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Art [367]
3 years ago
11

Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 4.50 p

ounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.50 pounds. Materials cost $5 per pound, but Stefani always takes the 2.00% cash discount all of its suppliers offer. Freight costs average $0.25 per pound. Direct labor. Each unit requires 2.00 hours of labor. Setup, cleanup, and downtime average 0.40 hours per unit. The average hourly pay rate of Stefani’s employees is $12.00. Payroll taxes and fringe benefits are an additional $3.00 per hour. Manufacturing overhead. Overhead is applied at a rate of $7.00 per direct labor hour.
Business
1 answer:
vodomira [7]3 years ago
7 0

Answer:

The right solution is "$78.55".

Explanation:

The given values are:

Material cost,

= $5 per pound

Average freight costs,

= $0.25 per pound

Downtime average,

= 0.40 hours per unit

According to the question,

The direct material cost per unit will be:

=  ((4.5+0.5)\times 5\times 0.98)+(0.25\times (4.5+0.5))

=  (5\times 5\times 0.98)+(0.25\times 5)

=  24.5+1.25

=  25.75 ($)

The direct labor will be:

=  ((2.0+0.4)\times 12)+(3\times (2.0+0.4))

=  28.8+7.2

=  36 ($)

Manufacturing overhead will be:

=  (2.0+0.4)\times 7

=  2.4\times 7

=  16.8 ($)

hence,

The standard cost per unit will be:

=  Direct \ material+Direct \ labor+Manufacturing \ overhead

=  25.75+36+16.8

=  78.55 ($)

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Students at BRU became aware that many of the people employed at their university did not earn a living wage and had no health b
UNO [17]

Answer:

Resource mobilization theory

Explanation:

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In the given scenario the students wanted to create a social movement focused on university workers that did not receive living wage and other health benefits.

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7 0
3 years ago
Lara has earned $20 mowing grass around her neighborhood. She takes her money to the bookstore and purchases a CD for $11.99. Sh
aleksandrvk [35]

Answer: Medium of exchange and measure of value

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Whereas, measure of value refers to the ability by which different goods and services could be compared in terms of money.

In the given case, Laura purchased a CD using money and also is comparing two commodities in terms of money to purchase.

Hence we can conclude that the given case illustrates Medium of exchange and measure of value .

8 0
3 years ago
If you put money into a compound interest account with 7.2% interest rate how many years will it take to double your money?
Firlakuza [10]

Answer:

It would take 2 years

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4 0
2 years ago
A bank reconciliation should be prepared when an employee is suspected of fraud. to explain any difference between the depositor
IrinaK [193]

Answer:

to explain any difference between the depositor’s balance per books with the balance per bank

Explanation:

The goal of this process is to ascertain the differences between the banks records and the depositor’s records and make accounting changes as deemed appropriate. There is a general flow that is used to make the correcting entries:

1. The process flow starts with the bank’s ending cash balance

2. Add any deposits made by the company to the bank that are in transit

3. Deduct any cheques that are uncleared by he bank

4. Add or deduct any other items available as necessary

5. In the company bank records, once again start with the ending balance

6. Deduct any bank service fees, penalties and NSF (Non-Sufficient Funds) cheques.

7. Add interests earned

At the end of this process, it is likely that both accounts would be equal and tally.

4 0
3 years ago
MSU, a national electronics company based in Europe signed an agreement with their home country to actively recruit more women.
mr Goodwill [35]

Answer:

Encouraging private businesses to actively recruit and promote employees

Explanation:

An affirmative action is a strategy that is taken whereby an individual's color, race, sex, religion or national origin are taken into consideration to raise the opportunities provided to a part of society that is not well represented.

By giving MSU preferential access to government contracts, The affirmative strategy employed here is Encouraging private businesses to actively recruit and promote employees.

3 0
3 years ago
Read 2 more answers
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