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devlian [24]
3 years ago
7

LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 2.4 hours of direct labor at the r

ate of $20.00 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June. The company plans to sell 43,000 units of Product WZ in June. The finished goods inventories on June 1 and June 30 are budgeted to be 550 and 110 units, respectively. Budgeted direct labor costs for June would be:
Business
1 answer:
satela [25.4K]3 years ago
6 0

Answer:

Total direct labor hours= 102,144

Total direct labor costs= $2,042,880

Explanation:

Giving the following formula:

Standard quantity= 2.4 hours

Standard rate= $20 per hour

<u>First, we need to calculate the production required:</u>

Production= sales + desired ending inventory - beginning inventory

Production= 43,000 + 110 - 550

Production= 42,560 units

<u>Now, the direct labor budget:</u>

Total direct labor hours= 42,560*2.4= 102,144

Total direct labor costs= 102,144*20= $2,042,880

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Which of the following variances are most similar with respect to the manner in which they are calculated? Multiple Choice Labor
ollegr [7]

Answer:

Materials quantity variance and labor efficiency variance.

Explanation:

Material quantity variance is defined as the difference that exists between the actual amount of a material that is used in production and the expected amount to be used. It measures the efficiency with which a raw material is converted into product.

MQV is calculated by multiplying standard price of material by difference between standard quantity and actual quantity.

Labour efficienct rate on the other hand measure efficiency of using labour.

It is calculated by multiplying standard labour rate with difference between standard labour amount and actual labour amount.

3 0
3 years ago
The proteins that exert the greatest colloid osmotic pressure to maintain blood volume and blood pressure are called.
lesya [120]

The proteins that exert the greatest colloid osmotic pressure to maintain blood volume and pressure are called: Serum Albumin.

<h3>What is Serum Albumin?</h3>

Serum Albumin is a form of protein that is located in blood plasma. It makes up about 55% of the proteins in blood plasma.

Serum albumin also exerts the greatest colloid osmotic pressure that amounts to 22 mm Hg. This figure is followed by the globulins that account for pressure of just 6 mm Hg.

Learn more about Serum Albumin here:

brainly.com/question/2456851

8 0
2 years ago
The things that are most important to you are your top __________. A. niceties B. priorities C. peculiarities D. similarities
Svetlanka [38]
The things that are most important to you are your top priorities
8 0
3 years ago
Read 2 more answers
A survey of 1000 executives ranked _____________ at the top, as the ideal manager's skill. a. listening b. conflict resolution c
kotegsom [21]

Answer:

The correct answer is letter "A": listening.

Explanation:

Ideal manager skills are a set of practices and preferred behaviors high-range executives are expected to have or develop for managerial purposes. Among those aptitudes good communication and organization are vital. That is why listening is very important since managers must listen to their bosses as well as to their subordinates and customers.

7 0
3 years ago
Moody Farms just paid a dividend of $3.95 on its stock. The growth rate in dividends is expected to be a constant 5 percent per
Amiraneli [1.4K]

Answer:

$81.52

Explanation:

The current share price is the present value of future dividends as well as the present value of the terminal value of dividends beyond year 6 as shown thus:

Current dividend=$3.95

Year 1 dividend=$3.95*(1+5%)=$4.15

Year 2 dividend=$4.15*(1+5%)=$4.36

Year 3 dividend=$4.36*(1+5%)=$4.58

The required rate of return(discount rate) for the dividends in the FIRST 3 years above is 14%

Year 4 dividend=$4.58*(1+5%)=$4.81

Year 5 dividend=$4.81*(1+5%)=$5.05

Year 6 dividend=$5.05*(1+5%)=$5.30

The required rate of return(discount rate) for the dividends in the NEXT 3 years above is 12%

Terminal value of dividend=Year 6 dividend*(1+growth rate)/(rate of return-growth rate)

growth rate=5%

rate of return=10%(rate of return thereafter)

terminal value=$5.30*(1+5%)/(10%-5%)

terminal value=$111.30

current share price=$4.15/(1+14%)+$4.36/(1+14%)^2+$4.58/(1+14%)^3+$4.81/(1+12%)^4+$5.05/(1+12%)^5+$5.30/(1+12%)^6+$111.30/(1+10%)^6

current share price=$81.52

5 0
3 years ago
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