Answer:
Budgeted direct labor cost for July = $4,278
Explanation:
Given:
Production in July = 230 units
Hours of direct labor = 1.5 hours per unit
Direct Labor rate = $12.40 per hour
Indirect labor rate = $19.40 per hour.
Find:
Budgeted direct labor cost for July
Computation:
Budgeted direct labor cost for July = (Production in July)(
Hours of direct labor)(
Direct Labor rate)
Budgeted direct labor cost for July = (230)(1.5)(12.4)
Budgeted direct labor cost for July = $4,278
Answer:
$1.236= Estimated manufacturing overhead rate
Explanation:
Giving the following information:
Processing:
Direct labor cost= $44,500
Applied overhead= $55,000
To determine the estimated overhead rate, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
55,000= Estimated manufacturing overhead rate*44,500
55,000/44,500= Estimated manufacturing overhead rate
$1.236= Estimated manufacturing overhead rate
After a recession when the economy starts to expand again, firms tend to increase share repurchases faster than they increase dividends.
An economy is the area of production, distribution, trade and consumption of goods and services. Generally, it is defined as a social domain emphasizing practices, discourses, and material expressions related to the production, use, and management of scarce resources.
Economy is defined as the management of community, business, or family financial matters. An example in economics is the US stock market system.
The economy is the system in which goods are produced and exchanged. Without a viable economy, the nation will collapse. There are three main types of economy: free market, command economy and mixed economy.
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