Once a project is underway, the project manager is responsible for the:_______a. people. b. cost. c. time. d. All of these

Webster Corporation is preparing a master budget for the first quarter. The company budgets production of 2,960 units in January

-Dominant- [34]

Answer:

$59,410

Explanation:

With regards to the above information, we need to calculate first, total number of units for first quarter of the year.

Total number of units for first quarter of the year = 2,960 + 2,740 + 3,440

= 9,140

But, each unit requires 0.5 hours of direct labor.

It therefore means that;

1 unit need ----- 0.5 hours of direct labor

9,140 ----- ?

= (9,140 × 0.5) / 1

= 4,570 hours.

Finally, we will multiply the total hours by the payment per hour, or direct labor rate; which is $13 per hour.

= 4,570 × $13

= $59,410

Therefore, the budgeted direct labor cost for the first quarter of the year is $59,410

5 0

2 years ago

JCS Incorporated experienced the following transactions during its first year of business. The company purchased $16,000 of merc

12345 [234]

Answer:

46.67%

Explanation:

Gross margin is the ratio of gross profit to the total sales. The gross profit is the difference between the sales and cost of goods sold. Other cost given such as land and selling and distribution cost make up assets and operating expenses respectively.

Hence

Gross profit = $30,000 - $16,000

= $14,000

Gross margin = $14,000/$30,000

= 0.4667

The company's gross margin is 46.67%.

4 0

2 years ago

BMC is considering upgrading the sound systems in their theaters so that their patrons can get the full experience from surround

Luda [366]

Answer:

Fixed cost = $50,000

Marginal costs= $10,000

Explanation:

The costs of upgrading 12 screens = $170,000

The cost of upgrading 6 screens = $110,000

The difference between 12 screens At $170,000 and 6 screens at $110,000 represents the variable cost of 6 screens (12 - 6)

=$170,000 - $110,000 = 60,000

Variable costs for 6 screens = $60,000

Variable costs per screen = $60,000/ 6

=$10,000

Its cost $170,000 to upgrade 12 screens. variable costs per screen = $10,000

Fixed costs = $170,000 -( $10,000 x 12)

Fixed costs= $170,000 -$120,000

Fixed costs= $50,000

Marginal cost is the cost of upgrading one more screen, which is equivalent to variable costs for one screen

=$10,000

6 0

2 years ago

porter’s competitive strategies outline four different generic corporate strategies. this activity is important because knowledg

PilotLPTM [1.2K]

Porter’s competitive strategies that are appropriate responses respectively

1) Differentiation 2) Focused-differentiation

3) Cost-leadership 4) Cost

<h3>What is porter’s competitive strategies ?</h3>

Using the constraints of its preferred market scope, a company attempts to gain a competitive edge according to Porter's generic tactics. There are three types of generic strategies: focused , differentiating, or lower cost.

One of two strategies for gaining a competitive edge is available to businesses: either decreasing costs in comparison to its rivals or differentiating along consumer dimensions in order to charge a higher price.

Additionally, a business chooses between two possibilities for its scope: focused (supplying its products to certain market segments) or industry-wide.

The decisions made in light of the kind and extent of competitive advantage are represented by the generic strategy. The concept was first presented by Michael Porter in 1980.

To learn more about porter’s competitive strategies

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5 0

1 year ago

A company has the following liabilities at year end: Mortgage note payable; $16,000 due within 12 months $355,000 Short-term deb

Grace [21]

Answer:

The amount that the company should include in the current liability section of the balance sheet is $16,000

Explanation:

The short-term debt that the company is refinancing with long-term debt is non-current and deferred tax liability arising from depreciation is also non-current and should be disclosed as such in the Balance sheet after the sub-heading long-term borrowings.

Therefore, The amount that the company should include in the current liability section of the balance sheet is $16,000

4 0

3 years ago