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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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although both tariffs and quotas are tools used to restrict or reduce trade, which of the statements best describes their differ
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Both tariffs and quotas are instruments used to impede or reduce trade. Both quotas and tariffs place restrictions on the quantity of imported commodities.

<h3>What are exports and imports?</h3>

Exports: The products and services that a nation produces at home and sells to clients or enterprises abroad are known as exports. The nation selling its goods and services benefits from an infusion of money as a result. Businesses may opt to export their products and services to another country because it allows them to:

Take part in international trade

reach out to new markets

raising sales

Imports : are the products and services that a company or customer buys from another nation. The nation that is making the purchases sees money leave the country as a result. Although most nations want to import less products and services than they export in order to boost domestic revenue, a high amount of imports can be a sign of an expanding economy. This is especially true if the majority of the imports are productive assets, such machinery and equipment, which the receiving nation may utilize to raise the productivity of their own economy.

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7 0
1 year ago
Management of Wee Ones (WO), an operator of day-care facilities, wants the company's profit to be subdivided by center. The firm
m_a_m_a [10]

Answer:

The correct answer is $23,430.

Explanation:

According to the scenario, the given data are as follows:

Total actual revenue = $1,700,000

Irvine Center actual revenue = $561,000

Advertising cost = $71,000

So we can calculate the amount of advertising that would be allocated to the Irvine center by using following formula:

Advertising Cost allocated = (Irvine Center actual revenue × Advertising cost)   ÷ Total actual revenue

By putting the value, we get

= ($561,000 × $71,000)  ÷ ( $1,700,000)

= $23,430.

3 0
3 years ago
The Vice President of Biomedics is trying to decide on the composition of a new product development team. If she chooses members
Marina86 [1]

Answer:

b. Increase in communication and coordination costs

Explanation:

Based on the information provided within the question it can be said that she will likely experience a disadvantage with an Increase in communication and coordination costs. This is mainly due to the fact that those individuals are already used to communicating and coordinating with their teams in a very specific way that they have developed through months of working together. By putting members from different divisions together they have to learn how to coordinate with one another which will take time and money.

8 0
3 years ago
The following information relates to the manufacturing operations of the IMH Publishing Corporation for the year:Beginning Endin
LenKa [72]

Answer:

Raw materials purchased = $111,000

Explanation:

given data

                                           Beginning                       Ending

Raw materials inventory     $47,000                        $50,000

Finished goods                     58,000                          50,000

raw materials use manufacturing = $108,000

solution

we get here Raw materials purchased that is express as

Raw materials purchased + beginning raw material = ending Raw materials + Raw materials used    ...................1

put here value and we get

Raw materials purchased = $50,000 + $108,000 - $47,000

Raw materials purchased = $111,000

6 0
2 years ago
A Disability Income policyowner suffers a disability which was due to the same cause as a previous disability. Both disabilities
Luba_88 [7]

Answer:

C) Recurrent Disability provision

Explanation:

The human body is a fantastic machine but sometimes when you have health problems they don't show up immediately.

For example you might get hit on the right side of your head severely and lose partial hearing from your right ear, but in a couple months you might notice that your short term memory has also been affected. Both disabilities were caused by the injury although one showed up before the other.

The insurance company has to provide the disability benefits without a new elimination period under the recurrent disability provision.

8 0
3 years ago
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