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Rina8888 [55]
3 years ago
7

Teller Co. is planning to sell 900 boxes of ceramic tile, with production estimated at 870 boxes during May. Each box of tile re

quires 44 pounds of clay mix and 1/4 hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $12.00 per hour. What is the total amount to be budgeted for direct labor for the month? $2,610 $10,440 $2,700 $41,760
Business
1 answer:
ELEN [110]3 years ago
4 0

Answer:

The correct answer is $2,610.

Explanation:

According to the scenario, computation of the given data are as follow:-

We can calculate the the direct labor cost by using following formula:-

Direct labor hour required= Estimated production × Direct labor hour

= 870 × 1÷4 =217.5 hours

Direct labor cost = Direct required labor hour × Rate of labor per hour

= 217.5 hours × $12

= $2,610

According to the analysis, $2,610 is the total amount to be budgeted for direct labor.

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Under the gold standard of currency exchange that existed from 1879 to 1914, an ounce of gold cost $20.67 in U.S. dollars and £4
Elena-2011 [213]

Answer:

The answer is £0.2055/$

Explanation:

Exchange rate is the price of one currency in terms of another. It is also the number of units of one currency(price currency) that one unit of another currency(base currency) will buy.

In US, an ounce of gold = $20.67

In british, it costs £4.2474

Therefore, exchange rate of pounds per dollar =

£4.2474/$20.67

=£0.2055/$

8 0
3 years ago
When Jasmine interviewed for a position as a computer programmer, she was asked to take a test on a particular programming langu
blagie [28]

Answer:

Performance

Explanation:

She is asked to take a test to analyse here capability and understanding. The test she took is called 'Performance testing' it is a way toward deciding the swiftness, responsiveness and knowledge of a particular set of skill. It helps an organisation or a firm to pick the right candidate for the job. The organisations usually choose a candidate by analysing their  performance test.

5 0
3 years ago
The seller agrees to sell the house to the buyer for $100,000. The buyer is unable to qualify for a mortgage loan for this amoun
LiRa [457]

Answer:

kill me

Explanation:

Touch and hold a clip to pin it. Unpinned clips will be deleted after 1 hour.Tap on a clip to paste it in the text box.ciirilix

8 0
3 years ago
Nor Corporation borrowed money using a discounted note at 94 with a stated 6% interest rate and a face amount of $400,000. What
kolezko [41]

Answer:

the effective rate of interest on the debt is 6.38%

Explanation:

The computation of the effective rate of interest on the debt is shown below:

Effective rate of interest is

= ($400,000 × 6%) ÷ ($400,000 × 0.94)

= $24,000 ÷ $37,600

= 6.38%

Hence, the effective rate of interest on the debt is 6.38%

It could be determined by applying the above formula so that the correct rate could come

8 0
3 years ago
PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement (in millions of dollars): Sales
padilas [110]

Answer:

Net income = $169.2

Growth in dividend = 76.25%

Explanation:

The projected figures are as below:

Sales = $700 x (1 + 15%) = $805 <em>(15% increase in sales)</em>

Operating costs including depreciation = $805 x 60% = $483 <em>(60% of sales)</em>

Interest expense = 40 <em>(remain constant)</em>

EBIT = Sales - Operating costs including depreciation = $805 - $483 = $322

EBT = EBIT - Interest expense = $322 - $40 = $282

Net income = EBT x (1 - Tax rate) = $282 x (1 - 40$) = $169.2

Dividend = Net income x Dividend payout ratio = $169.2 x (32/96) = $56.4

Growth in dividend = $56.4/$32 = 76.25%

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4 0
3 years ago
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