given in the question is = $100 per hour.
Budgeted cost = time multply with rate of labor multiply with budgeted production
(40/60 multiply with 100) multiply with 8000 = 533,333.33
therefore, the budgeted cost = $533333.33 ( rounded of to 2 places).
Answer:
The answer is D a larger number of firms will lead to a higher average cost
Answer: 189400
Explanation:
The dollar amount of sales that must be made to produce the target income would be:
= (Fixed costs + Target profit) / Contribution margin ratio
= (80000 + 14700) / 50%
= 94700 / 50%
= 94700 / 0.5
= 189,400
Answer:
It will be reported as gain.
Explanation:
If the fair value of the net identifiable assets acquired exceeds the fair value of the consideration given (purchase cost) will be a <u>negative goodwill.</u>
It will be due to <em>"bargain purchase"</em> and the accounting records the "negative goodwill" as a gain in the income statment
Answer:
51 % increase
Explanation:
Stock A price= $23.00
Stock A price after 6 months= $47.00
Increase in price of Stock A= $47 - $23
= $24
Percentage increase in stick price = <u>$24</u> x 100%
$47
= 0.510 x 100%
= 51%
The percentage increase in the price of Stock A is 51%
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