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Ira Lisetskai [31]
3 years ago
10

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: 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 Budget For the Coming First Quarter Direct labor budget: January February March Total Units to be produced Direct labor hrs per unit Total direct labor hrs Wage rate $ $ $ $ Direct labor cost $ $ $ $
Business
1 answer:
larisa86 [58]3 years ago
3 0

Answer:

Patrick Inc.

Direct Labor Budget

For the Coming First Quarter

Direct labor budget:

                                               January        February          March    Total

Total Units to be produced   43,800          41,000          50,250     135050

Direct labor hrs per unit           0.3                 0.3                    0.3       0.3

Total direct labor hrs            13140              12300               15075    40515

Wage rate $ $ $ $                  18                   18                         18       18

Direct labor cost $ $ $ $     236520        221400              271350      729270

Direct labor cost  Budget  January $ 236520

Direct labor cost Budget February $ 221400

Direct labor cost Budget March $ 271350

Direct labor cost Budget Total $ 729270

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makkiz [27]

Answer:

$142,083

Explanation:

Current asset = Accounts receivable + Cash + Inventory + Marketable securities + Prepaid expenses = 70,256 + 16,928 + 73,062 + 36,421 + 2,512 = $199,179

Current liabilities = Accounts payable + Accrued liabilities + Notes payable (short-term) = 29,317 + 6,298 + 21,481 = $57,096

Working capital = Current assets - Current liabilities = 199,179  - 57,096  = $142,083

6 0
3 years ago
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The ____ flow of information needed from the CSIRT to organizational and IT/InfoSec management is a critical communication requi
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Answer:

The answer to this question is Upward.

Explanation:

CSIRT is at lower level then the organizational and IT/infoSec management in the hierarchical structure.

So if the CSIRT sends some information to organizational and IT/infoSec the flow should be considered as upward flow.

Hence we that the answer to this question is upward.

7 0
3 years ago
On January 1, JC Co. accepted a 60-day, 6%, note in the amount of $10,000 from a customer. On March 2, the due date of the note,
sammy [17]

Answer:

Cash account in the amount of $10,100

Explanation:

The journal entry to be recorded for the receipt of payment is as:

Cash A/c.............................................Dr $10,100

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        Interest Revenue A/c..................Cr  $100

Being recoded the receipt of payment

As payment is received so asset is increasing and any increase in asset is debited. Therefore, cash account is debited. And the note receivable got decrease will be credited and the interest revenue is also credited.

Computation of interest revenue is as:

Interest revenue = Amount × % of note × Days / Number of days in a year

= $10,000 × 6% × 60 / 360

= $100

Note: Assume 360 days in a year

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The thing which the data analysts do during the ask phase are:

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<h3>What is Data Analysis?</h3>

This refers to the use of data to find out the similarity and differences between the different data and how to use it to solve problems.

With this in mind, we can see that during the data analysis process phases, we can see that they include:

  1. Ask
  2. Prepare
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Then in the ask phase, the data analysts have to define the problem and then identify how to solve it.

Read more about data analysis here:

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7 0
2 years ago
If the United States Supreme Court decided a similar case, would that decision be binding on the Nebraska court? Explain. at lea
Stolb23 [73]

Answer:

A lot of information is missing, but the answer is the same whether we are told about a specific case or not. If the US Supreme Court decided on a similar case that is under trial in Nebraska, the Nebraska court must follow the decision and guidelines of the US Supreme Court.

The Supreme Court is the highest court in the US, and its decisions must be followed by all lower courts. If a lower court doesn't follow a Supreme Court decision on a similar case, then an appellate court would reverse the decision.

The Supreme Court does not create laws, but it decides on how they should be enforced.

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