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saul85 [17]
3 years ago
5

Smith Corporation makes and sells a single product called a Pod. Each Pod requires 1.7 direct labor-hours at $9.90 per direct la

bor-hour. The direct labor workforce is fully adjusted each month to the required workload. Smith Corporation is preparing a Direct Labor Budget for the second quarter of the year. In June the company has budgeted to produce 22,300 Pods.
Budgeted direct labor costs incurred in June would be ______. (Round your intermediate calculations to 2 decimal places.)
Business
1 answer:
Akimi4 [234]3 years ago
5 0

Answer:

$375,308

Explanation:

In this question , we are asked to calculate the budgeted direct labor costs incurred in the month of June.

Firstly, we calculate the ratio of the direct labor cost per pod.

Direct labor cost/Pod = (1.7hours*$9.90/hour)=$16.83

Now, we proceed to calculate the budgeted direct labor cost

The budgeted direct labor cost can be calculated by multiplying the number of pods by direct labor cost/pod

From the question, we identify that the number of pods is 22,300

The budgeted direct labor cost = 16.83 * 22,300 = $375,309

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sweet-ann [11.9K]

Answer:

C. Debit Office Supplies; credit Cash

Explanation:

The journal entry is shown below:

Accounts Payable A/c Dr $675

             To Cash A/c $675

(Being the payment of an account payable is recorded)

For recording this transaction, we debited the account payable account and credited the cash account as cash is paid so it reduces the cash account for $675 so that the correct posting could be done

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Rawls' Theory of Justice.

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True or false: The aggregate demand curve slopes downward because it reflects a direct relationship between the price level and
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The aggregate demand curve slopes downward because it reflects a direct relationship between the price level and the amount of real output demanded. This statement is false.

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It should be noted that a demand curve simply means the graph that illustrates the quantity bought at a price.

In this case, the curve slopes downward because output reduces as price increases. This shows an inverse relationship.

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6 0
2 years ago
If the U.K. exports 14 billion British Pounds of​ products, and imports 10 billion British pounds of​ products, its trade balanc
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D) 4 billion British pounds

Explanation:

Trade balance or balance of trade can be defined as the difference between a country's export and import at a particular period of time.

It could be a deficit or surplus.

Deficit trade balance refers to when the export of a country is less than it's import. This means more products are imported that exported.

Surplus trade balance refers to when export of a country is more than the import.

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The trade balance that occurs here is surplus trade balance where export is more than import.

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