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Klio2033 [76]
3 years ago
6

Addison Co. budgets production of 2,750 units during the second quarter. Other information is as follows: Direct labor Each fini

shed unit requires 3 direct labor hours, at a cost of $7 per hour. Variable overhead Applied at the rate of $9 per direct labor hour. Fixed overhead Budgeted at $540,000 per quarter. 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget.
Business
1 answer:
Ilya [14]3 years ago
5 0

Answer:

Direct Labor Hours   Budget        8250

Direct Labor Costs Budget          $ 57750

Factory Overhead Budget  $ 614250

Explanation:

<em>We multiply the direct labor hours per unit to the number of units to get the total direct labor hours  which are again multiplied with the direct labor cost per hour to get the total direct labor costs.</em>

Addison Co.

Direct Labor Budget

                                           Quarter II

Production units                2750

<u>Direct Labor per unit            3        </u>

Direct Labor Hours           8250

<u>Direct Labor Cost / Hr         $7        </u>

Direct Labor Costs           $ 57750

We multiply the direct labor costs  with variable overhead per hour to get the variable costs which are added to the fixed costs per quarter to get the total factory overhead budget.

Addison Co.

Factory Overhead  Budget

                                           Quarter II

Direct Labor Hours           8250

<u>Variable OH / Hr                 $ 9         </u>

Variable Overheads        $ 74250

<u>+Fixed Overheads             $ 540,000</u>

Factory Overhead Budget  $ 614250

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The sentence that shows the disadvantage of a questionnaire is option D. The sample of individuals who respond may not be representative of the population.

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A questionnaire is a set of printed or written questions with a choice of answers, devised for the purposes of a survey or statistical study.

Therefore, the correct answer is option D. The sample of individuals who respond may not be representative of the population.

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In order to make sure that a creditor of the insured is not paid more than the outstanding loan at time of claim, the policyowne
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1 year ago
Which of the following statements are TRUE?
Goryan [66]
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4 0
3 years ago
Dean's Coffee Shop makes a blend that is a mixture of two types of coffee. Type A coffee costs Deon $4.75 per pound, and type B
sergiy2304 [10]

Answer:

type B 50 pounds

type A 94 pounds

Explanation:

First we construct the equation system:

\left \{ {{A_q + B_q = 144} \atop {4.75A_q + 5.9B_q = 741.5}} \right. \\

Now we clear one and replace:

A_q = 144 - B_q\\4.75A_q + 5.9B_q = 741.5\\4.75(144 - B_q) + 5.9B_q = 741.5

And we can solve for type B:

4.75\times 144 - 4.75B_q + 5.9B_q = 741.5\\1.15B_q = 741.5 - 684\\B_q = 57.5 / 1.15 = 50

And now we can solve for quantity of A as well:

A = 144 - 50 = 94

<u>Finally we can check the answer if it is correct:</u>

50 x 5.9 + 94 X 4.75 =

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5 0
3 years ago
A car was purchased for $4500 down and payments of $375 at the end of each month for 5 years. Interest is 9.72% compounded month
agasfer [191]

Answer:

$21,080.2

Explanation:

The price of the car will be the down-payment plus the future value of 375 paid each month for 5 years compounded monthly at 9.72%.

The formula for calculating future value is

PV = P ×  1 − (1+r)−n

  r

PV is $350

r is 9.72 % or 0.0972 % per year or 0.0081

t is five year or 60 months

FV = 350 x (1-(1+0.0081)-60

  0.0081

Fv =350 x 1-0.61628715419

  0.0081

FV =350 x( 0.38371284581/0.00810

FV =350 x 47.371956

FV =16,580.20

The value of the car = $4500 + 16,580.20

=$21,080.2

7 0
3 years ago
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