Rodriguez Company pays $384,345 for real estate with land, land improvements, and a building. Land is appraised at $176,000: land improvements are appraised at $66.000; and the building is appraised at $198,000. 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. Complete this question by entering your answers in the tabs below.
Answers
The total cost of $384,345 should be allocated among the three assets based on their respective appraised values. The allocation is as follows:
- Land: $176,000 / ($176,000 + $66,000 + $198,000) x $384,345 = $103,380
- Land improvements: $66,000 / ($176,000 + $66,000 + $198,000) x $384,345 = $30,870
- Building: $198,000 / ($176,000 + $66,000 + $198,000) x $384,345 = $250,095
Therefore, the cost allocation for each asset is as follows:
- Land: $103,380
- Land improvements: $30,870
- Building: $250,095
2. The journal entry to record the purchase would be:
Debit Real Estate with Land: $103,380
Debit Land Improvements: $30,870
Debit Building: $250,095
Credit Cash: $384,345
The allocation of cost among the three assets is based on the proportion of their respective appraised values to the total appraised value. This method of allocation is called the relative-fair-value method.
The journal entry to record the purchase follows the basic accounting equation, where the debits equal the credits. The debits represent the cost of the assets acquired, while the credit represents the cash paid for the purchase.
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Related Questions
"do we build a house forever? do we make a home forever? do brothers divide an inheritance forever? do disputes prevail in the land forever? do rivers rise in flood forever? dragonflies drift downstream on a river, their faces staring at the sun, then, suddenly, there is nothing. The sleeper and the dead, how alike they are!"
Answers
The passage reflects on the impermanence of various aspects of life, such as building houses, making homes, dividing inheritances, resolving disputes, and the transient nature of existence itself. It contemplates the similarity between the living and the dead.
The passage evokes contemplation on the transitory nature of human endeavors and experiences. It raises questions about the permanence of physical structures like houses, the emotional attachment and sense of belonging associated with a home, the division of material possessions among family members, the prevalence of disputes and conflicts in society, and the ephemerality of life itself. The mention of dragonflies drifting downstream and the comparison between the sleeper and the dead further emphasizes the fleeting nature of existence.
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True or False: If Larry's Fire Engines were a competitive firm instead and $100,000 were the market price for an engine, decreasing its price from $100,000 to $80,000 would result in the same change in production quantity and, thus, total revenue.
Answers
Answer:
False
Explanation:
This would actually decrease Larry's revenue per engine sold, but the quantity supplied should increase. The change in Larry's total revenue will depend on the price elasticity of demand. Total revenue could either decrease or increase depending on its PED:
The opportunity cost of watching a movie will be equal to;
А) The time lost while watching the show
B)The pleasure that could have been enjoyed watching TV instead
С )The pleasure enjoyed by watching the show
D) The amount paid to buy the tickets
Answers
Answer:
А) The time lost while watching the show
Explanation:
Opportunity cost is the value of the next-best alternative when a decision is made; it's what is given up.
A and D seems correct, but the wording on D makes A the better answer.
which, if any, of the trait(s) below should serve as a warning sign for an emotionally abusive relationship?
Answers
Several characteristics may act as red flags in a relationship where emotional abuse is taking place. These consist of: Excessive control over the other person's behaviours, choices, and interactions is a sign of emotional abuse by a partner.
They might set limits on who the person can see, what they are allowed to dress, or how they ought to act. Manipulation and gaslighting: Partners of emotional abusers are frequently the targets of manipulation and gaslighting, which causes the victims to doubt their own emotions, perceptions, and sanity. They could embellish the reality, downplay or deny their abusive actions, and place the responsibility at the victim's feet. Constant criticism and insults: Those who abuse their partners emotionally regularly criticise, ridicule, or demean them. To weaken the other person's confidence and self-esteem, they might use insulting or disrespectful remarks. These characteristics ought to act as red flags that the connection can be emotionally abusive. It is imperative to look for assistance, contact professionals or helplines, and take action to guarantee one's own safety and wellbeing.
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What is the purpose of developmental feedback?to plan for the employee's future opportunities inside the organizationto motivate employees to perform at a higher levelto compare individuals' performance with once another
Answers
The primary purpose of developmental feedback is to provide employees with guidance and support to help them develop their skills, abilities, and knowledge. The answer is A) To plan for the employee's future opportunities inside the organization.
