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puteri [66]
2 years ago
5

LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 3.5 hours of direct labor at the r

ate of $14.50 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June. The company plans to sell 39,000 units of Product WZ in June. The finished goods inventories on June 1 and June 30 are budgeted to be 200 and 100 units, respectively. Budgeted direct labor costs for June would be: Select one: A. $1,984,325 B. $564,050 C. $1,979,250 D. $1,974,175
Business
1 answer:
swat322 years ago
6 0

Answer:

The correct option is D

Labour budget = $1,974,175

Explanation:

The labour budget is the product of the standard labour cost per unit and the budgeted production in units

Labour budget = standard labour cost× production budget in unit

The production budget can bed determined by adjusting the sales budget for closing and opening inventories.  

Production budget = Sales budget +closing inventory - opening inventory

Production budget = 39,000 + 100 -200 = 38,900 units

Labour budget = $14.50× 3.5× 38,900 = $1,974,175

Labour budget = $1,974,175

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The following provides data for an economy in a certain year. Consumption expenditures $50 Imports $40 Government purchases of g
wlad13 [49]

Answer:

$150

Explanation:

The formula to compute the GDP is as follows

GDP = Consumption + Investment + Government purchase + Net exports

where,

Consumption = Consumption of expenditure = $50

Investment = Business fixed investment + change in inventory + construction of new homes & apartments

= $30 + $10 + $30

= $70

The change in inventory is

= Ending inventory - beginning inventory

= $20 - $10

= $10

Government purchase = Government purchases of goods and services = $20

Net exports

= Exports - imports

= $50 - $40

= $10

So the value of GDP is

= $50 + $70 + $20 + $10

= $150

5 0
3 years ago
Vertical communication occurs when scott, divisional manager of production, discusses business issues with susan, divisional man
liberstina [14]
<span>False. Communication up and down the corporate hierarchy is often called vertical communication. Communication among employees at the same level in the hierarchy, or sideways, is called horizontal communication.</span>
8 0
3 years ago
Are the materials costs and processing costs relevant in the choice between alternatives A and B?
podryga [215]

Answer:

Please see explanation.

Explanation:

Material Cost = A cost which is used to prepare a goods or services is termed as material cost.

Processing Cost = When a cost incurs to satisfy customers want from taking orders to ensuring product delivery, it is called processing cost. It includes taking order, tracking, keeping and maintaining inventories, manufacturing products, customer support, and product delivery.

When there are two alternatives including processing and material costs, we have to use three scenarios:

A) In both the alternatives, the material cost is $50,000 and $55,000. The processing cost is $40,000 and $45,000.

In that case, since material cost and processing cost vary from one alternative to another, both the cost are relevant.

B) In both the alternatives, the material cost is $50,000 and $50,000. The processing cost is $40,000 and $45,000.

In that case, since the cost for material in alternative A and B is similar while the processing cost is different, therefore, only processing cost is relevant.

C) In both the alternatives, the material cost is $50,000 and $55,000. The processing cost is $40,000 and $40,000.

In that case, since the cost for material in both the alternatives are different while the processing cost is similar, only material cost is relevant.

4 0
2 years ago
During the year the following selected transactions affecting stockholders' equity occurred for Orlando Corporation: a. Apr. 1 R
7nadin3 [17]

Answer:

April 1

DR Treasury Stock <u>$7,800</u>

CR Cash <u>$7,800</u>

(<em>To record purchase of Treasury Stock</em>)

Working

Treasury Stock = 260 shares * $30

= $7,800

June 14

DR Cash <u>$4,550</u>

CR Treasury Stock <u>$ 3,900</u>

CR Additional Paid-in Capital <u>$ 650</u>

(<em>To record sale of Treasury Stock</em>)

Working

When the stock sold is higher or lower than the price it was purchased or issued for, it is credited or debited to the Additional Paid-in Capital account respectively.

As the price it was sold for here was higher than what it was purchased for, the balance is credited.

Cash = 130 shares * $35

= $4,550

Treasury Stock = 130 * $30 (original price)

= $3,900

Additional Paid-in Capital = 4,550 - 3,900

= $650

Sept 1.

DR Cash <u>$3,000</u>

DR Additional Paid-in Capital <u>$600</u>

CR Treasury Stock <u>$3,600</u>

(<em>To record sale of Treasury Stock</em>)

Working

Price stock was sold for is less than the amount it was purchased so the balance will be debited to the Additional Paid-in Capital account.

Cash = 120 * 25

= $3,000

Treasury Stock = 120 * 30

= $3,600

Additional Paid-in Capital = 3,600 - 3,000

= $600

7 0
2 years ago
George believes that women have difficulty coping with the stress of executive decisions. Sally is promoted into a senior manage
Mariulka [41]

Answer:

2. Stereotyping

Explanation:

Stereotyping is a prejudiced view of a person based on a mistaken belief or idea of many people.

George had a belief that women have difficulty coping in stressful situations and making executive decisions. When Sally is promoted to a senior management position his stereotype of women comes to play as George starts to complain that Sally would not be able to cope with the job.

6 0
3 years ago
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