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NARA [144]
3 years ago
7

Ford Corporation is pulling together its direct labor budget for the next two months. Each unit of output requires 0.05 direct l

abor-hours. The direct labor rate is $9.90 per direct labor-hour. The production budget calls for producing 3,800 units in June and 4,300 units in July.Required:Prepare the direct labor budget for the next two months, assuming that the direct labor work force is fully adjusted to the total direct labor-hours needed each month. (Round your answers to 2 decimal places.)Required production in units 3,800 4,300Direct labor-hours per unit 0.05 0.05Total direct labor-hours needed 190 215Direct labor cost per hour $9.90 $9.90Total direct labor cost $1,881.00 $2,128.50
Business
1 answer:
Alchen [17]3 years ago
6 0

Answer:

\left[\begin{array}{ccc}-&$June&$July\\$Units&3,800&4,300\\$Hours per Unit&0.05&0.05\\$Labor Hour&190&215\\$Rate&9.9&9.9\\$Labor Cost&1,881&2,128.5\\\end{array}\right]

Explanation:

3,800 units

x 0.05 hours per unit

190 labor hous

x $9.90 per hour

$1,881

4,300 units

x 0.05 hours per unit

215 labor hours

x $9.90 per hour

$2,128.5

We first multiply units bythe time it takes to do a single unit,

this will be the total labor hours required for the production

Then we apply the labor rate to get the labor cost.

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What are the consequences of unemployment​
Pachacha [2.7K]

Answer:

The personal and social costs of unemployment include severe financial hardship and poverty, debt, homelessness and housing stress, family tensions and breakdown, boredom, alienation, shame and stigma, increased social isolation, crime, erosion of confidence and self-esteem, the atrophying of work skills and ill-health ...

4 0
3 years ago
Read 2 more answers
Only 3 days after the attacks of 9-11, Northwestern Mutual began providing death benefits to surviving families of the first res
Luda [366]

Answer:

Empathy

Explanation:

Empathy is the ability of a person of business entity to understand the thoughts, feelings, and emotions of their customers. It is the ability to personalise the customer's situation.

This makes the business go the extra mile in solving the customer's problem.

In this scenario Northwestern mutual felt the pain and understood the financial needs of the families of first responders during the 9-11 attack.

So without official death certificates they paid death benefits only 3 days after the attacks.

Other insurance companies however did not empathise with their customers and only paid death benefits some months to a year.

5 0
4 years ago
Inventory on the Balance Sheet On the basis of the following data, determine the value of the inventory at the lower of cost or
Tpy6a [65]

Answer:

Total Inventory           250,590‬

Explanation:

We have to pick the lowest price between the istoric cost (FIFO method) and the market value of the goods)

                 units x lowest

Adams     100 x 125 =   12,500

Coolidge 375 x 90  =   33,750

McKinley 220 x 60  =   13,200

Garfield 900 x 115  =  103,500

Lincoln 626 x 140  = <u>    87,640</u>

Total Inventory           250,590‬

7 0
4 years ago
A bank offers a savings account with an annual interest rate of 0.8%, with interest compounded monthly. If you invest $4,000 in
Mnenie [13.5K]

Answer:

FV= $8,913.91

Explanation:

Giving the following information:

Annual interest rate= 0.8% interest compounded monthly

Initial investment= $4,000

Number of periods= 10*12= 120

<u>First, we need to calculate the monthly interest rate:</u>

<u></u>

i= 0.08/12= 0.0067

<u>Now, using the following formula, we can calculate the future value.</u>

FV= PV*(1+i)^n

FV= 4,000*(1.0067^120)

FV= $8,913.91

6 0
4 years ago
In a traditional enterprise, the flow of costs through the system is:
Solnce55 [7]

Answer:

c. materials inventory, work-in-process inventory, finished goods inventory, cost of goods sold.

Explanation:

Costs are not static, they are dynamic, therefore, they move through the value chain.

It all begins with the cost of raw materials that push the whole chain. Afterwards, the cost moves to the work-in-process inventory. When the goods are finished, the cost moves to finished goods inventory, with the storing cost firstly in mind. Lastly, the cost resides with the cost of goods sold, with the added costs of distribution and sales.

Accounting-wise, the flow of cost introduces the LIFO and FIFO systems, which relate to the way how cost is managed throughout the flow - backward or forward.

5 0
3 years ago
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