Answer: a. The fees, the interest rates, and the minimum deposit to open the account.
Explanation:
It is important that when opening a savings account, one looks at the financial requirements as well as the gain to them.
They should look at how much they are to pay to maintain the account in terms of bank fees to know if it is an unreasonable figure.
They should look at the interest rates to find out how much their money would increase by. If it isn't high enough, they can leave it.
They should also look at the minimum deposit required so that they are sure of the amount to put in to activate the account.
C is the correct answer because the others are invalid
Answer:
$59,410
Explanation:
With regards to the above information, we need to calculate first, total number of units for first quarter of the year.
Total number of units for first quarter of the year = 2,960 + 2,740 + 3,440
= 9,140
But, each unit requires 0.5 hours of direct labor.
It therefore means that;
1 unit need ----- 0.5 hours of direct labor
9,140 ----- ?
= (9,140 × 0.5) / 1
= 4,570 hours.
Finally, we will multiply the total hours by the payment per hour, or direct labor rate; which is $13 per hour.
= 4,570 × $13
= $59,410
Therefore, the budgeted direct labor cost for the first quarter of the year is $59,410
