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Andre45 [30]
3 years ago
12

The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal y

ear: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units to be produced 8,000 6,500 7,000 7,500 Each unit requires 0.35 direct labor-hours, and direct laborers are paid $12.00 per hour. Required: 1. Prepare the company’s direct labor budget for the upcoming fiscal year. Assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. 2. Prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. Instead, assume that the company’s direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,600 hours of work each quarter. If the number of required direct labor-hours is less than this number, the workers are paid for 2,600 hours anyway. Any hours worked in excess of 2,600 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.
Business
2 answers:
Nikitich [7]3 years ago
8 0

Answer:

Explanation:

Rordan Corporation

Direct Labor Budget

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

Year

Required production in units:

1st Quarter = 8, 000

2nd Quarter = 6, 500

3rd Quarter = 7, 000

4th Quarter = 7, 500

Year = 29, 000

Direct labor time per unit (hours):

1st Quarter = 0.35

2nd Quarter = 0.35

3rd Quarter = 0.35

4th Quarter = 0.35

Total direct labor hours needed:

1st Quarter = 2, 800

2nd Quarter = 2, 275

3rd Quarter = 2, 450

4th Quarter = 2, 625

Year = 10, 150

Direct labor cost per unit:

1st Quarter = $12

2nd Quarter = $12

3rd Quarter = $12

4th Quarter = $12

Total direct labor cost:

1st Quarter = $12 x 2, 800 = $33, 600

2nd Quarter = $12 x 2, 275 = $27, 300

3rd Quarter = $12 x 2, 450 = $29, 400

4th Quarter = $12 x 2, 625 = $31, 500

Year = Q1 + Q2 + Q3 + Q4 = $121, 800

Talja [164]3 years ago
4 0

Answer:

\left[\begin{array}{ccccc}&Q1&Q2&Q3&Q4\\$Production &8000&6500&7000&7500\\$Direct Labor&2800&2275&2450&2625\\$Base Labor Cost&31200&31200&31200&31200\\$Overtime&3600&&&450\\$Total&34800&31200&31200&31650\\\end{array}\right]

Explanation:

DIRECT LABOR BUDGET

multiply each quarter production by 0.35

Then, we compare this labor against the 2,600 base hours

Q1 and Q4 are above 2,600 so we multiply these hours by a extra 50% overtime to add it to the base cost of 2,600 hours

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luda_lava [24]

Answer:

This determination belongs to "W" in SWOT analysis.

Explanation:

SWOT is an analyzing technique of the organizations. It stands for Strength, Weakness, Opportunities, and Threats. Here, strength includes various resources in which the company is doing better whereas weaknesses include the inefficiency of the company. Opportunity refers to various other alternatives for the company and threat includes various possibilities or situations that can harm the company, for example, emerging competition. Therefore, we can say that not having sufficient funds is a part of “W” in the SWOT analysis.

6 0
3 years ago
What components does a business exclude from<br> Operating surplus
raketka [301]

A business excludes money paid as salaries or wages to employees from operating surplus.

5 0
3 years ago
A tyre manufacturer wants to set a minimum mileage guarantee on its new MX100 tyre. Tests reveal the mean mileage is 47,900 with
maria [59]

Answer:

51,487.5

Explanation:

Calculation to determine the minimum guaranteed mileage should the manufacturer announce

Sinces no more than 4% of the tires will have to be replaced First step will be to determine the InvNorm(.96) using normal distribution table

InvNorm(100%-4%)

InvNorm(.96) = 1.75

Now let determine the minimum guaranteed mileage

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(2050*1.75)+47,900=x

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6 0
3 years ago
Inflation is 14 percent. Debt is $4 trillion. The nominal deficit is $360 billion. What is the real deficit or surplus
DiKsa [7]

Answer:

Real Surplus is $200 billion

Explanation:

Inflation = 14%

Debt = $4 trillion = $4,000 billion

Nominal deficit = $360 billion

Real Deficit = Nominal deficit - (Inflation*Debt)

= $360 - 14% * 4,000

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8 0
2 years ago
When a company does not have any convertible securities or options or warrants outstanding, the company has:
WITCHER [35]

Answer: Simple capital structure

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2 years ago
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