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earnstyle [38]
3 years ago
11

Crane, Inc., is preparing its direct labor budget for 2020 from the following production budget based on a calendar year.

Business
1 answer:
skelet666 [1.2K]3 years ago
7 0

Answer:

Total labor hour = Units*Operating hours

Labor cost= Total labor hours * Hourly wage rate

                                                                QUARTER

                                                  1             2              3             4

Units                                     20,330   35,270    25,370    30,390

DLH time per unit                   1.70        1.70          1.70        1.70

Total labour hours need      34561     43129     59959     51663

Hourly wage rate                      17          17              19            19

Budgeted direct labor hour 587535  733193   1138221   981597

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Which of the following defines a short-term goal?<br> career planning unit test. thanks!
Masteriza [31]

A short term goal is a goal that will only take a few hours to a few days, a goal that wont take much time

A unit test is a short-term goal.

Career planning could take years.

-TheOneandOnly003

4 0
3 years ago
Read 2 more answers
According to the capital asset pricing model (CAPM), a capital budgeting project that has a beta equal to zero should be evaluat
lara [203]

Answer:

a. True

Explanation:

from the CAPM formula we can derive the statemeent as true.

Ke= r_f + \beta (r_m-r_f)

risk free = 0.05

market rate = 0.12

premium market = (market rate - risk free) 0.07

beta(non diversifiable risk) = 0

Ke= 0.05 + 0 (0.07)

Ke 0.05000

As the beta multiplies the difference between the market rate and risk-free rate a beta of zero will nulify the second part of the equation leaving only the risk-free rate. This means the portfolio is not expose to volatility

6 0
3 years ago
The owner of a bicycle repair shop forecasts revenues of $212,000 a year. Variable costs will be $63,000, and rental costs for t
Nataly [62]

Answer:

Sales Revenue            212,000

Variable Cost               (63,000)

Rent Expense               (43,000)

Depreciation Expense (23,000)

Income before taxes     83,000

Income tax expense <u>    (16,600)   </u>

Net Income                    84,800

Cash from operating activities 107,800

tax-shield from depreciation 4,600

Explanation:

Cash flow from operations (indirect method)

net income 84,800 + depreciation expense = 107,800

The depreciation provides a tax shield as they are an accounting concept. The depreciation expense did not involve the outflow of cash but, it is a taxable deduction therefore generates a tax-shield.

23,000 x 20% = 4,600

7 0
3 years ago
Marshall owns and operates a construction firm. He uses inexpensive and low-grade building products and accepts inferior carpent
Kitty [74]

Answer:

The correct option is (d)

Explanation:

Ethics is considered above law as law requires just compliance of laws, rules and regulations. Ethics on the other hand establishes a standard of moral conduct. Being mere legal does not mean that something is ethical. Ethical responsibilities are not codified as it is expected from businesses to follow the same.

Here, Marshall, though complied with legal frameworks, he failed to fulfill his ethical obligations by using low-grade products that could harm the general public in future.

3 0
3 years ago
Indicate the accounts affected and enter decreases to account categories with a minus sign. a. At the end of the period, bad deb
lubasha [3.4K]

Answer:

The journal entries are given;

Explanation:

a. Bad Debt Expense   Dr.$17,300

   Allowance for Doubtful Accounts Cr.$17,300

b. Allowance for Doubtful Accounts Dr.$7,100

   Accounts Receivable                      Cr.$7,100

With Bad Debt Expense ,the retained earnings will be decreased by ($17,300)

with direct written off,the accounts receivables will be reduced by ($7,100) in balance sheet.

7 0
3 years ago
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