Company is committed to paying its direct labor

Assignment Help Financial Accounting
Reference no: EM13923823

 

Veltri Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.74 direct labor-hours. The direct labor rate is $10.40 per direct labor-hour. The production budget calls for producing 7,200 units in October and 6,800 units in November. The company guarantees its direct labor workers a 40-hour paid work week. With the number of workers currently employed, that means that the company is committed to paying its direct labor workforce for at least 5,480 hours in total each month even if there is not enough work to keep them busy. What would be the total combined direct labor cost for the two months?

 

rev: 05_06_2014_QC_49123

$112,403.20

$109,324.80

$113,984.00

$107,744.00

Reference no: EM13923823

Questions Cloud

Forward rate be to prevent arbitrage : Suppose the spot and six-month forward rates on the South Korean won are SKW 1,304.98 and SKW 1,314.82, respectively. The annual risk-free rate in the United States is 3 percent, and the annual risk-free rate in South Korea is 6 percent. What must th..
Two of the most important are the risk and performance : The financial manager evaluates various considerations to take their business decisions. Two of the most important are the risk and performance. There are three types of preferences for risk: (averse), the neutral and to look for (seeking).
What is the firms competitive position in terms of cost : What is the firm's competitive position in terms of cost and pricing? This can be critical to a small firm. What is the firm's cash flow relative to cash requirements for interest, research, growth, and periods of economic decline?
Determine an organization shared assumptions : The best way to determine an organization's shared assumptions is to Which of the following statements about the strength of organizational culture and organizational performance is true? When merging two organizations, a separation strategy is most ..
Company is committed to paying its direct labor : The company guarantees its direct labor workers a 40-hour paid work week. With the number of workers currently employed, that means that the company is committed to paying its direct labor workforce for at least 5,480 hours in total each month even i..
The role of juvenile courts-changing role of probation : The Role of Juvenile Courts. The separation of the juvenile court from the adult court for hearing juvenile delinquencycases is a major social justice statement. The textbook lays out five critical thinking questions at the end of Chapter 6. Select..
What bid price should you submit : Romo Enterprises needs someone to supply it with 126,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. It will cost you $930,000 to install the equipment nec..
Research social media policies at several organizations : Imagine you work in the public relations department of your company, or one in your chosen field. Your business does not currently have a social media policy to guide its interactions online. Research social media policies at several organizations.
Establish and implement stricter ethical standards : Question 1 Even if an organization does not have a history in which people have shared experiences for years, the organizational culture will stabilize. Question 2 The Organization for Economic Cooperation has recommended that global multinational..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Net present value method and annuity

Keystone Hotels is considering the construction of a new hotel for $120 million. The expected life of the hotel is 30 years, with no residual value. The hotel is expected to earn revenues of $47 million per year. Determine the equal annual net cash f..

  How rapidly the market believes the company will grow

the overall efficiency with which the company uses its assets to generate revenues. how rapidly the market believes the company will grow.

  Journalize the transactions

Mar. 2 Issued 5,000 shares of $5 par value common stock to attorneys in payment of a bill for $30,000 for services provided in helping the company to incorporate.

  Power industry select the suitable costing system and

power industry select the suitable costing system and narrate the reasons for the same.northwest power produces

  Prepare entries for these transactions under the method

Tremor Co. had the following transactions in the last two months of its fiscal year ended May 31.

  Employs a normal job order costing system

Antique Inc. employs a normal job order costing system, using direct labor cost to apply manufacturing overhead. The following information is available for 2012 :

  Fougere realtors inc specializes in home resales it earns

fougere realtors inc. specializes in home resales. it earns revenue from selling fees. fougere realtors major costs are

  Advise jim as to his legal position

Advise Jim as to his legal position. Does a contract exist - case law and the relevant sections of any applicable legislation.

  Prepare adjusting entries for the transactions

Prepare adjusting entries for the following transactions.

  Prepare report for the department

This association takes place in the CPU Assembly Department. The company freshly hired a new accountant who prepared the following report for the department for May using the weighted-average method

  Corporation is not eligible for consolidated return status

Which corporation is not eligible for consolidated return status?

  What are tax implications to wilma if she accepts the bank

the bank notifies Wilma that if she pays back $75,000 immediately, they will forgive her $100,000 loan. What are tax implications to Wilma if she accepts the bank’s offer?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd