Pabon Corporation makes one product. Budgeted unit sales for August and September are 11,100 and 12,600 units, respectively. The ending finished goods inventory equals 40% of the following month's sales. The direct labor wage rate is $19.00 per hour. Each unit of finished goods requires 2.5 direct labor-hours. The estimated direct labor cost for August is closest to:
A. $389,000
B. $555,750
C. $222,300
D. $29,250
Answer: B
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What will be an ideal response?
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The December 31 . 2014, balance sheet of Giorgio Inc, reported total assets of $1,050,000 and total liabilities of $680,000 . The following information relates to the year 2015: • Madden Inc issued an additional 5,000 shares of common stock at $25 per share on July 1 . 2015. • Madden Inc paid dividends totaling $80,000. • Net income for 2015 was $110,000. • No other changes occurred in
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