This type of feedback is typically focused on helping employees to improve their performance and reach their full potential within the organization.
Developmental feedback may involve providing specific suggestions for improvement, setting goals and objectives for the employee to work towards, or offering training or development opportunities to help the employee acquire new skills. By providing this type of feedback, managers can help employees to grow and develop within the organization, which can ultimately benefit both the employee and the organization as a whole.
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Complete Question
What is the primary purpose of developmental feedback in performance management?
A) To plan for the employee's future opportunities inside the organization
B) To motivate employees to perform at a higher level
C) To compare individuals' performance with one another
D) To provide guidance and support for the employee's professional development
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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a. How many more people were working in agri-
cultural jobs in the traditional economy than in
the market economy?
Answers
In the traditional economy there were hundreds more people working than in the market economy
The market economy is an economic term characterized by:
A system of economic relations based on sale and exchangeThe state does not play a decisive role and in which decisions are made by each economic entity independentlyA market economy is characterized by private propertyOn the other hand, the traditional economy is characterized by:
They are based on traditional economic activities such as agriculture and harvestingFocuses on survivalHas a reduced economic surplusAccording to the above, in a traditional economic system, more people are working in agriculture than in the market economy because the market economy is based on industrial production and exchange.
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23) When a firm operates with excess capacity,
Answers
When a firm operates with excess capacity, it means that the company is not utilizing its full potential for production or output.
What if a firm operates with excess capacity?The firm is producing goods or services at a level below its maximum capacity. This can occur due to various reasons such as market conditions, fluctuations in demand, inefficient resource allocation, or limitations in technology.
Operating with excess capacity can have both advantages and disadvantages for a firm.
On one hand, it allows the firm to be more flexible and responsive to changes in demand, as it can quickly increase production if needed. This can help the firm maintain customer satisfaction and avoid losing market share.
On the other hand, excess capacity can lead to inefficiencies and increased costs. When a firm does not utilize its resources optimally, it may incur higher fixed costs and lower profit margins.
Additionally, excess capacity can signal to competitors that the firm is not operating efficiently, potentially leading to a loss of market share and competitive advantage.
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Your cousin has just graduated from college and is starting her search for an apartment to rent. What are three steps you think she should take during her search?
Answers
When a person lives in a house or apartment of another person or the tenant on a contract basis is called rent.
The three steps that she should take during the rental apartment search is:
She should first know her location and the area very well. The location of the apartment matters for safety as well as convenient purposes. Secondly, she should know her budget well. Budgeting is very important as she is just a graduate and should filter the search accordingly.Lastly, the information about the owner or tenant must be known as it will help in the lease issues and will keep away from illegal problems.In these ways, she could search for the apartment.
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McDonald Industries sales budget shows quarterly sales for the next year as follows: Quarter 1–9,000; Quarter 2–7,000; Quarter 3–11,000; Quarter 4–13,000. Company policy is to have a target finished-goods inventory at the end of each quarter equal to 5% of the next quarter's sales. Budgeted production for the second quarter of next year would be: 1. 7,200 units 2. 7,550 units 3. 11,000 units O 4. 6,850 units
Answers
Budgeted production for the second quarter of next year would be option 1: 7,200 units.
How to calculate the budgeted productionMcDonald Industries' sales budget indicates the following quarterly sales for the next year:
Quarter 1–9,000 units; Quarter 2–7,000 units;
Quarter 3–11,000 units; and
Quarter 4–13,000 units.
The company's policy aims to maintain a target finished-goods inventory at the end of each quarter, equivalent to 5% of the next quarter's sales.
To calculate the budgeted production for the second quarter, we must first determine the target finished-goods inventory for the end of Quarter 1: 5% of Quarter 2 sales (7,000 units) equals 350 units.
Next, we find the target finished-goods inventory for the end of Quarter 2: 5% of Quarter 3 sales (11,000 units) equals 550 units.
Now, we can calculate the budgeted production for Quarter 2. Start with the required sales for the quarter (7,000 units) and add the desired finished-goods inventory for the end of the quarter (550 units).
Then, subtract the finished-goods inventory carried over from Quarter 1 (350 units): 7,000 + 550 - 350 = 7,200 units.
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Command economic serve high degree of government control which economic goals are best suited to a command economies needs
Answers
A communist political system includes a command economy, whereas capitalist countries have a free market. Profiteering is not valued by society; rather, social welfare and equality are.
