Bob gets paid 8*40= $320 a week - $63.08 = $256.92 - $33.21 = $223.71 - $42.05 = $181.66. Therefore Bob's net pay on his paycheck is $181.66.
Answer:
$310,000
Explanation:
The direct labor cost is equal to the wages of machine operators i.e $310,000 as it is directly related to the production units
Moreover, the selling and admin personnel is a period cost that includes the major part of selling and admin expenses, therefore, it would not be considered
Plus the direct labor cost comes under the product cost like direct material cost, direct labor cost, etc
Hence, the direct labor cost is $310,000
Answer:
The opening balance is the amount of money that is available in the bank at the beginning of each financial period, such as the start of each month or each year. It is the amount brought forward and first figure entered in the account at the beginning of each period. When the amount is newly opened, the opening balance is the first amount entered in the account
Therefore, the opening balance is the difference between the closing balance and the deposit less the withdrawals within a period
Closing Balance = The Opening Balance + Total Income - Total Expense
Therefore;
<em>The Opening Balance = Closing Balance - Total Income + Total Expense</em>
Explanation:
Answer:
$7.05
Explanation:
Given that
Direct labor = $3.50 per unit
Direct material = $1.25 per unit
Variable overhead = $41,400
Total fixed overhead = $150,000
Produced units = 18,000
The computation of total product cost per unit under variable costing is shown below:-
Total Variable overhead = Variable overhead ÷ Produced units
= $41,400 ÷ $18,000
= $2.3
Total product cost per unit = Direct labor + Direct material + Total variable overhead
= $3.50 + $1.25 + $2.3
= $7.05
Answer:
354 hours
Explanation:
Direct material cost = $7,250
Actual manufacturing overhead cost = $40,800
Applied manufacturing overhead cost = $40,800
The given value if work process at end of May(May 30) = $16,808 and & $7,250 was used as direct material cost.
Thus, remaining labor and overhead = $16,808 - $7,250 = $9,558
Given an overhead rate of $12 per hour and labor rate of $15 per hour
Overhead rate + labor rate = $12 + $15 = $27 per hour
Direct labour hours worked =
$9,558 ÷ $27 = 354 hours
Therefore the actual direct labor hours worked during may is 354 hours
None of the given option is correct. They are stated in $ and the values are unrealistic.