Mighty Corporation Manufactures End Tables

question 91

Multiple Choice

Mighty Corporation manufactures end tables. Each end table requires .50 direct labor hours in its production. Mighty Corporation has a direct labor rate of $13 per direct labor hour. The production budget shows that Mighty Corporation plans to produce 600 end tables in March and 1100 end tables in April. What is the total combined direct labor cost that Mighty Corporation should budget in March and April?

• A)14,300
• B)3900
• C)11,050
• D)22,100

Grasp the basics of using functions and formulas in spreadsheets.

Recognize the role of system software in operating a computer.

Identify software dedicated to specific professional tasks.

Understand the different considerations and strategies for software upgrades.

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Definitions:

Percent of Sales Method

A financial forecasting model that predicts future variables, such as expenses and inventory levels, as a percentage of projected sales.

Credit Sales

Sales of goods or services that are paid for at a later date, extending credit to customers.

Bad Debt Expense

An expense reported by businesses to account for receivables that are no longer collectible, affecting the net income.

Allowance for Doubtful Accounts

A contra-asset account on the balance sheet, estimating the amount of receivables that are expected to be uncollectible.