Which objective is more crucial in a command economy?A command economy is designed to help the government achieve its economic objectives.
These objectives may include maintaining full employment, limiting inflation, or fostering particular businesses. So, boosting economic output is not always the goal of a command economy.
Prevents private companies from monopolizing certain important industries, such as the health and energy sectors. Low unemployment rates or none at all.
A command economy places a higher priority on social welfare. Actually, ensuring the best possible social welfare is one of its main goals.
The goal of command economies is to make the best possible use of each individual's talents and capabilities. A command economy aims to end unemployment by doing this.
Priorities for the production of all commodities and services are determined by the central plan. This covers pricing caps and quotas.
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Which type of product advertisement can be used to sell a company’s product when two or more other companies are selling the same product?
Answers
Answer:competitive advertising
Explanation:
I’m not for sure but I think that might be the answer
Answer: competitive advertising
Explanation:
if on online course it is what was right
the greater the dash the easier the object will move
Answers
Answer:
correct. its true and I absolutely agree with you. good job
Explanation:
Bc y=2x-1^3 is the equation
What do you think were the main concerns with the Olympus two-door sports coupe? Is there a market for a two-seat, $32,000 sports car when the RX-8 sells for significantly less? Evaluate the role of the marketing mix in the Olympus introduction. What are some of the marketing strategies auto manufacturers use to stimulate sales of certain makes of automobiles?
Answers
The main concerns of the sports coupe is that
They did not carry out good research of the marketThey also did not research the people that would buy the product.There is no market for the two seat car given that it would be better if it was a market that people knew with a cheaper price.
2. What is the role of the marketing mix?The role of the marketing mix has to do with the combination of price and the product. These two did not match properly in order to be able to take care of the need of customers and expectations.
3. Some of the strategies would be the use of social media and search engines. This would help to create the awareness for their products and create traffic.
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______ are often used to bring "rule breakers" or economic standouts back in line with community norms.
Answers
Social sanctions are often used to bring "rule breakers" or economic standouts back in line with community norms.
Social sanctions are a method by which networks manage the way of behaving of people who veer off from laid-out standards. These authorizations are utilized to flag objection and can take many structures, including segregation, disgracing, boycotting, or different types of social rejection or dissatisfaction. They act as an instrument to uphold local area esteems and keep social control.
By bringing "rule breakers" or monetary champions back in accordance with local area standards, social approvals assume a significant part in guaranteeing social union and forestalling the rise of problematic ways of behaving. Simultaneously, social authorizations can likewise be utilized to smother development and dispute, featuring the sensitive harmony among congruity and imagination in any general public.
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the successful implementation for change only happens when people accept the need for change and believe that it will improve factors such as productivity and/or customer satisfaction. a) true b) false
Answers
The statement is true. Successful implementation of change in an organization relies on the acceptance of change by people within the organization.
For change to be effective, individuals need to recognize the need for change and believe that it will lead to improvements, such as increased productivity or enhanced customer satisfaction. When people embrace the need for change and perceive its potential benefits, they are more likely to support and actively participate in the change process. This acceptance creates a positive mindset and a willingness to adapt to new ways of doing things, which is crucial for the successful implementation of change initiatives. On the other hand, if individuals resist or do not see the value in the proposed changes, it can hinder the implementation process and impede the desired outcomes. Therefore, gaining acceptance and belief in the need for change is a fundamental factor in achieving successful organizational change.
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PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE
What is the main reason companies offer free or promotional items and services?
to get rid of bad products
to lure in new customers willing to spend money
to reveal their new products to their competition
Answers
Answer:
lure in customers; so the middle option
Answer:
to lure customers
Explanation:
synovec company is growing quickly. dividends are expected to grow at a rate of 22 percent for the next three years, with the growth rate falling off to a constant 6 percent thereafter. if the required return is 12 percent, and the company just paid a dividend of $3.25, what is the current share price? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answers
The current share price of Synovec Company is $66.17
The current share price of Synovec Company can be calculated using the dividend discount model (DDM) formula. The formula is:
P0 = D1 / (r - g)
Where:
P0 = current share price
D1 = dividend expected at the end of year 1
r = required rate of return
g = growth rate
We can calculate D1 using the following formula:
D1 = D0 * (1 + g)
Where:
D0 = most recent dividend paid
g = growth rate
D1 = $3.25 * (1 + 0.22) = $3.97
The required rate of return is 12 percent.
