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GenaCL600 [577]
3 years ago
11

Piper Corporation, which manufactures dog toys, is developing direct labor standards. The basic direct labor rate is $12.00 per

hour. Payroll taxes are 13% of the basic direct labor rate, while fringe benefits such as vacation and health care insurance, are $6.00 per hour. What is the standard rate per direct labor hour?
Business
1 answer:
Alex787 [66]3 years ago
6 0

Answer:

Total= $19.56

Explanation:

Giving the following information:

The basic direct labor rate is $12.00 per hour. Payroll taxes are 13% of the basic direct labor rate, while fringe benefits such as vacation and health care insurance, are $6.00 per hour.

<u>The direct labor standard rate per hour is calculated using the direct labor rate, the taxes and fringe benefits.</u>

Standard direct labor rate:

Direct labor rate= 12

Payroll taxes= (12*0.13)= 1.56

Fringe benefits= 6

Total= $19.56

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Company A accounts for its investment in Company B under the equity method. Company A carried the Company B investment at $150,0
Gnoma [55]

Answer:

30%

Explanation:

Calculation for its percentage ownership

Percentage of ownership=($80,000 - $30,000)/$165,000

Percentage of ownership=$50,000/$165,000

Percentage of ownership = 30%

Therefore Assuming that Company A owned the same percentage of Company B throughout 2021, its percentage ownership must have been:30%

3 0
3 years ago
Newark Company has provided the following information: Cash sales, $540,000 Credit sales, $1,440,000 Selling and administrative
KatRina [158]

Answer:

$1,829,000

Explanation:

The computation of the net sales is shown below:

= Cash sales + credit sales - Sales returns and allowances - Sales discounts

= $540,000 + $1,440,000 - $99,000 - $52,000

= $1,829,000

We simply added the cash sales and the credit sales so that the total sales come after that the sales returns and the sales discount is deducted in order to determine the net sales

This is the answer but the same is not provided in the given options

8 0
3 years ago
You need to have $32,000 in 14 years. You can earn an annual interest rate of 3 percent for the first 4 years, 3.6 percent for t
melomori [17]

Answer:

PV= 19,042.84

Explanation:

Giving the following information:

You need to have $32,000 in 14 years. You can earn an annual interest rate of 3 percent for the first 4 years, 3.6 percent for the next 3 years, and 4.3 percent for the final 7 years.

<u>To calculate the initial deposit, we need to use the following formula for each interest rate:</u>

<u></u>

PV= FV/(1+i)^n

<u>Last 7 years:</u>

PV= 32,000/(1.043^7)

PV= $23,831.96

<u>Year 4 - 7:</u>

PV= 23,831.96/1.036^(3)

PV= 21,432.88

<u>Finally, for year 0 to 4:</u>

PV= 21,432.88/ 1.03^(4)

PV= 19,042.84

3 0
3 years ago
"Finn Company reported assets of $1,000 and stockholders’ equity of $600. What amount will Finn report for liabilities?"
FrozenT [24]

Answer:

Liabilities = $400

Explanation:

The basic accounting equation that is used states that the value of total assets is always equal to the value of the sum of total liabilities and total equity. The we can state the equation as,

Assets = Liabilities + Equity

To calculate the value of liabilities, we input the available value of assets and equity in the equation.

1000 = Liabilities  +  600

1000 - 600 = Liabilities

Liabilities = $400

4 0
3 years ago
An organization adopts the ______________ concept when it takes steps to know a much about the consumer as possible, combined wi
Mandarinka [93]

Answer:

market segmentation

Explanation:

An organization adopts the <u>market segmentation</u> concept when it takes steps to know a much about the consumer as possible, combined with a decision to base marketing, product, and strategy decisions on this information.

Market segmentation is the process of <u>dividing a market of potential customers into groups, or segments, based on different characteristics.</u> The segments created are composed of <u>consumers who will respond similarly to marketing strategies and who share traits such as similar interests, needs, or locations</u>.

3 0
3 years ago
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