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gtnhenbr [62]
3 years ago
8

Batson Company produces Trivets. Based on its master budget, the company should produce 1,000 Trivets each month, working 2,500

direct labor hours. During May, only 900 Trivets were produced. The company worked 2,400 direct labor hours. The standard hours allowed for May production would be: Group of answer choices
Business
1 answer:
zhenek [66]3 years ago
6 0

Answer:

The standard hours allowed for May production would be 2,250 hours

Explanation:

In order to calculate the standard hours allowed for May production we would have to calculate the following formula:

Standard Hours allowed = actual Units / Budgeted units * Budgeted Labour Hours

actual Units=900

Budgeted units=1,000

Budgeted Labour Hours=2,5000 hours

Therefore, Standard Hours allowed =900/1,000 * 2,500 = 2,250 Hours

Standard Hours allowed = 2,250 Hours

The standard hours allowed for May production would be 2,250 hours

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The following accounts were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet: Accumulated Deprecia
ludmilkaskok [199]

Answer:

all the given figures are wrong but i explained the correct procedure.

Explanation:

INCOME STATEMENT

Fees earned                            17400

Expenses:  

Depreciation expense      1300  

Insurance expense      400  

Supplies expense              3800     5500

Net Income                               11900

Therefore, The Net income for the period is $11900.

3 0
3 years ago
The figure shows the supply and demand for online music. Suppose that an economic downturn decreases household wealth and erodes
aliya0001 [1]

Answer:

Monetary downturn would perpetually cause fall in total interest in economy. Thus, interest for online music will fall also. Request bend will move to left and equilibrium will be built up at lower point. Following is chart:  

Cost of houses Supply Old balance cost New Demand cost new equilibrium amount Old  

Equilibrium value: Falls  

Equilibrium Quantity: Falls.  

In above graph DD tumbles to leftwards and now request bend converges the SS or supply bend at lower point. Balance is accomplished at lower point where both cost just as amount fall.

6 0
3 years ago
What should the body of a cover letter include
Sedaia [141]

Answer:

<em>(1) Specific information on why you want that job</em>

<em>(2) Your knowledge on that position</em>

<em>(3) Describe what you have to offer to the employer</em>

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8 0
3 years ago
Suppose there are only two firms that sell smartphones: Flashfone and Pictech. The payoff matrix that follows shows the profit (
Vladimir [108]

Answer:

Flashfone and Pictech

The Nash equilibrium is achieved when Pictech and Flashfone price their smartphones high without the other party changing their strategy.  

Explanation:

a) Data and Calculations:

                                Pictech  

                          High         Low

             High     8   8        3  10

Flashfone

             Low    10   3        5   5

b) By acting at the Nash equilibrium and pricing their smartphones high, Pictech and Flashfone achieve a payoff of $8 million respectively.  This payoff level does not put any of the two firms at a disadvantage.

7 0
2 years ago
Which of the following contingent liabilities would require a company to record a note to the financial statements
SOVA2 [1]

The following contingent liabilities would require a company to record a note to the financial statements:-

a.) The liability is possible and cannot be reasonably estimated.

b.) The liability is probable and cannot be reasonably estimated.

c.) The liability is possible and is estimated to be $35,000.

Correct answer is option 1 , 2 & 4 .

Eligible contingent liabilities are recognized as expenses on the income statement and as liabilities on the balance sheet. If the chance of accidental loss is low, i. H. With a probability of less than 50%, the liability should not be recognized on the balance sheet.

Contingent liability is disclosed when it is likely that a transfer of economic benefits will be required to resolve it without making a provision.

Learn more about financial statements at

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<em>Your question is incomplete. please read below to find the full content.</em>

Which of the following contingent liabilities would require a company to record a note to the financial statements

The liability is possible and cannot be reasonably estimated.

The liability is probable and cannot be reasonably estimated.

The liability is remote and estimated to be $15,000.

The liability is possible and is estimated to be $35,000.

The liability is remote and cannot be estimated.

The liability is probable and estimated to be $40,000.

3 0
1 year ago
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