1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Fudgin [204]
2 years ago
13

Parsons Company is planning to produce 2,900 units of product in 2020. Each unit requires 2.00 pounds of materials at $7.00 per

pound and a half-hour of labor at $16.00 per hour. The overhead rate is 60% of direct labor.
(a) Compute the budgeted amounts for 2020 for direct materials to be used, direct labor, and applied overhead.
Direct materials
Direct labor
Overhead
(b) Compute the standard cost of one unit of product. (Round answer to 2 decimal places, e.g. 2.75.)
Standard cost $
Business
1 answer:
olga55 [171]2 years ago
3 0

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the total cost of producing 2,900 units:</u>

Total cost= direct material + direct labor + allocated overhead

Total cost= (2*7)*2,900 + (0.5*16)*2,900 + [(0.5*16)*0.6]*2,900

Total cost= 40,600 + 23,200 + 13,920

Total cost= $77,720

<u>Now, the unitary standard cost:</u>

Unitary cost= total cost/number of units

Unitary cost= 77,720 / 2,900

Unitary cost= $26.8

You might be interested in
My left shoulder hurts but I'm not sure if its torn or if i should work out today as well (its not soreness)
STALIN [3.7K]
Most likely you've pulled a muscle. The pain will probably go away in the next day or so, if not you should wrap it with a sprain cast in case you sprained it somehow. But definitely do not work out today. That could worsen it and make the pain more severe.

hope this helps!
5 0
3 years ago
Read 2 more answers
Help buissness help help help
Eddi Din [679]
Answer is Mucus Fleming as he is a sports player. (:
4 0
2 years ago
Read 2 more answers
Rents of $750.00 per month on each unit of a 4-plex are current. for an october 16th closing, the rent proration on the settleme
Lady bird [3.3K]

Rents of $750.00 per month on each unit of a 4-plex are current. For an October 16th closing, the rent proration on the settlement statement would be $1,548.38 Credit Buyer & Debit Seller.

-Seller must pay buyer for the days the buyer owns the property, Oct 16 - 31, 16 days. $750 x 4 /31 = $96.77 per day x 16 = $1548.38

<h3>What does it mean to prorate your rent?</h3>

The amount a landlord charges is referred to as "prorated rent" and is only applied to the days the unit is occupied when a resident occupies it for a short period of time (a month, week, day, etc.). Given that daily rates are frequently more expensive, it is based on monthly rates instead than daily rates.

You must first determine the daily rent in order to figure out how much prorated rent will be. Divide the overall rent payment by the number of days in a month to arrive at this. Then double the acquired daily rent amount by the number of days you will be occupying the property during that month.

To learn more about rent proration visit:

brainly.com/question/14087263

#SPJ4

5 0
1 year ago
Bob is a manager at dow corning who has lost five of his employees during the last year. now he has to make a decision about how
Korolek [52]
I believe that the problems Bob is going Face is...he will struggle with Ideas and he will have many Diclamers along the way
8 0
3 years ago
Which of the following statements will an auditor most likely add to the negative from of confirmations of accounts receivable t
MrRissso [65]

Answer:

The correct answer is letter "C": "If you do not report any differences with 15 days, it will be assumed that this statement is correct".

Explanation:

Accounts Receivable, or AR, is an accounting term used to refer to the money that is owed to a company by its customers. The customers, who may be individuals or corporations, are the debtors since they owe money for the goods or services provided by the company. When the product is sold in credit the company sets a number of days so that the customer can pay the bill amount. The term usually is 30, 60 or 90 days.

In that sense, and auditor may find 15 days suitable for a debtor for report changes in a statement, otherwise, it is considered as correct.

7 0
3 years ago
Other questions:
  • For what purpose are goods and services produced in a socialist economy
    5·1 answer
  • Lonnie plans to speak to a group of real-estate developers to advocate a new zoning ordinance that would reduce the number of bu
    10·1 answer
  • "Which challenges has China faced in its efforts to become a major player in the global market for consumer electronics and othe
    10·1 answer
  • Wixis Cabinets makes custom wooden cabinets for high-end stereo systems from specialty woods. The company uses a job-order costi
    13·1 answer
  • Gienuine Products Inc. requires a new machine. Two companies have submitted bids, and you have been assigned the task of choosin
    5·1 answer
  • Burger Store is located near many large office buildings, so at lunch it is extremely busy. Burger Store management previously p
    15·1 answer
  • ____ is the process for motivating employee performance in which the manager and employee jointly set objectives for the employe
    5·1 answer
  • JankMag is a fashion magazine that recently hired creative writers and journalists for its new humor section. The team members k
    6·1 answer
  • Free brainly anyone wants one ??
    15·2 answers
  • What kind of profession is office assistant?​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!