The total cost of direct labor for the month will be $ 49350, if the company has budgeted production at 940 units for the month, each unit requires 3.5 hours of labor to produce and the average labor rate is $15 per hour.
Explanation:
The given is,
Total units produced in a month
= 940 unit per month
Time for each unit
= 3.5 unit per hour
Labor rate = $15 per hour
Step:1
Total Labor working hours for 940 units,
= Total units × Time for each unit
= 940 × 3.5
= 3290 hours
Step:2
Labor cost total working hours
= Total Labor working hours × Labor cost per hour
= 3290 × 15
= $ 49350
Result:
The total cost of direct labor for the month will be $ 49350, if the company has budgeted production at 940 units for the month, each unit requires 3.5 hours of labor to produce and the average labor rate is $15 per hour.
Answer:
Journal Entry to reflect the event is as follow;
Dr. Cr.
Utility Expense $520
Utility bill payable $520
Explanation:
Utility bill is received it means the expense is accrued and it is not due until the month end so a liability will be created and will be paid next month.
Answer:
7.6%
Explanation:
In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below
Expected rate of return = Risk-free rate of return + Global Beta × (Global Market rate of return - Risk-free rate of return)
= 4% + 0.90 × (8% - 4%)
= 4% + 0.90 × 4%
= 4% + 3.6%
= 7.6%
The (Global Market rate of return - Risk-free rate of return) is also called global market risk premium
Answer:
3. a smaller opportunity cost of investment and so planned investment spending increases.
Explanation:
Opportunity cost is defined as the foregone alternative when a person undertakes an activity. For example going to work is the opportunity cost of staying at home to rest.
Opportunity cost is weighed against activity to be undertaken.
In this instance the opportunity cost of investment is the alternative foregone by investors.
As interest rate decreases it makes investment attractive because the cost of doing business decreases. This make other alternatives less attractive (smaller opportunity cost).
Investment now increases.
The monetary regulation agencies use interest rate a tool to either boost or reduce investment. The higher the interest rate th lower investment, and vice versa
Home ownership taxes. this is what you get when you earn when you sale a house.
