please help ASAP It takes a lawyer 120 minutes to serve one customer. Demand is 2 customers per 6-hour day. The lawyer has a wage rate of $200 perhour.a. What is the cost of direct labor for the lawyer expressed in $ per customer?per customerb. What is the labor utilization of the lawyer? (Enter your answer as a decimal between 0 and 1 (not a percentage) rounded to 2 decimalplaces.)

Labor utilization is the percentage of effective time workers are engaged in the production process.…

Answered: labor utilization

Business

Accounting

labor utilization

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Use EMBG's adjusted trial balance to prepare EMBG's balance sheet for the current year-end. EMBG…

A: Definition: Balance sheet: To Know the financial position of the business balance sheet is prepared.…

Q: Please help thanks

A: Equivalent units: This is one of the processes costing methods, under this method the uncompleted…

Q: How to draw a npv profile in excel

A: Net Present Value (NPV) is the technique used to discount the cash flows generated over the period…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: pension protection act of 2006 strengthens the U.S. pension system by imposing stricter funding…

Q: Journalize the following transactions of Concilio Video Productions Inc.: Issued 2,000 common shares…

A: Stockholder's Equity -Stockholder's Equity includes the amount contributed by shareholders issued in…

Q: Write short notes on: IP Security Email Security

A: The Answer :

Q: Can I get help with requirement 4-7 as well?

A: Calculation of Return on Equity (ROE) for the previous year and current year. Return on Equity (ROE)…

Q: I'd like the 1st question answered please for problem 23

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What risks are associated with letting employees use their favorite app to perform various tasks?

A: Risk: is a situation where the positive results are not same if we compare the actual desired…

Q: Please read your answer once again

A: Bonds are safe investments and annual coupons are paid on that as per the rate mentioned and the par…

Q: Student ID Day 63638034 Monday 23957096 Thursday 28080825 Monday Exam Score 61 70 1. How many…

A: =COUNTIF is used to count the cells satisfying the given criteria in the given range.

Q: Please refer to pictures and help me with problem thanks!

A: Answer 1: Working note 1: Predetermined overhead rate=Estimated total manufacturing…

Q: Hello, I would need guidance with A-F, if possible.

A: Manufacturing overhead: It is the indirect cost incurred as a part of manufacturing the products.…

Q: How to be an ips officer

A: The answer is stated below:

Q: John wishes to borrow 20,000. Lender X and Y offer the following terms: (1) Lender X will be repaid…

A: Present value:Present value is popularly known in short as PV. It is a concept of accounting that…

Q: journal entries required

A: Journal entries are the starting step towards the accounting cycle. It is the initial recording of…

Q: Calculate the capitalized cost of a project that has an initial cost of Php 3,000,000 and an…

A: Given, Initial Cost = Php 3,000,000 Additional Cost= Php 1,000,000 n = 10 years P (A) = Php 100,000…

Q: pos.

A: This statement is also known as Statement of Profit and Loss or Profit and Loss Account. Income…

Q: I need help with Req 4 and Req 5.

A: Introduction:- CVP analysis is used to identify the changes in costs and volume affect a company's…

Q: end balances of Cruz Com No. 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168…

A: The closing entries are prepared to close the temporary accounts of the business.

Q: Describe what we mean by posting.

Q: Please explain the video https://youtu.be/e2CjAgGclkM

A: Liquidity Ratios:Current Ratio: This ratio measures a company's ability to pay its short-term…

Q: When preparing a report form of a Balance Sheet for a merchandising business, assume that the…

A: Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: Uncollectible Accounts-Percentage of Sales and Percentage of Recelvab At the end of the current…

A: We shall answer the first question since the exact one was not specified. Please resubmit a new…

Q: advance for P 60,000. B. On October 1, 2016, Mr. Kemeki, open a consulting firm The business adjusts…

A: Adjusting entries are those entries which are passed at the end of period to reflect income,…

Q: What is information privacy?List five ways to safegaurd your personal information.

