Budgeted direct labor cost for the month

Assignment Help Accounting Basics
Reference no: EM13154154

Margo Company manufactures a product that takes 10 direct labor hours to produce. Margo's budgeted sales are 2,000 units in August and 2,500 units in September. Margo's ending finished goods inventory is budgeted to be 20% of the following month's sales. How much was Margo's budgeted direct labor cost for the month of August, assuming that the hourly wage rate is $15.00

Reference no: EM13154154

Questions Cloud

How many grams of h2so4 are produced : If 2.09 g SO2 react with excess oxygen and water, how many grams of H2SO4 are produced?
Journal entries to correct the errors : Prepare the journal entries to correct the errors (ignore income taxes). Prepare the journal entries to record 2009 depreciation for any assets record in requirement
Problem on annual cost per salesperson : You are thinking of hiring 10 more salespeople. The annual cost per salesperson (including salary and benefits) is $120,000. In addition, each salesperson receives as a bonus 10% of the sales he or she generates. How much should your market share ..
Discuss the necessary conditions make price discrimination : Discuss the necessary conditions to make price discrimination work and the best practices to use price discrimination to maximize profits while avoiding price wars.
Budgeted direct labor cost for the month : Margo's ending finished goods inventory is budgeted to be 20% of the following month's sales. How much was Margo's budgeted direct labor cost for the month of August, assuming that the hourly wage rate is $15.00
Define h2o molecules via ion-dipole intermolecular forces : Consider the following reactions and select the false statement below. CO2(g) + OH?(aq) ? HCO3?(aq) Cr3+(aq) + 6H2O(l) ? Cr(H2O)63+(aq) A. in Cr(H2O)63+ the Cr3+ is attracted to the H2O molecules via ion-dipole intermolecular forces
New amount of break-even units : Due to a technical breakthrough, the fixed costs for a firm drop by 25%. Prior to this breakthrough, fixed costs were $100,000 and unit contribution margin was and remains at $5.00. The new amount of break-even units will be?
Find the government spending multiplier : If the government equally increases pending and taxes by 1000, income will be increased by how much and what should the government do to increase income by 400?
What are these payments worth to you on the day you enter : Your grandmother is gifting you $100 a month for four years while you attend college to earn your bachelor's degree. At a 5.5 percent discount rate, what are these payments worth to you on the day you enter college?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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