A Company Is Setting Its Direct Materials and Direct Labor

question 82

Multiple Choice

A company is setting its direct materials and direct labor standards for its leading product. Materials cost from the supplier are $5 per square foot, net of purchase discount. Freight-in amounts to $0.10 per square foot. Basic wages of the assembly line personnel are $10 per hour. Payroll taxes are approximately 20% of wages. How much is the direct labor cost standard (per hour) ?

• A)$2 per hour
• B)$10 per hour
• C)$12 per hour
• D)$17 per hour

Understand the concept of gender schemas and how they influence perception and behavior.

Explain the disparities in professional fields and how gender affects perceptions and opportunities.

Understand the physiological distinctions between males and females including chromosomes and hormone functions.

Recognize the impact of environmental factors on sexual development.

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Definitions:

Purchase Method

An accounting method used in mergers and acquisitions where the assets and liabilities of the acquired company are added to the acquirer's balance sheet at their fair market values.

Business Combination

A transaction or event in which an acquirer obtains control of one or more businesses, often involving mergers, acquisitions, or consolidations.

Pooling-of-interests Method

A merger accounting method in which the assets and liabilities of merging companies are combined using book values, rather than the purchase method.

Statutory Amalgamation

A merger or combination of two or more companies into a new entity, governed and approved by a legal statute.