A standard time is a reasonable estimate of the amount of time needed to perform a task based on an analysis of the work by an operations expert.
<h3>What is the standard time in accounting?</h3>
The number of standard hours authorized is the number of hours of work time that should have been used during a fiscal period. It is calculated by multiplying the number of units produced by the standard hours per unit.
The time allotted to an operator to complete the specified task under the specified conditions and at the defined level of performance is referred to as standard time. This is how normal time is defined. To arrive at the usual time of a task, some additional time is added to the primary time.
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Answer:
unethical
Explanation:
According to my research on different business decisions, I can say that based on the information provided within the question this is most likely to be challenged as unethical only. This is because despite being morally wrong it is not illegal to do this. In fact the company can decide to pay their employees whatever amount they want as long as it is above minimum wage.
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Answer:
Pointer finger or middle finger
Explanation:
Answer:
The correct answer would be option A, $125800.
Explanation:
Cost of goods manufactured= Total costs + beginning work in process - Ending work in process
Total costs include Direct Materials, Direct labor and Factory Overheads. So the Above formula can be written as:
CGM = (Direct materials + Direct Labor + Factory overhead) + Beginning WIP - Ending WIP
Now
Direct Materials = Beginning raw materials + Purchased Raw Materials - Ending Raw materials
= 15200+60000-16600= 58600
Now Direct labor given is = 42800
And Factory Overheads = 30000
So,
Total costs= direct materials + Direct Labor + Factory Overhead
Total Costs= 58600 + 42800 + 30000
= 131400
Beginning work in process = 22400
Ending work in process = 28000
NOW Costs of Goods Manufactured/CGM = Total Cost + Beginning WIP -Ending WIP
= 131400+22400-28000
=$125800