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Margaret [11]
2 years ago
4

Your staff consists of 5 cashiers, 2 stockers, and 3 salespeople. The cashiers are paid $10 per hour; the stockers are paid $9 p

er hour; the salespeople are paid $14 per hour. What is the average hourly wage across all your workers
Business
1 answer:
shusha [124]2 years ago
5 0

Answer:

$11 per worker

Explanation:

Given;

Number of Cashiers = 5 , Cashier fee per hour = $10

Number of Stockers = 2 , Stocker fee per hour = $9

Number of Sales people =3, Sale person fee per hour = $14

Total number of workers = 5 + 2 + 3

                                          = 10

Total amount paid =  5(10) + 2(9) + 3(14)

                              = 50 + 18 + 42

                              = $110

Average hourly wage across all your workers = 110/10

                                                                            = $11 per worker

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Elk Creek Company’s most popular product requires specialized labor. The employees are highly productive, but also highly paid.
dmitriy555 [2]

Answer:

The direct labor quantity variance for November=$9,000

Explanation:

To calculate the direct labor quantity variance, multiply the standard rate by the difference between the total standard hours of direct labor and the total actual hours of direct labor.

This can be expressed as;

Direct labor quantity variance=(Total standard hours-Total actual hours)×standard rate

where;

Total standard hours=rate×actual number of units produced

Total standard hours=(2×3,600)=7,200 hours

Total actual hours=7,000 hours

Standard rate=$45

replacing;

Direct labor quantity variance=(Total standard hours-Total actual hours)×standard rate

Direct labor quantity variance=(7,200-7,000)×45

Direct labor quantity variance=(200×45)=9,000

Direct labor quantity variance=$9,000

3 0
2 years ago
One of the perils of the outsourcing phenomenon in the electronics industry is that:
Mariana [72]

Answer:

Option(a) is the correct answer to the given question.

Explanation:

The electrical goods require regular or more updating  modifications in the prototypes of the manufacturing.The manufacturing process of the electrical items is versatile it means the designing is changes time to time .

  • The project costs also varies  with there needs. The secret money comes with the evolving environment of manufacturing. Every other change comes with certain expense, called the secret cost. Consequently subcontracted consumer electronics are progressively becoming more costly.
  • All the other options are not correct outsourcing phenomenon in the electronics industry that's why these are incorrect option .
6 0
2 years ago
Easy question.........
madreJ [45]

Answer:

c

Explanation:

7 0
2 years ago
Read 2 more answers
Company XYZ has 2 fixed price contracts for 2 different clients. The company has enough capacity for both contracts but is uncer
frozen [14]

Answer:

<em>The contract A yields a loss under ABC but Contract B yields a profit.</em>

<em>ABC Profit  contract A  $ (3000) contract B  $ 11250</em>

<em>Under absorption costing both contract yield profits.</em>

<em>Absorption Profit    contract A  $ 3250 contract B    $7500   </em><em> </em>

<em>Management should make decisions using ABC and reject Contract A and accept Contract B.</em>

<em></em>

Explanation:

Customer                         AAA               BBB

Component Type           A999                B999

Contract Value ($)       $27,000            $100,000

Contract Quantity         1,000 unit        2,000 unit

Material cost/unit              $15                        $20

Molding time/batch          5 hours            7.5 hours

Batch size                       100 units                50 units

Activity Based Rate= Cost per Unit of Cost Driver

Activity                Cost driver         Cost                 Rate

Molding                2,000              $150,000        $150,000 / 2,000 = 75

Inspection            150                   $75,000        $75,000/150 = 500

<u>Production             20                 $125,000        $125,000/20=  6250         </u>

<u>Total                                             $ 350,000                                           </u>

<u />

<u>Cost Drivers Consumed</u>

<u>Activity</u>                              A999                                      B999

Molding time/batch          5 hours* 10                    7.5 hours *40

                                            50                                   300

Batch size              1,000 unit/ 100 units          2,000 unit/50 units

                                     = 10                                      =40

ABC  Profits for Each Contract

                                         A999                                      B999

Selling Price                  $27,000                              $100,000

Materials                      15*1000                                  20 * 2000  

                                    =   15000                                   =   40,000

Molding                   50 hours *75                               300* 75

                                    3750                                       22500

Inspection             10 batches *500                       40 batches *500

                                 $ 5000                                    $ 20000

Management Contracts    $ 6250                             $ 6250

<u>Total                            $ 30,000                               $ 88,750</u>

<u>Profit                            $ (3000)                                $ 11250</u>

<u></u>

<u>Overhead Rate  Absorption Costing</u>

Total Overheads= ( 150,000 + 125,000+ 75000) = $ 350000

Annual Molding Hours = 2000

<u>Rate= $ 350,000/2000=$ 175 per molding hour</u>

<u></u>

<u>Absorption Costing </u>

<u>Profit For each Contract</u>

<u></u>

                                         A999                                      B999

Selling Price                  $27,000                              $100,000

Materials                      15*1000                                  20 * 2000  

                                    =   15000                                   =   40,000

Overheads                50 hours *175                           300 Hours *175

                               =  8750                                            = 52,500

<u>Total Cost                    23750                                      92500            </u>

<u>Profit                             3250                                            7500         </u>

<u></u>

<em>The contract A yields a loss under ABC but Contract B yields a profit.</em>

<em>Under absorption costing both contract yield profits.</em>

<em>Management should make decisions using ABC and reject Contract A and accept Contract B.</em>

3 0
2 years ago
Last year, your company had sales of $2.4 million. The firm's costs of goods sold amounted to 34% of sales. The firm also paid c
tangare [24]

Answer:

tax expense: 34%        103,020 dollars

Explanation:

Sales                         2,400,000

COGS 34% of sales<u>    (816,000)  </u>

Gross profit                1,584,000‬

other operating        (1,200,000)

depreciation                  (80,500)

interest expense

450,000 x 9%                (40,500)

gain on investment   <u>      40,000  </u>

Income before taxes    303,000

tax expense: 34%        103,020

The dividends paid are not an expense or revenue for the period. is the distribution of prior period gains.

5 0
2 years ago
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