What is the total amount to be budgeted for direct labor

Assignment Help Accounting Basics
Reference no: EM131794649

Teller Co. is planning to sell 600 boxes of ceramic tile, with production estimated at 580 boxes during May. Each box of tile requires 44 pounds of clay mix and a quarter hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $12.00 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Teller has 2,600 pounds of clay mix in beginning inventory and wants to have 3,000 pounds in ending inventory.

What is the total amount to be budgeted for direct labor for the month?

Reference no: EM131794649

Questions Cloud

Write an algorithm to find the parent of a given node : Write an algorithm to find the parent of a given node in a fully-threaded BST.
What is the expected value of retirement account : You expect to earn 6.1% on your investments. What is the expected value of your retirement account at age 65?
Show the hash table that results : Using a hash table with eleven locations and the hashing function h(i) =i % 11, show the hash table that results when the following integers.
How sensitive is operating cash flow to changes : A 4 year project has product which sells for $25, has $16 in variable costs and $180,000 fixed costs.To undertake the project requires a $540,000 investment.
What is the total amount to be budgeted for direct labor : Teller has 2,600 pounds of clay mix in beginning inventory and wants to have 3,000 pounds in ending inventory. What is the total amount to be budgeted
How much the us dollar will appreciate or depreciate : Finally, suppose that the interest rate in the United Kingdom is rUK = 2% (the U.S. interest rate is still rUS = 5%). Assume the U.S. is the home currency.
Prepare a income statement and balance sheed as of december : Dawson O'Connor is owner of Miller Island Sales, a distributor of fishing supplies. Prepare a 2013 income statement and a balance sheed as of December 31, 2013.
Discuss cost of goods sold using the fifo and lifo methods : Calculate the cost of ending inventory and the cost of goods sold using the FIFO and LIFO methods
What would be the total return of the bond in dollars : What would be the total return of the bond in dollars? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations)

Reviews

Write a Review

Accounting Basics Questions & Answers

  The company uses the absorption costing approach to

gilder corporation manufactures a product that has the following

  Discuss how the personal selling techniques could be

discuss how the personal selling techniques could be applied at a store you frequently visit. provide specific examples

  13000 shares of common stock with a par value of 50 per

below are transactions related to fred couples company.a the city of pebble beach gives the company 5 acres of land as

  Discuss manual company sells goods to nolan company

Manual Company sells goods to Nolan Company during 2017. It offers Nolan the following rebates based on total sales to Nolan

  Classify each cost as variable, fixed or mixed

Helena Company reports the following total costs at two levels of production. Classify each cost as variable, fixed, or mixed.

  The bottlebrush company has income from operations

The Bottlebrush Company has income from operations of $95,940, invested assets of $130,000, and sales of $533,000. Round answers to one decimal place.

  Medical instruments produces a variety of electronic

medical instruments produces a variety of electronic medical devices. medical instruments uses a standard cost system

  All sales are on credit with 75 percent collected during

on july 1 five corners wholesalers had a cash balance of 145000 and accounts payable of 77000. actual sales for may and

  Prepare the appropriate accounting entries

National Electric Company sells a wide variety of consumer good products to various retailers. Please prepare the appropriate accounting entries

  Non current assets-land and equipment

Paris had no liabilities. The fair values of Paris" assets were $2,500,000. Paris"s only non-current assets were land and equipment with fair values of $160,000 and $640,000, respectively. At what value will the equipment be recorded by Raphael?

  Value of the ten-year bond over time

What would happen to the value of the 10-year bond over time if the required rate of return remained at 13%? If it remained at 7%? (Hint: With a financial calculator, enter PMT, 1/YR, FV, and N, and then change N to see what happens to the PV as t..

  Given the following information compute the ending balances

given the following information compute the ending balances of the materials inventory work in process inventory and

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