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masha68 [24]
2 years ago
9

LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 2.7 hours of direct labor at the r

ate of $23.00 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June. The company plans to sell 46,000 units of Product WZ in June. The finished goods inventories on June 1 and June 30 are budgeted to be 580 and 140 units, respectively. Budgeted direct labor costs for June would be:
Business
1 answer:
In-s [12.5K]2 years ago
6 0

Answer:

$ 2,829,276

Explanation:

The budgeted direct labour cost is going to be based on the budgeted production units.

Production budget = sales budget + closing inventory -opening inventory

Production budget = 46,000  - 140 + 580 = 45,560

Labour budget = Production budget× hours per unit

                        =  45,560× 2.7 hrs × $23

                       =   $ 2,829,276

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Finding dominant strategies is often a very way of analyzing a game. Consider the following game: Microsoft and Apple are the tw
STALIN [3.7K]

Answer: Option A -- Choosing low is a weakly dominant strategy for Apple.

Explanation: Dominant strategy in a game theory can be defined as the course of action that occurs when one strategy/player is better than the other strategy/player regardless of what the other player does or how well the other player may play. dominant strategy is all about a player who has the highest favours in a game. Considering the above matrix, we know that Apple has the dominant strategy. And for apple to choose low is a weakly dominant strategy for it.

7 0
3 years ago
Sam, a third-grader, really likes to look for interesting bugs with other people during recess. Each of Sam's friends offers to
andre [41]

Answer: 1. No.

2. Yes.

Explanation:

Price Discrimination is a pricing strategy where suppliers/producers or sellers sell a good to different people at different prices depending largely on their preference and/or capacity to pay for the commodity i.e, if you want it more, you are charged more.

1. Johnny did not like to play Hopscotch, so offering Suzie one day of Hopscotch for two days of bug hunting is fair and no price discrimination occured as he did not offer these terms to someone else who's game he did not like.

2. Sam knew that Johnny really liked playing Slaps so he leveraged on that and offered him more expensive terms so to speak than he did to Bill even though he liked playing the both games equally. This means that he charged Johnny more than Bill simply because Johnny liked and preferred his game alot which is Price discrimination.

4 0
2 years ago
Zoe Corporation has the following information for the month of March: Purchases $92,000 Materials inventory, March 1 6,000 Mater
Rufina [12.5K]

,Answer:

                                               Zoe Corporation

Statement of Cost of Good Manufactured For the Month Ended March 31

Work in Process Inventory                                                                     22,000

Direct Materials:

Materials inventory, March 1                               6,000  

Purchases                                                          92,000    

Less Materials inventory, March 31              <u>   ( 8,000)</u>

Cost of Materials used in Production                               90,000

Direct Labor                                                                        25,000

Factory Overhead                                                             <u>  37,000</u>

                                                                                                            <u>   152,000</u>

Total Manufacturing Cost                                                                      174,000

Less Work in Process Inventory, March 31                                       <u>   (23,500)      </u>

Cost of Goods Manufactured                                                              150,500

7 0
3 years ago
The last step of the human resource planning system is to: publish a human resource inventory listing the names, ages, job title
Anastaziya [24]

The last step of the human resource planning system is to: establish a strategic plan for recruiting, selecting, training, appraising, compensating, and scheduling the labour force

Explanation:

Human Resource Planning (HRP) is the method of forecasting the company's future human resource demands and deciding how the company's existing human resources expertise can be used to meet these requirements.

The strategy employed by the company to keep a steady supply of qualified personnel while avoiding vacancies or surpluses in its workforce is human resources preparation. A successful HRP approach will mean a company's competitiveness and profitability.

The HRP process consists of four key steps:

  • These include study of current labour supply,
  • Labour demand forecasts,
  • The balance of expected job demand and supply, and
  • Support for organisational priorities.
7 0
3 years ago
The purpose or objectives of competition policy
denis23 [38]

Answer:

to encourage creativity

3 0
3 years ago
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