A: A decision has yet to be made on What is the definition of information confidentiality? Five…

Q: Preparation of the statement of changes in stockholders' equity The purpose of this exercise is to…

A: Stockholder’s Equity is the amount of remaining assets if all the liabilities in the business are…

Q: The following errors were found in the books of Rosco Consulting during the month: 1. Consultancy…

A: Rectification entries are those that correct the errors made in the recorded entries, without…

Q: can i get answers for activity 4 please

A: Here to discuss about the details of the preparation of the ledger account trial balance profit and…

Q: How to earn through ecommerce

A: Electronic commerce or e-commerce Electronic commerce or e-commerce (sometimes written as…

Q: Kindly answer #7 -10 will surely given an upvote show complete solution.

A: Liabilities refers to the obligations which the business need to pay and it states current…

Q: Write a research paper explaining how the T Account process works

A: T accounts are visual representations of individual accounts that looks like a "T" and is used to…

Q: Cost Behavior Alisha Incorporated manufactures medical stents for use in heart bypass surgery. Based…

A: Since you have posted a question with multiple sub-parts, we will do the first three sub-parts for…

Q: Big help please

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…

Q: Please also help on part 4 and 5.

A: I have answered only part 4 and part 5, i took some required information from previously answered…

Q: Discuss the Crowdfunding Campaign process with appropriate examples.

A: Crowdfunding is defined as the method or techniques used for raising the finances or funds from the…

Q: Hi, Can you please answer E14.11?

Q: Why digital payment has changed the fiance systems?

A: In the recent past and last few years’ digital payment systems have boomed. Different forms of new…

Q: Homework help asap

A: Opportunity cost is the earnings which have been lost due purchase of asset.

Q: Please help on part 4 while showing work

A: As per Bartleby honor code, when a particular part is asked, the expert is required only to solve…

Q: Hi can u post this transaction for me please ( the current Answers are wrong)

A: Journal entry refers to an entry that records all the transactions which are financial in nature. It…

Q: What are the advantages and disadvantages of accessing online primary sources?

A: Primary sources are the proof of history, original records or objects created by participants or…

Q: Hello. Please answer required 2 (journalize) Thanks.

A: Journal entry is the process of recording the business transactions in the books of accounts for the…

Question

please help ASAP

It takes a lawyer 120 minutes to serve one customer. Demand is 2 customers per 6-hour day. The lawyer has a wage rate of $200 per
hour.
a. What is the cost of direct labor for the lawyer expressed in $ per customer?
per customer
b. What is the labor utilization of the lawyer? (Enter your answer as a decimal between 0 and 1 (not a percentage) rounded to 2 decimal
places.)

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1 Labor utilization

VIEW

Step 2 Calculation of Cost of direct Labor and Labor utilization

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Wanda Instrumentation produces navigational equipment for ships, aircraft (both staffed and drones), and land vehicles. The parts are produced to specification by their customers. Depending on the customer and the type of job, the customer pays according to the terms of either a "fixed-price" contract (the price does not depend directly on the cost of the job) or of a "cost-plus" contract (the price is equal to recorded cost plus a fixed fee). Wanda expects only two clients (Ivanhoe Aviation and Rolf's Shipyard) in Year 2. The work done for Ivanhoe will all be done under cost-plus contracts while the work done for Rolf's will all be done under fixed-price contracts. Selected budget data for Year 2 include the following: Direct labor cost ($000) Direct materials cost ($000) Manufacturing overhead ($000) Ivanhoe Aviation $ 660 1,980 Required A Required B Required: a. Compute the predetermined rate assuming that Wanda Instrumentation uses direct labor costs to apply overhead. b. Compute…
Please respond via a memo on your thoughts of the GAAP article bellow:
Ma1 . Who benefits most from Peace of Mind®? Complex return filers. EITC filers. Clients with refunds. All clients.
Would you please provide the answer for #4 as well? Thank you!
Can you please expand on how you got the answer for: Think-Local Inc
Kindly answer #4 will surely given an upvote thank you
please help with the question that is attached as a picture. thanks
Can you please solve questions 5-15 of the problem above. Thank you.
Hi! What are the threats and recommendations for this flowchart? Thank you!
Please show work on how to do part 5, 6a, 6b. Thank you.
Can you share an example and explainwhy the CVP is important please.
Discuss your insights about the FMEA