User Account

All Pages

How much is the direct labor cost standard per hour

Assignment Help Accounting Basics
Reference no: EM132886635

Problem - A company is setting its direct materials and direct labor standards for its leading product. Direct material costs from the supplier are $8.00 per square foot, net of purchase discount. Freight - in amounts to $0.40 per square foot. Basic wages of the assembly line personnel are $13.00 per hour. Payroll taxes are approximately 24% of wages. How much is the direct labor cost standard per hour?

Reference no: EM132886635

Questions Cloud

Case study-compensation-benefits : SITUATION 1: The Top Sales Representative Andrew was angry. "It's not fair!" he screamed. "As the boss, I should be paid more, not less, than my salespeople." "
Describe project you have managed personally-professionally : Describe a project you have managed personally or professionally. What were the mission and objectives of the project?
What outside influences might help change the issue : Summarize the article and explain why this issue is important to the global community. What outside influences might help change this issue?
What are the human resources demand forecasting techniques : What are the Human Resources demand forecasting techniques? Describe
How much is the direct labor cost standard per hour : Basic wages of the assembly line personnel are $13.00 per hour. Payroll taxes are approximately 24% of wages. How much is direct labor cost standard per hour
Explain to wanda common reasons : Explain to Wanda common reasons why organizational communications can become ineffective and break down.
What was the significance of the truman doctrine : What was the significance of the Truman Doctrine and how did it establish rules of engagement/confrontation between the US and USSR?
How technology help mitigated the impact of covid-19 : How has technology help mitigated the impact of COVID-19? Write in terms of society as a whole, and also, from your self-reflective position. Use at least 2 in-
Formulate and justify an investment policy statement : Formulate and justify an investment policy statement setting forth the appropriate guidelines within which future investment actions should take place

Reviews

Write a Review

Accounting Basics Questions & Answers

  Autocar company manufactures automobiles the red car

autocar company manufactures automobiles. the red car division sells its red cars for 25000 each to the general public.

  Outline how you would test the control recommended

Outline a specific, practical preventive control that would directly address the risk. Outline how you would test the control recommended in d) above

  Identify the relevant tax issues for Martha

The warehouse has appreciated by $180,000 based on Martha's estimate of its fair market value. Identify the relevant tax issues for Martha

  Calculate the debt to equity ratio

The following is selected simplified information from Organic Catering's balance Sheet as at December 31, 2020 - Calculate the debt to equity ratio

  Determining personal after-tax yield

An investor recently purchased a corporate bond which yields 9 percent. The investor is in the 36 percent combined federal and state tax bracket. What is the bond's after-tax yield?

  Which the difference between consistency and comparability

Which the difference between consistency and comparability. Consistency is a qualitative characteristic of the principle of comparability.

  What did each cap component cost on a per-unit basis

What did each cap component cost on a per-unit basis? What is the probable type of behavior that each of the costs exhibits?

  We bake perfect pies company makes fruit pies using a

we bake perfect pies company makes fruit pies using a process cost system. the dough is made in the mixing department

  How is the amount of past service costs treated

How is the amount of past service costs treated in 2017 and subsequent years under (1) U.S. GAAP and (2) IFRS

  In addition to those accounts listed on the trial balance

ken lumas started his own consulting firm lumas consulting on june 1 2014. the trial balance at june 30 is as

  Predetermined and applied overhead rates

Ganzalez, Inc., manufactures stereo speakers in two factories: one in Vandalia, Illinois and another in Modesto, California. The Vandalia factory uses DL$ for its overhead rate and the Modesto factory uses machine-hours (MHs) for its overhead rate..

  Prepare a statement of cash flows

Aero Inc. had the following balance sheet at December 31, 2014. AERO INC. BALANCE SHEET DECEMBER 31, 2014 Cash $ 21,100 Accounts payable $ 31,100.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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