Therefore, we can calculate the current share price as follows:
P0 = $3.97 / (0.12 - 0.06) = $66.17
Therefore, the current share price of Synovec Company is $66.17, rounded to two decimal places.
A share price is the price of a single share of a number of saleable equity shares of a company. In layman's terms, the stock price is the highest amount someone is willing to pay for the stock, or the lowest amount that it can be bought for.
Analysts utilize random walk approaches to describe the behavior of asset prices, particularly share prices on stock markets, in economics and financial theory. This technique is based on the assumption that investors behave in a neutral, unbiased manner and constantly appraise the value of assets based on expectations for the future.
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Which option identifies the marketing strategy demonstrated in the following scenario?
Department stores often have their own credit cards and mailings sent to card holders that offer incentives such as
percent discounts and early hour shopping days.
O product packaging
customer loyalty
O advertising
word-of-mouth
Answers
Answer: customer loyalty
Explanation:
You are an oat farmer who decides to sell a
call with a strike price of $4.90 for a premium of
$0.25.
If the futures price ends up at $4.85 (and your cash price is
$4.50), find your net price.
Answers
To calculate the net price as an oat farmer who sold a call option, we need to consider the premium received and the difference between the strike price and the futures price.
In this scenario, the strike price of the call option is $4.90, and the premium received is $0.25. The futures price ended up at $4.85, which is lower than the strike price. However, the cash price at $4.50 is even lower than the futures price.Since the futures price is below the strike price, the call option is out of the money and will not be exercised by the buyer. Therefore, as the seller, you get to keep the premium received.The net price, in this case, would be the cash price ($4.50) plus the premium received ($0.25):Therefore, the net price as an oat farmer in this situation would be $4.75.
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Which two sentences describe the correct way of calculating GDP of a country? , thx-
Ava is an assistant to a bureaucrat. She is preparing a report on the GDP of the country. She finds that the GDP is low this year and concludes that the country’s output of goods and services is very high. She uses the income-based approach to calculate the GDP. According to the approach, she considers the expenses incurred annually as the GDP. She classifies the earnings of partnership firms as mixed income. She categorizes employee wages as operating surplus.
Answers
The two sentences that correctly shows the way of calculating GDP are:
She uses the income-based approach to calculate the GDP.According to the approach, she considers the expenses incurred annually as the GDP.What is GDP?This is a term that is used to refer to the gross domestic product of a country. The GDP is used to show how the economy is doing.
There are two ways of calculating the GDP of a country.
The income approachThe expenditure approach.Read more on GDP here:
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Answer:
1. She uses the income-based approach to calculate the GDP.
2. According to the approach, she considers the expenses incurred annually as the GDP.
Explanation:
These are the ones said to calculate GDP correctly.
I hope it helps!
Muffin<3
In its first month of operations, Sunland Company made three purchases of merchandise in the following sequence: 200 units at $7; 250 units at $6; and 300 units at $5. There are 480 units on hand at the end of the period. Sunland uses a periodic inventory system.
Calculate the cost of the ending inventory and cost of goods sold under weighted average.
this is ACCOUNTANCY subject
Answers
Under the weighted average method, the cost of the ending inventory and the cost of goods sold are calculated based on the average cost of the merchandise available for sale.
To calculate the weighted average cost, we need to determine the total cost of the merchandise available for sale and the total number of units.
The total cost of the merchandise available for sale can be calculated as follows: (200 units * $7) + (250 units * $6) + (300 units * $5) = $1,400 + $1,500 + $1,500 = $4,400
The total number of units available for sale is calculated as:
200 units + 250 units + 300 units = 750 units
The weighted average cost per unit is then calculated by dividing the total cost of merchandise available for sale by the total number of units:
$4,400 / 750 units = $5.87 (rounded to two decimal places)
Now, to calculate the cost of the ending inventory, we multiply the weighted average cost per unit by the number of units on hand:
$5.87 * 480 units = $2,819.20 (rounded to two decimal places)
The cost of goods sold is calculated by subtracting the cost of the ending inventory from the total cost of merchandise available for sale:
$4,400 - $2,819.20 = $1,580.80 (rounded to two decimal places)
Therefore, the cost of the ending inventory under the weighted average method is $2,819.20, and the cost of goods sold is $1,580.80.
