Examlex

Solved

Use the Following to Answer Questions

question 52

Multiple Choice

Use the following to answer questions
Hepburn Corporation's sales price is $30 per unit. Unit sales information is presented below:
Use the following to answer questions Hepburn Corporation's sales price is $30 per unit. Unit sales information is presented below:    Management estimates that 2% of credit sales are uncollectible. Of the remaining credit sales, 30 percent are collected in the month of sale and the remainder in the following month. The March 31 ending inventory is 5,500 units, and Hepburn wants to have 10% of the next month's sales in ending finished goods inventory. -Each finished unit requires 2 direct labor hours.The average direct labor rate is $14 per hour.What amount should Hepburn budget for direct labor for April? A) $1,596,000 B) $1,464,400 C) $ 732,200 D) $ 104,600 Management estimates that 2% of credit sales are uncollectible. Of the remaining credit sales, 30 percent are collected in the month of sale and the remainder in the following month. The March 31 ending inventory is 5,500 units, and Hepburn wants to have 10% of the next month's sales in ending finished goods inventory.
-Each finished unit requires 2 direct labor hours.The average direct labor rate is $14 per hour.What amount should Hepburn budget for direct labor for April?


Definitions:

Polyploid Cell

A cell containing more than two paired (homologous) sets of chromosomes, often found in plants and some animal species.

Flowering Plant

A plant that reproduces through the production of flowers and seeds, belonging to the angiosperm classification.

Directional Selection

A type of natural selection where an extreme phenotype is favored over other phenotypes, causing the allele frequency to shift over time.

Related Questions