In Agile projects, detailed risk planning occurs during iteration planning, daily-up meetings, and retrospectives. True False

Direct Labor Cost Budget Pasadena Candle Inc. budgeted production of 33,000 candles for January. Each candle requires molding. A

djverab [1.8K]

Answer:

Total direct labor cost = $16,087.50

Explanation:

Production = 33,000 candles

Minute per candle = 3 minutes

Total minute to produce 33,000 Candle = 33,000 candles * 3 minutes = 99,000 Minutes

Total hours for production = 99,000 / 60 minutes = 1,650 hours

Hence, molding hours = 1,650 hours

Total direct labor cost = Molding hours * Molding labor costs per hour

Total direct labor cost = 1,650 hours * $9.75

Total direct labor cost = $16,087.50

7 0

3 years ago

LMN Insurance Company is concerned about its exposure to hurricane losses for property risks it insured on the Gulf Coast. LMN b

ELEN [110]

Answer:

c) Catastrophe Bonds

Explanation:

These type of bonds are also known as the CAT bonds, and they are issued at any catastrophic event which is foreseen in the future. Basically these are insured linked securities that are used in the process of managing risks that are associated with the catastrophic events such as mentioned in the question i.e hurricane.

Any investor before investing in these bonds should fully understand what type of bonds are these because they posses a greater risk of low return and are very different from conventional bonds.

Hope this helps.

Thanks buddy.

3 0

3 years ago

Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 405,000 Beginning m

skelet666 [1.2K]

Missing information:

Fixed administrative expense $ 16,200 Variable selling expense $ 20,250 Variable administrative expense $ ? Contribution margin $ 81,000 Net operating income $ 24,300

1. Prepare a contribution format income statement.

2. Prepare a traditional format income statement.

3. Calculate the selling price per unit.

4. Calculate the variable cost per unit.

5. Calculate the contribution margin per unit.

Answer:

First we must determine cost of goods sold = $27,000 + $270,000 - $13,500 = $283,500

now we must find total variable costs = total sales - contribution margin = $405,00 - $81,000 = $324,000

variable administrative expenses = total variable costs - COGS - variable selling expense = $324,000 - $283,500 - $20,250 = $20,250

1. Prepare a contribution format income statement.

Total sales $405,000

Cost of goods sold $283,500

Gross contribution margin $121,500

Variable selling expense $20,250

Variable adm. expense $20,250

Contribution margin $81,000

Fixed period expenses:

Fixed selling expense $40,500
Fixed administrative expense $16,200

Net operating income $24,300

2. Prepare a traditional format income statement.

Total sales $405,000

Cost of goods sold $283,500

Gross profit $121,500

Operating expenses:

Selling expenses $60,750

Adm. expenses $36,450

Net operating income $24,300

3. Calculate the selling price per unit.

$405

4. Calculate the variable cost per unit.

$324

5. Calculate the contribution margin per unit.

$81

5 0

3 years ago

C Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct lab

lutik1710 [3]

Answer:

Allocated MOH= $523,200

Explanation:

Giving the following information:

Estimated:

estimated direct labor-hours= 21,920 hours

total estimated manufacturing overhead= $526,080

The actual direct labor-hours for the year were 21,800 hours.

To allocate the overhead, first, we need to calculate the predetermined overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate=526,080/21,920= $24 per direct labor hour

Now, we can allocate the overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base= 24*21,800= $523,200

5 0

4 years ago

How can specialization benefit an economy?

RSB [31]

The correct answer to this question is letter "b. it makes production more efficient." Specialization benefit an economy is that it makes production more efficient. In this way, specialization will help the company to focus on a specific product and make the production to be efficient.

7 0

3 years ago