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
Ivanshal [37]
3 years ago
6

Ring Company designs and builds jewelry. During June it had applied overhead of $120,000. Overhead is applied at the rate of 75%

of direct labor cost. Direct labor wages average $20 per hour.How many direct labor hours did Ring Company have for the month of June?
Business
1 answer:
igomit [66]3 years ago
3 0

Answer:

4.500

Explanation:

According with the information say that the $120.000 correspond to overhead to the rate of 75% of direct labor force, so you have to calculate the portion that is directed to the direct labor cost:

Direct labor cost: $120.000 * 75%

Direct labor cost: $ 90.000

Now you know that the average wages per hour of the direct labor force is $20. Now you have to divide the direct labor cost by the average salary per hour to calculate the number of hours worked in June.

Number of hours = $ 90.000/$20

Number of hours = 4.500  

You might be interested in
The HR manager of SuperGlam, an online discount fashion retailer, wanted to redesign the workflow in customer service, order ful
GrogVix [38]

Answer:

Job analysis skills.

Explanation:

Job analysis is a the ability to identify the detail of a job as well as determine the requirement needed to get such job. It also involves helps to show the importance of certain duties to a job.

Simply put, Job analysis can be defined as the way and manner by which a job's duties and requirements are set for employees.

In the above question, it can be seen that the HR of Superglam is trying to determine duties and employee requirement to enable efficiency of employees in their job posts.

Cheers.

8 0
3 years ago
A person who saves money for the future by buying a whole life policy A. pays the same premium for the same amount of term cover
Karolina [17]

Answer:

B. is able to accumulate tax-free interest earnings on cash values.

Explanation: whole life insurance policy also known as permanent life insurance,is an insurance policy where people who buy the policy are deferred from paying tax,this policy ensure that you pay the same amount of premium throughout the policy,it is a policy that is not termed and it doesn't expire it can last up to 120years.

6 0
3 years ago
What is meant by market in the lower-of-cost-or-market rule?
Pavel [41]

Answer:

Stock is valued at lower of : cost or market price [prudence principle]

Explanation :

Prudence or Conservatism is an accounting principle : anticipating for all possible losses & expenditures, not anticipating for possible profits & gains. This makes business better prepared to face all contingent expenditures/ losses.

This concept's implication is that : Stock or Inventory is valued at the value whichever is lesser between 'cost of inventory' & sale price. This makes inventory valuation as per the above explained Prudence/ Conservatism principle.

7 0
3 years ago
A change in the amount of sales can be due to either a change in the units sold or a change in price or both.
olga55 [171]

Answer:

true

Explanation:

The amount of sales variables (units sold and price) are correlated then a change in 1 will always alter the other.

5 0
3 years ago
The accounts receivable balance is $1,000,000. After adjustment, the allowance for doubtful account balance is $40,000. Net Sale
larisa86 [58]

Answer:

$960,000

Explanation:

The net realizable value is the total cash that the company will expect to receive from their accounts receivable. The net realizable value (NRV) can be determined by:

NRV = total accounts receivable - allowance for doubtful accounts = $1,000,000 - $40,000 = $960,000

3 0
3 years ago
Read 2 more answers
Other questions:
  • When josh’s wage rises and he decides to work more hours, we know that the __________ effect has dominated the __________ effect
    8·1 answer
  • Neoclassical Model of Investment" (1 point): In class, we discussed the idea of net investment, and how it could change in respo
    8·1 answer
  • here is ongoing debate among U.S. policymakers whether the role the government in the healthcare system should be expanded or re
    6·1 answer
  • Assume that Jack and Hal and Sophia enter into a valid contract for the sale of the restaurant and for the covenant not to compe
    11·1 answer
  • What do employers seek when they are looking for "groupings" of collective skills and knowledge?
    7·1 answer
  • The European Union (EU) bans the importation of hormone-fed U.S. beef and bioengineered corn and soybeans on safety grounds alth
    8·1 answer
  • Rolling Hills Golf Course is planning for the coming golfing season. Investors would like to earn a 10% return on the company's
    13·1 answer
  • The difference between _______ interest and compound interest is that the amount of compound interest earned gets (bigger or sma
    15·1 answer
  • You own a portfolio that has $1,720 invested in Stock A and $3,470 invested in Stock B. The expected returns on these stocks are
    12·1 answer
  • Preparing a stakeholder register and performing a stakeholder analysis are part of which knowledge area?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!