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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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One characteristic that would describe an organization without positive ob is
Irina-Kira [14]
<span>Organizations without positive organizational behavior, or OB, are characterized by resilience. They do not have a single minded focus on winning, humility, compassion, or positive deviance. A lot of these traits would be positive to have, but organizations without positive organizational behavior are more stable, and slow and steady, as opposed to the more volatile and dynamic organizations with positive organizational behavior.</span>
8 0
4 years ago
Determine which measure of inflation should be used in each of the given scenarios. a. You're a buyer at an auto factory, and yo
Lostsunrise [7]

Answer:

a. PPI or Producer Price Index because it measures the input used for production.

b. CPI or Consumer Price Index because it measures the cost of common household purchases.

Explanation:

Inflation is general rise in the price level. There are various measures of inflation such as CPI, RPI, CPIX, CPI-CT and core inflation. This inflation measure selection is based on the scenarios by which criteria is made for selection. The businessmen will measure inflation with a different method as compared to a common man.

a. A factory owner will measure the inflation based on PPI. Producer price index measures the change in price of goods sold by manufacturer.

b. A teacher union will measure the inflation as CPI. Consumer price index is the best measure of inflation for a consumer.

8 0
4 years ago
Mills Corporation acquired as a long-term investment $240 million of 6% bonds, dated July 1, on July 1, 2018. Company management
o-na [289]

Answer and Explanation:

The journal entries and the amount reported on the balance sheet is as follows:

1&2 The journal entries are as follows:

Investment in Bonds $240 million

Premium on Bond Investment $40 million  

               To Cash $280 million

(Being investments in Bonds is recorded)  

Cash (3% × $240 million) $7.2 million

         To Premium on Bonds A/c (Bal Figure) $1.6  million

         To Interest Revenue A/c (2% × $280 million) $5.6 million

(Being Interest is recorded)  

3. Now the amount reported on the balance sheet is

Investment in Bonds $240 million

Original Premium $40  million

Less: Amortization -$1.6 million

Amount to be reported in Balance sheet $278.4 million

3 0
3 years ago
New Products pays no dividend at the present time. Starting in Year 3, the firm will pay a $0.25 dividend per share for two year
In-s [12.5K]

Answer:

You should pay $3.86 to purchase this stock.

Explanation:

Hi, first let me mention that we can find the price of a stock by bringing to present value its future cash flows, in this case, its dividends, therefore we need to bring to present value $0.25 of year 3 and $0.25 of year 4. We also have to bring that constant dividend of $0.75 that the company plans to pay indefinitely, that we can do by using the following formula, discounted at 13%.

PV(4)=\frac{Constant Dividend}{Discount Rate}

Notice that the formula above says PV(4), that is because this formula only brings that perpetual annuity to one period of time before the first payment takes place, therefore this value has to be brought to present value too.

With all the considerations above, this is how everything should look like.

Price=\frac{0.25}{(1+0.13)^{3} } +\frac{0.25}{(1+0.13)^{4} } +\frac{0.75}{0.13} *\frac{1}{(1+0.13)^{4} }

Price=0.17+0.15+3.54=3.86

Therefore, the price of this stock is $3.86

Best of luck.

6 0
4 years ago
What does contingent mean on a real estate listing
agasfer [191]

Answer:

Contingent means "depending on certain circumstances." If a house is listed as contingent in real estate it means that an offer has been made and accepted, but before the deal is complete some additional criteria must be met.

Explanation:

Hope this helps! (I just looked it up) Good luck!!

4 0
3 years ago
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