Give true answer this general accounting question Cost of materials $28 per unit, rent$40,000, selling price per $80, costof labor per unit $15,salaries$180,000. Calculate the Labor Costas a percentage of Sales Revenue.

Step 1: Define Labor CostLabor expenses refer to the total cost paid for the labor hours used in the…

Answered: Cost of materials $28 per unit, rent…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 4CDQ: How would each of the following costs be classified if units produced is the activity base? a....

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general account
Profit was
Data Year 2 Quarter Year 3 Quarter 1 2 3 4 1 2 Budgeted unit sales 40,000 60,000 100,000 50,000 70,000 80,000 • Selling price per unit • Accounts receivable, beginning balance • Sales collected in the quarter sales are made • Sales collected in the quarter after sales are made • Desired ending finished goods inventory is • Finished goods inventory, beginning • Raw materials required to produce one unit • Desired ending inventory of raw materials is • Raw materials inventory, beginning • Raw material costs • Raw materials purchases are paid and • Accounts payable for raw materials, beginning balance $12 per unit $65,000 75% 25% 30% of the budgeted unit sales of the next quarter 12,000 units 5 pounds 10% of the next quarter's production needs 23,000 pounds $0.80 per pound 60% in the quarter the purchases are made 40% in the quarter following purchase $81,500 •Direct labor cost per hour •Direct labor hour per unit $15 per hour 0.2 hour per unit $2 per hour $60,000 •Variable MOH rate…
Cost of the product?
Compute for the total cost per month using costing labor cost by the given data Compute for the percentage weight of the monetary benefit, non monetary benefit, and deferred monetary benefit Compute for the percentage of cost relevant to the sales of total labor cost, given that there are 40 employees in the company and the revenue of the company is 2,500,000 monthly.
A product cost is composed of the following:
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A.Prepare Statement of Income and Expenses with a marginal contribution approach. Empresas La Torre presents the following information for the year ended December 31, 2020: Product Costs: Direct materials (Variables) $ 50.00 per unit Direct Labor (Variable) $ 20.00 per hour Variable Indirect Costs $ 10.00 per hour Total Fixed Indirect Costs $ 250,000 Period Expenses Seller Commissions $ 20.00 per unit Variable Administrative Expenses $ 30.00 per unit Total Fixed Administrative Expenses $ 150,000 The company sells solar batteries at $ 200.00 per unit. Making each battery takes 2 hours of direct labor. The company taxes its income at 40%. If the Company sells 10,000 units, prepare a statement of income and expenses using the marginal contribution approach.
Compute the contribution margin ratio and fixed costs using the following data. Sales $ 4,500 Variable costs $ 2,925 Income $ 550
Consider the following information: Sales revenue: $12,000 Variable manufacturing expenses: $3,000 Variable marketing and admin. expenses: $1,000 Fixed manufacturing expenses: $1,500 Fixed marketing and admin. expenses: $500 Based on the above information, the contribution margin is:
Compute the contribution margin.
General Accounting question

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Cost of materials $28 per unit, rent $40,000, selling price per $80, cost of labor per unit $15,salaries $180,000. Calculate the Labor Cost as a percentage of Sales Revenue.