How much is the total amount of budgeted direct labor

Assignment Help Accounting Basics
Reference no: EM132731780

Question - Belmont Company is planning to sell 400 buckets and produce 380 buckets during September. Each bucket requires 500 grams of plastic and one-half hour of direct labor. Plastic costs $10 per 500 grams and employees of the company are paid $15.00 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Strand has 300 kilos of plastic in beginning inventory and wants to have 200 kilos in ending inventory. How much is the total amount of budgeted direct labor for September?

a) $6,000

b) $5,700

c) $3,000

d) $2,850

Reference no: EM132731780

Questions Cloud

Explain the meaning of consolidated financial statements : Explain the meaning of consolidated financial statements. Discuss which entities should prepare consolidated financial statements
What is the total value assigned to new piece of equipment : The new piece of equipment is expected to have a 10 year life and a salvage value of $15,000. What is the total value assigned to the new piece of equipment
Determine the balances in the work in process : Determine the balances in the work in process and finished goods inventories for the Kitchen Ninja knife series on December 31, 20Y8
Prepare a cash budget for January and February : Danner Company expects to have a cash balance of $60,435 on January 1, 2017. Prepare a cash budget for January and February
How much is the total amount of budgeted direct labor : Belmont Company is planning to sell 400 buckets and produce 380 buckets during September. How much is the total amount of budgeted direct labor
Prepare journal entry to record regis employer payroll taxes : Prepare the journal entry to record Regis's employer payroll taxes resulting from the January 8 payroll. Regis's state unemployment tax rate is 5.4%
Record the transactions in the ledger accounts : Record the following transactions in the ledger accounts of L. Black for the month of March 2015 and balance-off the accounts, the extract a Trial Balance
Prepare journal entries to summarize history of building : Prepare the journal entries to summarize the history of the building as it would be reported in the city's government-wide statements
What are two biggest concerns relating to possible fraud : What are your two biggest concerns relating to possible fraud on the part of the couple for the motel business

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