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

  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