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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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Luther Industries currently has 5 million shares outstanding and its stock is currently trading at $40 per share. Assuming Luthe
aliya0001 [1]

Answer:

The Luther's new share price is closest to $16

Explanation:

For computing the new share in case of the stock split, first we have to find out the value of total share which is shown below:

Value of share = Outstanding number of shares × price per share

                        = 5,000,000 × $40

                        = 200,000,000

Now we find out the outstanding shares after the stock split which equal to

= Value of share × stock split ratio

=5,000,000 × 5 ÷ 2

= 12,500,000

Then, compute the new share price which is equal to

= Value of shares ÷ stock split outstanding shares

= 200,000,000 ÷ 12,500,000

= $16

Hence,  Luther's new share price is closest to $16

6 0
4 years ago
Three institutions that deal with human rights violations
Jet001 [13]
<span>European Union.Council of Europe.<span>Organisation of American States (OAS)</span></span>
4 0
3 years ago
ampara Corporation manufactures two styles of lamps long dash Bedford Lamp and Lowell Lamp. The following per unit data are​ ava
zhenek [66]

Answer:

The $ 4 per machine hour is the contribution margin per machine hour for the Lowell​ Lamp.

Explanation:

Since in the question two lamps : Bed-ford lamp and Lowell lamp information is given .

Based on the information mentioned in the question, First we have to calculate the contribution margin per unit. Than we are able to calculate contribution margin per hour.

The computation for Lowell Lamp is given below

The contribution margin per unit = Sales per unit - variable cost per unit

                                                      = $38 - $22

                                                      = $16 per unit

Since, contribution margin per unit is  $16 per unit. So, now we calculate contribution margin per machine hour  which is equals to

Contribution margin ÷ machine hours for Lowell lamp

$16 per unit ÷ 4

= $ 4 per machine hour

Thus, the $ 4 per machine hour is the contribution margin per machine hour for the Lowell​ Lamp.

8 0
3 years ago
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meriva

Answer:

Currency such as notes and coins with the people.

Demand deposits with the banks such as savings and current account.

Time deposit with the bank such as Fixed deposit and recurring deposit.

4 0
3 years ago
A manager must make a decision on shipping. There are two shippers, A and B. Both offer a two-day rate: A for $526 and B for $53
MrMuchimi

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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