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drek231 [11]
3 years ago
10

In companies that do not have "no lay-off" policies, the total direct labor cost for a budget period is computed by multiplying

the total direct labor hours needed to make the budgeted output of completed units by the direct labor wage rate.
a. True
b. False
Business
1 answer:
kari74 [83]3 years ago
4 0

Answer:

a. True

Explanation:

The formula to compute the total direct labor budget for the budget time period is shown below;

Total direct labor budget = Total direct labor hours required × direct labor wage rate

Through multiplying the direct labor hours required with the direct labor wage rate we can get the total direct labor budget and the same is to be considered

Hence, the correct option is a. True

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Airline F leases all its aircraft under finance leases. Airline O leases all its aircraft under operating leases. Assuming that
Usimov [2.4K]

Answer: e. Airline O has less lease assets at the inception of the lease

Explanation:

With operating leases, the entity leasing the asset or the lessee, does not get the rights to ownership of the asset being leased but instead simply pay a fee or sort of rent for leasing the asset.

With a finance lease however, ownership is passed to the lessee for the lease period and the lessee would have to depreciate the asset and record it in its books.

Airline O will therefore not record any assets but Airline F will. This means that Airline F will have more assets than O because it had to record its assets but O did not.

5 0
3 years ago
Which account is not classified as a selling expense? sales salaries delivery expense cost of goods sold advertising expense?
lord [1]
The three out of four in the choices is classified as a selling expense such as sales salaries, delivery expense, and advertising expense. This three are under the account of selling expense while the Cost of good sold or for short COGS is also classified as an expense but the cogs we sold needs to be matched <span>with the pertinent sales on the </span>income<span> statement.</span>
8 0
3 years ago
Read 2 more answers
​zecola is a beverage manufacturer. it presents wyb, a zero-calorie drink to compete with we fresh's shire, a low-calorie drink.
xenn [34]
The answer to this question is Response
Response is the action that taken by company after experiencing a certain stimulus from the situation in the market.
In this case, zecola response the action taken by its competitor in order to maintain it's positioning in the market
8 0
2 years ago
"A floor broker enters the crowd around the Specialist's (DMM's) post to buy 20,000 shares of ABC at the market for a public cus
erica [24]

Answer: the Specialist/DMM has therefore guaranteed $25 to the trader.

Explanation:

A floor broker is simply referred to as an exchange independent member who acts as a broker for members who are being overloaded with orders

A floor broker enters the crowd around the Specialist's (DMM's) post to buy 20,000 shares of ABC at the market for a public customer. The Specialist (DMM) tells the trader "20,000 shares of ABC have been stopped at 25." This means that the Specialist/DMM has therefore guaranteed $25 to the trader

7 0
2 years ago
Baltimore Inc. reported pretax GAAP income of $45,000 in 2020. In analyzing differences between GAAP income and taxable income,
Reptile [31]

Answer:

Baltimore Inc.

a. Total taxable income = $47,200

b. Income tax payable = $11,800

c. Income tax expense = $11,250

d. Net income = $33,750

Explanation:

a) Data and Calculations:

GAAP determined pretax income =      $45,000

Add nondeductible fines                           5,000

Less exempt municipal interest revenue 2,800

Total taxable income                             $47,200

Income tax (25%)                                      11,800

Income tax expense:

GAAP determined pretax income =      $45,000

Income tax (25%)                                       11,250

Net income                                            $33,750

b) The differences between the GAAP determined pretax income and the tax determined taxable income are due to permanent differences (not temporary).  This implies that there are no deferred tax assets and liabilities and no recoveries from deferred taxes.  However, in reporting its financial performance for the year, Baltimore Inc. still has to comply with the GAAP rules and not the tax rules.

8 0
3 years ago
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