Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Finance & Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=411)
-   -   Accounting problem (https://www.askmehelpdesk.com/showthread.php?t=14036)

  • Oct 23, 2005, 06:27 PM
    tsmith86
    accounting problem
    Can someone please check my answer to see if I am correct.
    -Mars corporation has developed the following flexible budget formula for annual indirect labor costs:
    Total annual cost=$12,000+.$.25 per machine hour.
    Operating budgets for the current month are based on 5,000 hours of planned machine time. Indirect labor costs included in the monthly planning budget are:
    A 13,250
    B. 1,250
    C. 3,200
    D. 2,250
    MY ANSWER: A
  • Oct 24, 2005, 07:43 AM
    SSchultz0956
    They are asking for indirect labor costs included in the monthly planning budget . Since labor costs (annually) are 12000 + .25 per indirect labor hour, you would take the 1250 and add it to the monthly planning budget which would be 1000 dollars (12000/12) which would get you 2250. Sorry if I'm wrong.
  • Nov 8, 2005, 09:19 PM
    mathieu67
    Interest Rate Question
    If a situation involves a 10% interest rate compounded semiannually for 10 years, what interest rate and number of periods would be used to compute the present value?
  • Nov 9, 2005, 03:28 PM
    CaptainForest
    The correct Answer is D: 2250

    Annual Formula for Labour:
    $12,000+.$.25X

    Threrefore, monthly formula for Labour:
    $12,000/12 +.$.25X
    1,000 + .25X

    Therefore, 1000 + .25 (5000) = 2250

  • All times are GMT -7. The time now is 01:58 AM.