Answer:
$1,548,000
Explanation:
The computation of the total budgeted direct labor cost is shown below:
= Number of units to be produced × number of hours per unit × labor cost per hour
= 34,400 units × 3 hours × $15
= $1,548,000
We simply multiplied the number of units to be produced with the number of hours per unit and the labor cost per hour so that the accurate amount can come
Answer:
Monetary policy instruments:
(a) Reserve requirements:
It is the part or portion of the deposits with the banks that have to be kept with the fed. If this reserve ratio increases then as a result money supply decreases because now banks have to keep more funds with the fed.
(b) Open market operations:
It is a monetary policy instrument used by the Federal reserve for controlling the money supply in an economy. When there is a need to increase the money supply then fed purchases the government securities from the public and vice versa.
(c) Discount rate:
It is the interest rate at which federal reserve lends money to the banks. If there is an increase in this rate then banks have to pay higher interest to the fed. This will reduce lending capability of the banks and hence, decreases the money supply.
Answer: $12,900
Explanation:
Bottling department cost of ending work in process inventory will be the cost of the equivalent units for ending WIP for both Materials and Conversion.
Cost of Ending WIP = Cost of Materials WIP + Cost of Conversion WIP
= (1,800 * 3) + (1,500 * 5)
= $12,900
Answer:
<em>Journal entry to record the issuance of materials</em>
Date Accounts & explanation Debit Credit
Work in process $61,600
(2,800+24,000+3,200+31,600)
Factory overhead $1,620
Material $63,220
(To record the issuance of material)
Answer:
B. Was a hygiene factor rather than a motivator
Explanation:
The Herzberg theory of motivation identified two factors of motivation, which are the hygiene factor and the motivators.
The hygiene factors include, good pay, job security, fringe benefit etc. These factors doesn't give positive satisfaction or motivators but their absent causes dissatisfaction. on the other hand the motivators give positive satisfactions the motivators includes recognition for one's achievement, responsibility, involvement in decision making, having sense of importance to an organization