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Oksi-84 [34.3K]
3 years ago
10

Webster Corporation is preparing a master budget for the first quarter of the year. The company budgets production of 2,680 unit

s in January, 2,600 units in February and 2,740 units in March. Each unit requires 0.6 hours of direct labor. The direct labor rate is $12 per hour. Compute the budgeted direct labor cost for the first quarter budget.
Business
1 answer:
djyliett [7]3 years ago
8 0

Answer:

The budget direct labor cost for the first quarter of the year is $57,774

Explanation:

Units per month:

January = 2,680

February = 2,600

March = 2,740

Total of units first quarter of year = 2,680+2,600+2,740= 8,020

So, "Each unit requires 0.6 hours of direct labor"

We need to multiply the units by the hours of direct labor

*why ?

Rule of three

1 unit need --------- 0.6 hours direct labor

8,020---------------- ?

= (8,020 x 0.6) / 1

= 4,812 / 1

= 4,812 hours we need to produce the total units

Finally: we need to multiply the hours by the payment per hour, or direct labor rate that is $12

4,812 x $12= $57,774 is the budget direct labor cost for the first quarter of the year.

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Answer: The statement is <u>TRUE.</u>

Financial intermediaries are those people or companies that offer financial services to the investor without the latter having to contact the issuer of the financial instrument.

Its function is that of intermediation between people who save and people who need financing, that is, between buyers and sellers.

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A company had net cash flows from operations of $341,000, net income of $286,000 and average total assets of $1,850,000. The cas
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Explanation:

Based on the information given, the cash flow on total assets ratio will be calculated as:

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3 years ago
One disadvantage of relational contracting is that it may cause firms to abandon established relationships. a. True b. False
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Answer:True

Explanation:

Adverse approaches to contracting in some companies have led to reduced efficient industry with lower productivity levels. However, the relational contracting approach has evidently increased the efficiency by developing partnering agreements and joints team goals and reviews that enhanced financial returns.

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4 years ago
DASH Airlines is considering the addition of a flight from Red Cloud to David City. The total cost of the flight would be $1,100
Talja [164]

Answer: add this flight because marginal revenue exceeds marginal costs.

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7 0
3 years ago
7. Eva and Maria entered into a written contract pursuant to which Eva was to render decorating services for Maria for a total p
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Answer:

(a) Eva endorsed the check, without making any further notations on it, deposited it and sued Maria for the remaining $15,000 she claims is due. Judgment for whom?

Maria's debt is settled (cancelled) because Eva accepted the check and did not write "under protest" or "without prejudice" when she endorsed it. This debt was an unliquidated debt since maria and Eva did not agree on the total amount due, but since Eva cashed the check without writing down any type of notation with respect to their disagreement, the debt will be considered settles.

(b) Instead of the facts in (a) assume that Eva wrote "under protest" on the check when she endorsed it and, after depositing it, sues Maria for $15,000. What result?

If Eva wrote under protest, then she is not accepting Maria's payment. She is entitled to cash the check because she might need the money, but she is making it clear that she doesn't agree with the settlement. Eva could win the suit (that also depends on other factors not specified in the question).

(c) Instead of the facts in (a) and (b), assume that Eva and Maria had a telephone conversation in which Eva agreed to take $60,000 in full satisfaction of Maria’s obligation under the contract. Maria then sent the check, with a letter referencing the telephone conversation. Eva wrote "under protest" on the check, endorsed and deposited it, and then sued Maria for $15,000. What result? Explain.

Unless Maria can prove that Eva agreed with the $60,000 payment, then a court would not even consider the telephone call and the outcome would be similar to question (b). The problem with oral agreements is that one party will say this and the other party will say something else. You need some type of proof in order for an oral agreement concerning a $75,000 (or even $60,000) dispute to be valid.

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