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    Cost Accounting/Cash Accounting Problems

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    I need help with the following 2 problems...

    1)
    The following direct labor information pertains to the manufacture of product Glu:

    Time required to make one unit 2 direct labor-hours
    Number of direct labor workers 50 workers
    Number of productive hours per week, per worker 40 hours
    Weekly wages per worker $500
    Workers' benefits treated as direct labor costs 20% of wages

    What is the standard direct labor cost per unit of product Glu?

    A) $30
    B) $24
    C) $15
    D) $12

    2)
    Thirty percent of Sharp Company's sales are for cash and 70% are on account. Sixty percent of the account sales are collected in the month of sale, 25% in the month following sale, and 12% in the second month following sale. The remainder is uncollectible. The following are budgeted sales data for the company:

    January February March April
    Total sales $50,000 $60,000 $40,000 $30,000

    Total cash receipts in April are expected to be:

    A) $24,640
    B) $35,200
    C) $31,560
    D) $33,640

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    https://brainmass.com/business/cash-management/cost-accounting-cash-accounting-problems-244597

    Solution Summary

    1)
    The following direct labor information pertains to the manufacture of product Glu:

    Time required to make one unit 2 direct labor-hours
    Number of direct labor workers 50 workers
    Number of productive hours per week, per worker 40 hours
    Weekly wages per worker $500
    Workers' benefits treated as direct labor costs 20% of wages

    What is the standard direct labor cost per unit of product Glu?

    A) $30
    B) $24
    C) $15
    D) $12

    2)
    Thirty percent of Sharp Company's sales are for cash and 70% are on account. Sixty percent of the account sales are collected in the month of sale, 25% in the month following sale, and 12% in the second month following sale. The remainder is uncollectible. The following are budgeted sales data for the company:

    January February March April
    Total sales $50,000 $60,000 $40,000 $30,000

    Total cash receipts in April are expected to be:

    A) $24,640
    B) $35,200
    C) $31,560
    D) $33,640

    $2.19

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