1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
andrew-mc [135]
3 years ago
7

Compute the standard cost for one hat, based on the following standards for each hat: Standard Material Quantity: 3/4 yard of fa

bric at $4.00 per yard Standard Labor: 1 hour at $5.75 per hour Factory Overhead: $2.90 per direct labor hour
Business
1 answer:
Paha777 [63]3 years ago
6 0

Answer:

The standard cost for one hat is $ 11.65

Explanation:

The standard cost of a hat is determined after consider all the manufacturing costs components in it. Based on the data available, it is calculated as under:

Standard Material  3/4 yards @ $ 4 per yard                               $ 3.00

Standard Labor      1 hour at $ 5.75 per hour                               $ 5.75

Factory overhead   $ 2.90 per direct labor hour                         <u>$ 2.90</u>

Standard cost for one hat                                                           <u>$ 11.65</u>

The factory overhead has been considered at one hour, which is the direct labor hour in the standard calculation.

You might be interested in
Most likely, Staples's lower color print price point is aimed at ______.
Darya [45]
I would reccomend going to kinkos instead Staples is much more pricy! Hopefully this helps.
4 0
3 years ago
How does the rate of P2P amongst millennials compare to that of all survey participants? Why do you think millennial usage is so
timurjin [86]

Answer:

Following are the solution to this question:

Explanation:

Millennials are an essential target demographic for the product businesses and constitute a significant portion of the population. Although many citizens have become unemployed and encumbered by student loan debt, millennia will likely become wealthier over the period but are an important market both for marketers and brand stores.

The P2P millennial has a wide pool of friends or associates and has a space of practice and use comparison with one another.

4 0
3 years ago
The first benefit of trade given in Chapter 2 is that "trade makes people better off when preferences differ." How does the stor
Bess [88]

Answer:  Dr. Bostwick was able to provide medical services that did not satisfy his own wants, so he exchanged those services for money that he used to buy things that did. Professor Boudreaux had money but desperately wanted a pediatric gastroenterologist to treat his son.

Explanation:

Trade generates value by transferring goods or services from those who value them less to the people who need them more. The only way people can decide to specialize in the making of a single good or service is because they already know they can trade it for other goods they do need.

In the video 'How the Division of Knowledge Saved My Son's Life', Professor Boudreaux explains that it was thanks to Dr. Bostwick specialization on pediatric gastroenterology that his son´s life was saved.

7 0
3 years ago
Robinson Manufacturing found the following information in its accounting​ records: $ 519 comma 800 of direct materials​ used, $
Damm [24]

Answer:

Cost of good manufactured=  $1507100

Explanation:

To calculate the cost of manufactured goods we need to use the following formula:

Cost of good manufactured= Beginning work in progress+ direct materials of the period + direct labor + manufactured overhead - ending work in progress

Beginning work in progress= 72400

Direct materials = beginning inventory + purchase - ending inventory= 519800

Direct labor= 226700

Manufactured overhead= 775800

Ending work in progress= 87600

Cost of good manufactured= 72400 + 519800 + 226700 + 775800 - 87600= $1507100

5 0
3 years ago
Goodlife inc. is a luxury condominium-building company that is based in the country of el verdad. it sells highly priced homes t
Elena-2011 [213]

Transnational Strategy

Venture to achieve low-cost, mark up products across markets and to foster a flow of skills between different subsidiaries. High cost pressures, high local responsiveness pressures. Actually there are a four kinds of strategy; Global Standardization Strategy, Transnational Strategy, International Strategy, Localization Strategy. 

3 0
3 years ago
Other questions:
  • The benefit of saving some American jobs in specific industries protected from foreign competition Multiple Choice a. has risen
    10·1 answer
  • Can someone please help me?
    13·1 answer
  • Unsystematic Risk:a. can be effectively eliminated by portfolio diversificationb. is compensated for the risk premiumc. is measu
    13·1 answer
  • Undesirable traits that a person should avoid when driving are
    12·2 answers
  • The Work-in-Process inventory account of a manufacturing firm shows a balance of $4,090 at the end of an accounting period. The
    15·1 answer
  • Statement of stockholders’ equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $150,
    5·1 answer
  • 1) ________ refers to the means by which firms attempt to inform, persuade, and remind consumers—directly or indirectly—about th
    9·1 answer
  • A survey of 300 magazine readers was taken because a client has given its advertisement on that magazine. The a matrix has been
    8·1 answer
  • Haas Company manufactures and sells one product. The following information pertains to each of the company’s first three years o
    11·1 answer
  • Pine Street Inc. makes unfinished bookcases that it sells for $58.09. Production costs are $37.97 variable and $10.12 fixed. Bec
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!