Solve Suppose that the allowance factorfor a job is 0.12, and the normaltime is 6.5 hours. What is thestandard time?

The Standard Time for a job accounts for both the Normal Time required to perform the task and the…

Answered: Suppose that the allowance factor for a…

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter6: Managing Cash Flow

Section6.6: Conversion Period Ratios

Problem 2CC

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Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance. Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs Time Charges $221,200 39.500 23,700 $284,400 Material Loading Charges $40.200 6,840 23.040 $70,080 The company desires a $37 profit margin per hour of labor and a 20.00% profit margin on parts. It has budgeted for 7,900 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2020 will be $384.000.
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Which of the following is an example of a direct labor cost standard? A. 0.5 direct labor hours per unit B. $0.95 per square foot C. $40 per direct labor hour D. 50 square feet per unit
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The standard labor rate is $8 per hour. Standard labor allowed per unit is 0.6 hours. The actual cost per labor hour is $7.5 and the actual labor hour per unit is 0.7 hours. What is the standard labor cost per output unit? a. $4.8 b. $5.6 c. $4.5 d. $5.25
Why might a company claim that the total cost of employing a person is $15.30 per hour when the employee's wage rate is $10.50 per hour? How should this difference be classified and why?
Please give me answer Accounting

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Suppose that the allowance factor for a job is 0.12, and the normal time is 6.5 hours. What is the standard time?