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dezoksy [38]
3 years ago
10

A company is setting its direct materials and direct labor standards for its leading product. Direct materials cost from the sup

plier are​ $5 per square​ foot, net of purchase discount.​ Freight-in amounts to​ $0.40 per square foot. Basic wages of the assembly line personnel are​ $17 per hour. Payroll taxes are approximately​ 22% of wages. Benefits amount to​ $4 per hour. How much is the direct materials cost standard per square​ foot?
Business
1 answer:
marissa [1.9K]3 years ago
6 0

Answer:

$5.4

Explanation:

If a company is setting its direct materials and direct labor standards for its leading product and Direct materials cost from the supplier are​ $5 per square​ foot, net of purchase discount.​ Freight-in amounts to​ $0.40 per square foot.

Therefore the direct materials cost standard per square​ foot will be: Direct materials cost from the supplier are​ $5 per square​ foot, net of purchase discount., PLUS  Freight-in amounts to​ $0.40 per square foot. which is $5.4 per square foot.

Generally Direct Material Cost is <u>the total cost incurred by the company in purchasing the raw material along with the cost of other components including packaging, freight and storage costs, taxes, etc</u> that are related directly to the manufacturing and production of various products of the company.

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-5, 10, -20, 40,<br> Pattern:<br> Conjecture for next number:
Reika [66]

Answer:

pattern: mulitplied by -2

conjecture for next number: -80

Explanation:

for each number, it gets multiplied by -2.

two negatives make a positive.

:)

3 0
3 years ago
Schneider, Inc., had the following information relating to Year 1: Budgeted factory overhead: $74,800 Actual factory overhead: $
astraxan [27]

Answer:

<u>The actual direct labor hours are 45,000.</u>

<u>The overhead rate for Year 2 is $1.74.</u>

Explanation:

Compute the actual direct labor hours:

\begin{aligned}\text{Actual direct labor hours}&=\dfrac{\text{Applied overheads}}{\text{Overhead rate}}\\&=\dfrac{\$76,500}{1.7}\\&=45,000\end{aligned}

<u>Therefore, the actual direct labor hours are 45,000.</u>

Compute the overhead rate for Year 2:

\begin{aligned}\text{Overhead rate}&=\dfrac{\text{Actual overheads}}{\text{Actual direct labor hours}}\\&=\dfrac{\$78,300}{45,000}\\&=1.74\end{aligned}

<u>Therefore, the overhead rate for Year 2 is $1.74.</u>

<u />

Working note:

Calculate the overhead rate for Year 1:

\begin{aligned}\text{Overhead rate}&=\dfrac{\text{Budgeted overheads}}{\text{Estimated direct labor hours}}\\&=\dfrac{\$74,800}{44,000}\\&=1.7\end{aligned}

7 0
3 years ago
Forced to lay off a number of its employees, including larry kurzyniec. larry, who had been logging for over eighteen years, suf
Shtirlitz [24]

COBRA- Consolidated Omnibus Budget Reconciliation Act, is the name of the federal law that guarantees employees who have lost their jobs continuing access to health insurance.

<h3>What is Federal COBRA?</h3>

When your employment terminates or your hours are reduced, federal COBRA is a law that enables you to preserve your group health coverage. All insured employees, their spouses, ex-spouses, and dependent children must be provided with continuous coverage under federal COBRA. Employers and group health plans with 20 or more members are subject to the federal COBRA.

<h3>How does COBRA work?</h3>

Under certain conditions, including voluntary or involuntary job loss, a reduction in hours worked, a change in employment, death, divorce, and other life events, the COBRA allows employees and their families who lose their health benefits to choose to continue receiving group health benefits from their group health plan for a finite amount of time. The full price for coverage up to 102% of the plan's cost may be demanded of qualified persons.

To know more about Federal laws visit:                                                          brainly.com/question/29439408

#SPJ4

4 0
1 year ago
If the market price is $6.30, in the long run, Group of answer choices new firms will enter the market. existing firms will exit
Rufina [12.5K]

Answer:

Option D. Not enough information to answer this question.

Explanation:

There are number of factors the company considers before entering or exiting the market and some of these include Marginal cost or marginal revenue analysis, project analysis which considers the future cost and benefits by continuing the business, Porter five forces factors consideration before entering, Capabilities and resource analysis, etc.

So merely a price doesn't decides that we going to enter the market or we are leaving the market. Their are chances that we can control the cost of that the competitor starts selling the product at cost which will have harmful impact.

So the information provided to answer this question is not enough.

6 0
3 years ago
A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as p
Jet001 [13]

Answer:

Students believe that if the initiative does not happen, the funds for the initiative will not be spent elsewhere.

Explanation:

The visual appearance is both non rival and non excludable I.e. Pure public good

Benefit is 17*490=8.330

Benefit is greater than cost so college administrators should undertake the beautification initiative

7 0
3 years ago
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