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3 years ago

Direct materials and direct labor of a company total $8300000. If manufacturing overhead is $4150000, what is direct labor cost

Business

1 answer:

iragen [17]3 years ago

5 0

Answer:

The direct labor cost cannot be ascertained from the information given in the question

Explanation:

Direct materials+Direct labor cost= $8300000

In order to determine the labor cost of the $8300000, we need a clue as to the percentage of the labor cost in the total of $8300000 or the portion of $8300000 that belongs to direct materials.

Since such a hint is missing,we can simply guess, costs incurred cannot be shared out on a basis that has no relationship with reality,hence, the correct answer is that the direct labor cost cannot be determined based on details provided.

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The ability to offer individually tailored products or services using the same production resources as bulk production is known

Bumek [7]

Answer:

E. mass customization

Explanation:

Mass customization is the process that allows a customer to personalize certain features of a product while still keeping costs at or near mass production prices.

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2 years ago

Wie Corp's sales last year were $315,000, and its year-end total assets were $355,000. The average firm in the industry has a to

irakobra [83]

Answer:

Assets must decrease by 223,750

Explanation:

the total assets turnover is calcualte as follows:

$\frac{sales}{assets}$

As the new CFO jsut want to reduce assets and not to put the effort to increase sales as it see it less likely It will reduce assets (lower the credit term, lower inventory stocks among other measurements)

our goal is a value of 2.4 with sales of 315,000

$\frac{315,000}{Assets} = 2.4\\Assets = 315,000 \div 2.4\\$

Assets = 131.250‬

currently the assets are 355,000

we need to redue it to 131,250 so we need a decrease in the order of:

355,000 - 131,250 = 223,750

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3 years ago

The financial reporting (disclosure) system is based on the electronic data tagging language called

dangina [55]

Answer: eXtensible business reporting language (XBRL)

Explanation:

The financial reporting (disclosure) system that is based on the electronic data tagging language is referred to as the eXtensible business reporting language (XBRL).

XBRL is freely available and a global framework that is used for the exchange of business information and it also allows expression of semantics which is required in reporting of business.

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3 years ago

What is the purpose of professional communication?

weqwewe [10]

Answer:

By mastering professional communication, the potential for misunderstandings occurring can be minimised. When you work in a team, you need to be able to regularly communicate with others. You need to listen to other people's ideas, whilst being able to clearly and effectively communicate your own.

Purposes:

The five purposes for communication are to inform, imagine, influence, meet social expectations and express feelings.

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2 years ago

Read 2 more answers

Selected information from Peridot Corporation's accounting records and financial statements for 2021 is as follows ($ in million

guapka [62]

Answer:

$43 million

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

An increase in assets other than cash is an outflow while an increase in liabilities is an inflow. Depreciation and other non-cash expenses deducted in the income statements are added back while the non-cash income such gain on asset are deducted from net income.

Peridot's Net cash outflows from investing activities (in millions)

= -$38 + $96 + $71 - $86

= $43

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3 years ago