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kari74 [83]
4 years ago
12

g Our company pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for

each employee hour worked. Materials are assigned to each job according to actual cost. If Job M-47 used $350 of materials and took 20 hours of labor to complete, what is the total cost that should be assigned to the job
Business
1 answer:
gulaghasi [49]4 years ago
7 0

Answer:

Total cost= $950

Explanation:

Giving the following information:

Direct labor= $12 per hour

Manufacturing overhead= $18 for each employee hour worked.

Job M-47:

used $350 of materials and took 20 hours of labor to complete

<u>We need to calculate the total cost of Job M-47:</u>

Total cost= direct material + direct labor + allocated overhead

Total cost= 350 + 12*20 + 18*20

Total cost= $950

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2 Points
alisha [4.7K]

Venture most likely to attract a venture  capitalist

C. A one-year-old e-commerce company

Explanation:

A venture capitalist is an investor who invests private equity and provides capital to the companies that exhibit higher potential of growth in the future or are projected to grow on the rate they are growing.

The venture capitalists usually fund a project in exchange for an equity stake in the business.

This could to a new started venture or pre existing businesses that need to expand to newer levels like the one year old e commerce company which is a booming industry.

6 0
3 years ago
Read 2 more answers
Policymakers sometimes propose laws requiring firms to give workers certain fringe benefits, such as health insurance or paid pa
zimovet [89]
I would say that the effects of such positive benefits as health insurance or paid parental leave will make the workplace much more attractive and cause a big rush to obtain employment at such places. It is well to remember that without the sacrifice of labour unions including jailings, beatings and even deaths these benefits would not be there ie they would not come just out of the goodness of someone's heart.
5 0
4 years ago
Kristi is considering an investment that will pay $5,000 a year for 7 years, starting one year from today. How much should she p
KATRIN_1 [288]

Answer:

She should pay $22,819 for this investment.

Explanation:

A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity.

Formula for Present value of annuity is as follow

PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]

Where P = Annual payment = $5,000

r = rate of return = 12%

n = number of years = 7 years

PV of annuity = $5,000 x [ ( 1- ( 1+ 0.12 )^-7 ) / 0.12 ]

PV of Annuity = $22,818.78

3 0
3 years ago
At December 31, 2020, the following information was available for Concord Corporation: ending inventory $35,750, beginning inven
Evgen [1.6K]

Answer:

a. Inventory Turnover = 5.299 times or 5.30 times

b. Days in Inventory = 69 days

Explanation:

a)

To calculate the inventory turnover, we first need to find out the avergae inventory. The average inventory is calculated by adding the opening and the closing inventory and dividing the sum by 2.

  • Average Inventory = (35750 + 63500) / 2 = $49625

The inventory turnover is,

  • Inventory Turnover = Cost of Sales / Average Inventory
  • Inventory Turnover = 263000 / 49625 = 5.299 times or 5.3 times

b)

Days in inventory is the period for which, on average, the inventory is kept and sold completely.

We can calculate days in inventory simply by dividing the number of days for which we are calculating the ratio for, say in this case one years or 365 days by the inventory turnover ratio we calculated.

Days in inventory = 365 / 5.30 = 68.8679 or 69 days

4 0
3 years ago
Many writers have stated that for strategic objectives to be effective, they should be: ​ a. broad - to cover many dimensions of
likoan [24]

Answer:

The answer is option C) Many writers have stated that for strategic objectives to be effective, they should be measurable - to track progress

Explanation:

Many writers have emphasized the need to make SMART strategies.

In other words, there’s a need for specific, measurable, achievable, realistic and timely.

Therefore, developing a prioritization of projects to ensure the high priority ones have the proper resourcing to ensure success requires a high involvement and commitment to track progress.

The high level of involvement of employees ensures that they understand the strategic plan. It increases their level of commitment to ensure the strategy is successfully executed because they understand how their work and the work they’re completing on the project helps the organization to realize some or all of one of their key strategies.

6 0
3 years ago
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