Answer: 21.32 per hour
Explanation:
Guitars produced each month = 100
considered good enough to sell = 82%
Remaining are scrapped = 18 %
Selling price of each guitar = $260
Each guitar requires = 10 labor hours
Each employee works an average = 160 hours per month
Labor is paid = $11 per hour
materials cost = $40 per guitar
overhead = $4,200
Therefore,
Number of guitars are good enough to sell = 82% of 100
= 82 guitars
Value of output = Number of guitars sell × Selling price of each guitar
= 82 × $260
= $21,320
Input in labor hours = Guitars produced each month × Labor hour employed in each guitar
= 100 × 10
= 1,000 hours
Labor productivity =
= 
= 21.32 per hour
Answer:
<u>Letter D is correct.</u> It is the value of the unpaid balance on an annuity at the specified point in time.
Explanation:
An ordinary annuity is the making of fixed payments over a fixed period of time. To specify the value of an annuity present in an ordinary annuity, one must know the established interest rates. When interest rates are higher, the present value of the ordinary annuity is reduced, and when interest rates are lower the present value is higher.
Answer: d. both Iris and Daphne will want to purchase Joss's services but Joss will not be willing to undertake the job.
Explanation:
Iris will want Joss's services but they will be unable to afford them as Iris is only willing to pay $500 whereas Joss wants $1,200 for the job.
The same goes for Daphne who is only willing to pay $800.
Both of them will therefore want to hire Joss but will be unable to.
Joss could however charge both of them their willingness to pay and then sum the cash up and give them both the research whilst still making a profit.
Answer: a) Option A
Explanation:
There will be no effect on retained earnings because retained earnings do not increase as a result of shares being sold. It increases when net income increases.
Total paid-in capital increases when stock is sold for higher than its par value or when treasury stock is sold for higher than its acquisition price. The treasury stock here was sold for higher than it was bought so this would increase the total paid in capital.
Answer:
Predetermined manufacturing overhead rate= $6.875 per machine-hour
Explanation:
Giving the following information:
The estimated manufacturing overhead costs are $275,000 and an estimated 40,000 machine hours.
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 275,000/40,000
Predetermined manufacturing overhead rate= $6.875 per machine-hour
