Calculate the hourly cost of a piece of equipment if it works 1,466 hours per year and has an annual cost of $13,778. (Round to the nearest cent)
Per year Total work Hour = 1466 hr
Total annual cost= $13778
So The Hourly cost = 13778/1466 $/hr
= 9.52835408022 $/hr
Now 1 Doller = 100 cent
So, $9.52835408022 = 952.835408022 cent
Hourly cost of a Equipment Is 952.835408022 cent.
Calculate the hourly cost of a piece of equipment if it works 1,466 hours per year...
Jackson Accounting pays Brooke Peet $84.600 per year. Requirements 1. What is the hourly cost to Jackson Accounting of employing Peet? Assume a 45-hour week and a 47-week year. 2. What direct labor cost would be assigned to Client 507 if Peet works 17 hours to prepare Client 507's financial statements? Requirement 1. What is the hourly cost to Jackson Accounting of employing Peet? Assume a 45-hour week and 47-week year Select the formula below that Jackson Accounting would use...
Sautter Advertising pays Rita Flores $58,500 per year. Requirements 1. What is the hourly cost to Sautter Advertising of employing Flores? Assume a 20-hour week and a 45-week year. 2. What direct labor cost would be assigned to Client 507 if Flores works 18 hours to prepare Client 507's magazine ad? Requirement 1. What is the hourly cost to Sautter Advertising of employing Flores? Assume a 20-hour week and 45-week year. Select the formula below that Sautter Advertising would use...
Gray Accounting pays Tim Johnson $101.760 per year. Requirements 1. What is the hourly cost to Gray Accounting of employing Johnson? Assume a 40-hour week and a 48-week year. 2. What direct labor cost would be assigned to Client 507 if Johnson works 13 hours to prepare Client 507's financial statements? Select the formula below that Gray Accounting would use to calculate the hourly cost and complete the formula. (Round the hourly cost to the nearest cent.) Hourly cost
The following data are extracted from the current year’s budget of J.J. Trading.Machine shopAssembly shopFinishing shopDirect labour hours20,00018,00010,000Hourly wage rateRM3.25RM3.10RM3.00Production overheadRM70,000RM45,000RM20,000 A customer has requested a quotation for supplying a special piece of equipment and the estimator has worked out the following details:Components to be purchasedRM216Materials from storeRM270Direct labour times: Machining80 hours Assembling40 hours Finishing30 hoursDelivery cost to customerRM60 Administration and marketing costs are covered by adding 10% to cost of manufacture. 12...
It is estimated that a certain piece of equipment can save $22,000 per year in labor and materials cost. The equipment has an expected life of five years no market value. If the company must earn a 10% annual return on such investments, how much could be justified now for the pruchase of this piece of equipment?
Art receives a semi-monthly salary of $906.61 and works a regular workweek of 35 hours. (a) What is Art's hourly rate of pay? (b) If Art's gross earnings in one pay period were $1023.17, for how many hours of overtime was Art paid at time-and-a-half regular pay? (a) The hourly rate of pay is $( (Round to the nearest cent as needed.)
Reynolds Construction (RC) needs a piece of equipment that costs $180,000. The equipment has an economic life of 3 years and no residual value. The equipment will not require maintenance because its useful life is so short. RC can borrow the full cost of the equipment at an interest rate of 8% with payments due at the end of the year. Alternatively, RC can lease the equipment for $65,000 with payments due at the end of the year. Assume RC...
ANSWER THE FOLLOWING QUESTIONS:-
It is estimated that a certain piece of equipment can save $22,000 per year in labor (a) and materials costs. The equipment has an expected life of five years and no market value. If the company must earn a 15% annual return on such investments, estimate how much money could be justified now for the purchase of this piece of equipment? Draw a cash-flow diagram from the company's viewpoint 73,747 $2.31 per gallon. In 1993, the...
Foutz Corporation has entered into a 8 year lease for a piece of equipment. The annual payment under the lease will be $3,600, with payments being made at the beginning of each year. If the discount rate is 17%, the present value of the lease payments is closest to: (Round to nearest dollar)
Casey receives an annual salary of 517,472.00, is paid monthly, and works 35 regular hours per week. Overtime is paid at time-and-a-half regular pay. (a) What is Casey's gross remuneration per pay period? (b) What is his hourly rate of pay? (c) How many hours overtime did Casey work during a month for which his gross pay was $1693.60? (a) Casey's gross remuneration per pay period is $] (Type an integer or a decimal) (b) Casey's hourly rate of pay...