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LiRa [457]
3 years ago
14

The manager reported the following information: Budgeted total direct-labor costs $14,000,000 Budgeted total indirect-labor cost

s $8,000,000 Budgeted total direct-labor hours 200,000 Compute the budgeted direct-labor cost rate per direct-labor hour.
Business
1 answer:
Vinil7 [7]3 years ago
8 0

Answer:

budgeted direct-labor rate= $700 per direct labor hour

Explanation:

Giving the following information:

Budgeted total direct-labor costs $14,000,000

Budgeted total direct-labor hours 200,000

To determine the direct-labor cost rate, we need to use the following formula:

budgeted direct-labor rate= total amount of direct labor cost/ total amount of direct labor hours

budgeted direct-labor rate= 14,000,000/200,000= $700 per direct labor hour

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Martin Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and lab
bixtya [17]

Answer:

POAR = $29 per hour

Explanation:

<em>The overhead absorption is a per-determined rate which is used to charge overheads to production units. Note that this rate is computed using estimated figures</em>

The rate is computed as follows:

Pre-determined overhead absorption rate (POAR)

POAR = Budgeted overhead for the period/Budgeted direct labour hours

          = $145,000/5,000 labour hours

          = $29 per hour

         

5 0
4 years ago
During the taking of its physical inventory on December 31, 2014, Barry's Bike Shop incorrectly counted its inventory as $229,13
Naya [18.7K]

Answer:

Assets will be overstated and Net Income understated

Explanation:

The effect on the balance sheet and income statement

<u>Balance Sheet :</u>

Inventory will be overstated

Inventory belongs to the Current Asset group

Meaning Assets will be overstated

<u>Income Statement :</u>

Inventory will be overstated

This reduces cost of sales with an amount greater

Meaning Profits will be overstated

Conclusion

The effect on the balance sheet and income statement would be : Assets will be overstated and Net Income understated.

6 0
3 years ago
When Olga took over as facilities manager for Burlington Furniture Manufacturing, she was shocked to see the factory was still h
Mademuasel [1]

Complete question:

When Olga took over as facilities manager for Burlington Furniture Manufacturing, she was shocked to see the factory was still heated with a coal-fired boiler. She made an immediate decision to upgrade the heating system to something more efficient, and began to research available options. For Olga and Burlington Furniture, this represented a(n) ________ situation.']

A. generic buy

B. new buy

C. adapted buy

D. straight rebuy

E. modified rebuy

Answer:

For Olga and Burlington Furniture, this represented a new buy  situation.

Explanation:

A new purchase is the first case in which a product is purchased. It is crucial for company suppliers to use their line of goods and lots of data to help the consumer make a good decision in this sort of purchasing situation.

A new buying scenario will take longer as testing, review and buying centre members must take a final decision.

A direct re-buy is typically an automated transaction where a manufacturer has a standing order every week or month for a set quantity of items.

7 0
4 years ago
Biometrics (retinal scans, fingerprints, and the like) are mainly used for ____ by large security-minded entities such as bankin
Novosadov [1.4K]

Answer:

Authentication

Explanation:

Authentication involves the process of verifying the identity of a device or person. Authentication is necessary in order to allow only the authorized person have access to a place, a device or a thing.

Authentication types includes;

  • Continuous authentication
  • Digital authentication
  • Project authentication
7 0
4 years ago
3. Michael's employer has recently experienced financial problems, and several rounds of layoffs have occurred. Michael is still
kramer

Answer:

safety

Explanation:

Michael is likely dreading that he will be laid off and lose his job next since several other employees at his organization have already been laid off. Due to this his need for security (stability and safety) is heightened.Thus, in this case, the type of needs that have become heightened are Michael's safety needs

8 0
3 years ago
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