Answer:
$1,456,440
Explanation:
Given that,
Budgeted production = 45,800
Direct labor hours per unit = 1.5
Cost of cutting and sewing labor = $21.20 per hour
Total direct labor hours required:
= Budgeted production × Direct labor hours per unit
= 45,800 × 1.5
= 68,700
Total direct labor cost:
= Total direct labor hours required × cost per hour
= 68,700 × $21.20
= $1,456,440
Answer:
$287.01
Explanation:
The 2 stage dividend discount model would be used to determine the current value of the stock.
first stage
Present value in year 1 = (1.6 x 1.16) / 1.071 = 1.73
Present value in year 2 = (1.6 x 1.16²) / 1.071² = 1.88
Present value in year 3 = (1.6 x 1.16³) / 1.071³ =2.03
Present value in year 4 = (1.6 x 1.16^4) / 1.071^4 = 2.20
second stage
[ (1.6 x 1.16^4) x (1.06) ] / (0.071 - 0.06) = 279.17
Value of the stock = 1.73 + 1.88 + 2.03 + 2.20 + 279.17 = $287.01
$5 per worker
5*3=15
$7 per worker
7*2=14
total of what he pays the workers per hour
15+14=29
he pays the workers 29 dollars per hour
