Heather is a Hourly employee and Alicia is a full-time Salary employee.
<h3>What is
employee?</h3>
An employee is someone who works for someone else or a company in exchange for wages or other agreed-upon compensation. An employee is someone who works for McDonald's and is paid a certain amount of money for each hour worked.
Employees are paid to perform specific duties and tasks for their employers. They typically work full-time, part-time, or on a temporary basis. Employees carry out specific job responsibilities and roles, which are usually defined in the job description.
An employer is a person, company, or organization that hires people and pays them for their services. Employees are people who are paid to do work.
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Answer:
Explanation:
Rordan Corporation
Direct Labor Budget
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Year
Required production in units:
1st Quarter = 8, 000
2nd Quarter = 6, 500
3rd Quarter = 7, 000
4th Quarter = 7, 500
Year = 29, 000
Direct labor time per unit (hours):
1st Quarter = 0.35
2nd Quarter = 0.35
3rd Quarter = 0.35
4th Quarter = 0.35
Total direct labor hours needed:
1st Quarter = 2, 800
2nd Quarter = 2, 275
3rd Quarter = 2, 450
4th Quarter = 2, 625
Year = 10, 150
Direct labor cost per unit:
1st Quarter = $12
2nd Quarter = $12
3rd Quarter = $12
4th Quarter = $12
Total direct labor cost:
1st Quarter = $12 x 2, 800 = $33, 600
2nd Quarter = $12 x 2, 275 = $27, 300
3rd Quarter = $12 x 2, 450 = $29, 400
4th Quarter = $12 x 2, 625 = $31, 500
Year = Q1 + Q2 + Q3 + Q4 = $121, 800
Answer:
According to generally accepted accounting principles, inventoriable cost per unit of Big would be $17.00
Explanation:
Absorption Costing method is suitable for external reporting purposes and thus preferred in reporting According to the generally accepted accounting principles (GAAP)
Absorption Costing Includes Both Fixed and Variable <em>Manufacturing Overheads</em> in Product Costings Calculations
<u>Calculation of Inventory Cost per Unit According to Absorption Costing:</u>
Direct material 2.00
Direct labor 8.00
Variable Manufacturing Overhead 3.00
Fixed Manufacturing Overhead ($24,000/6,000) 4.00
Inventory Cost per Unit 17.00
Answer:
$21,000
Explanation:
Given;
net change in cash = $50,000
net cash provided by investing = $5,000
net cash provided financing activities = $14,000
net change in cash = net cash provided by operating + net cash provided by investing + net cash provided financing activities
50000 = net cash provided by operating + 5000 + 14000
net cash provided by operating = 50000 - 5000 - 14000
= 21000
net cash provided by operating is $21,000
