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Serhud [2]
3 years ago
14

Strand company is planning to sell 400 buckets and produce 380 buckets during march. each bucket requires 500 grams of plastic a

nd one-half hour of direct labor. plastic costs $10 per 500 grams and employees of the company are paid $15.00 per hour. manufacturing overhead is applied at a rate of 110% of direct labor costs. strand has 300 kilos of plastic in beginning inventory and wants to have 200 kilos in ending inventory. how much is the total amount of budgeted direct labor for march?
Business
1 answer:
Alekssandra [29.7K]3 years ago
5 0
Given the data in the problem, we can calculate the cost of production for each bucket:

one bucket requires:

500 grams of plastic and one-half hour of direct labor. 

The plastic costs $10.00 per 500 grams and the employees are paid $15.00 per hour. 

Therefore, one bucket costs (material and labor):

$10.00 + $15.00 * (1/2 hour) = $17.50 per bucket plus (1.10 * $7.50) = $25.75

for 380 buckets :

$25.75 * 380 = $9785

This value only represents the cost of production of 380 buckets for the month of March. <span />
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_______Treasury Stock is reported on the balance sheet
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Answer:

c. as a deduction from Stockholders’ Equity

Explanation:

The treatment of the treasury stock in the balance sheet is that it is deducted from the stockholder equity as it shows the buy back position of the common stock

The other things i.e retained earnings, additional paid in capital is to be added as it increased the balance of the stockholder equity

Therefore in the given case, the option C is correct

5 0
3 years ago
Which statement reports the changes in shareholders' equity during the period that were not a result of transactions by owners.
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Answer:

the statement of comprehensive income

Explanation:

The statement of comprehensive income refers to a summary in which the net assets are to be recognized for a particular period of time. It shows the adjustments made to the equity that would be highlighted also. Plus the net income could be determined by preparing an income statement

Therefore in the given case, the changes that are made in the stockholder equity would be come under the comprehensive income statement and the same is to be considered

3 0
3 years ago
SoldByAir provides drone services to the real estate industry, both residential and commercial. The purchasing manager is gettin
ladessa [460]

Answer:

The indifference point is 22,381 hours a year.

Explanation:

Giving the following information:

SecureAll:

Fixed costs= $900,000

In house:

Fixed costs= (100,000*4) + 30,000= $430,000

Variable costs= $21 an hour

First, we need to structure the cost formula for each option:

SecureAll= 900,000

In-house= 430,000 + 21*x

X= number of hours

Now, to calculate the indifference point, we need to equal both formulas and isolate X:

900,000= 430,000 + 21x

470,000/21= x

22,381= x

The indifference point is 22,381 hours a year.

8 0
3 years ago
Crane incurs a weekly payroll of $251000 that includes federal taxes withheld of $38200, FICA taxes withheld of $23970, and 401(
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Answer:

First let us define the nature of each of the following as per Balance sheet of a company:

Payroll payable- Liability

FICA taxes withheld- Liability

Federal taxes- Liability

410(k)- Liability

Explanation:

Effect of Transaction on assets and liabilities:

  • Payroll expense Debit will have no impact
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3 years ago
Monroe county levies a tax on the value of real property located within the county. The tax equals 3 percent of the property's a
Vikentia [17]

Answer:

a. $39,000

b. $85,000

Explanation:

The computations are shown below:

a. Tax on real property would be

= Valued of real property × tax rate

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= $85,000

8 0
3 years ago
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