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whose responsibility is it to maintain the safety bubble when on the trailer yard?
Answers
The responsibility of maintaining safety on a trailer yard is shared among all parties involved. This includes the truck drivers, trailer yard personnel, and anyone else who may be present on the yard.
Truck drivers should ensure that they are properly trained and equipped to handle their vehicles, including performing pre-trip inspections to ensure their equipment is in good working order. Additionally, drivers should be aware of their surroundings and take extra caution when maneuvering their vehicles on the yard. Trailer yard personnel are responsible for maintaining a safe and organized yard. This includes ensuring that trailers are properly stored and secured, and that there are no hazards present on the yard. It is also important for yard personnel to be aware of their surroundings and to communicate any safety concerns to truck drivers. Ultimately, the responsibility for maintaining a safe trailer yard falls on everyone involved. By working together and being mindful of safety, we can help to ensure that everyone stays safe while on the yard.
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What does indigenous technology mean?
Answers
Answer: I hope this is helpful mark brainlist if right then no if wrong
Explanation:
Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.Technologies employed by the native inhabitants of a country and which constitute an important part of its cultural heritage and should therefore be protected against exploitation by industrialized countries; the problem of indigenous knowledge has been discussed during the Rio Conference but it does not receive much ...Types of indigenous technology in India are; (i) Generic Drugs. (ii) Thorium based Nuclear Reactors. (iii) Plastic RoadsIndigenous Technology is created within a sensory environment that builds on our sense of relationship, meaning, balance, feeling, memory and place as well as sight, sound, smell, taste and touchIndigenization is the process by which Indigenous ways of knowing, being, doing and relating are incorporated into educational, organizational, cultural and social structures of the institution.One example of Indigenous Technologies in action today can be witnessed in differential approaches to medicine. Medical technologies in the Western Scientific sense of the term might conjure images of biomedical research labs, electromagnetic monitors or imaging systems such as CT or MRI scans.Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.
A&E) Subscription received in cash Rs 60,000; subscription received in advance for next year Rs 3,000 and received in advance during previous year is Rs 2,000.Subscription in arrears at the end of current year Rs 5,400 . Amount credited to Income and Expenditure Account will be :(a)Rs 53,600(b)Rs. 55,600(c)Rs. 66,400(d)Rs. 64,400
Answers
Answer:
Amount credited to Income and Expenditure Account = Rs64,400
Explanation:
Given:
Subscription received in cash = Rs60,000
Subscription received in advance = Rs3,000
Subscription in arrears at the end of current year = Rs5,400
Subscription received in for previous year = Rs2,000
Find;
Amount credited to Income and Expenditure Account
Computation:
Amount credited to Income and Expenditure Account = Subscription received in cash + Subscription in arrears at the end of current year + Subscription received in for previous year - Subscription received in advance
Amount credited to Income and Expenditure Account = 60,000 + 5,400 + 2,000 - 3,000
Amount credited to Income and Expenditure Account = 67,400 - 3,000
Amount credited to Income and Expenditure Account = Rs64,400
Find the center of mass of the tetrahedron bounded by the planes x=0,y=0,z=0,x+3y+2z= 6;rho(x,y,z)=z. 7b. Sketch the region of integration for the integral
Answers
The center of mass of the given tetrahedron is located at the point (1, 1, 1) in Cartesian coordinates.
To find the center of mass of a solid, we need to calculate the average position of all the infinitesimal mass elements that make up the solid. In this case, we can use the concept of triple integration to find the coordinates of the center of mass.
The region of integration for the integral can be visualized by sketching the tetrahedron bounded by the given planes. The planes x=0, y=0, and z=0 represent the coordinate axes, while the plane x+3y+2z=6 intersects the coordinate axes at points (6, 0, 0), (0, 2, 0), and (0, 0, 3), respectively. These points define the vertices of the tetrahedron.
To find the center of mass, we need to calculate the average values of x, y, and z by integrating the function ρ(x, y, z) = z over the tetrahedron and dividing by the total mass. By performing the necessary calculations, we find that the center of mass is located at the point (1, 1, 1) in Cartesian coordinates.
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most of the money used in political campaigns comes from
Answers
Answer:
Federal contribution limits.
Bundling.
Advocacy groups/interest groups.
"Hard" and "soft" money.
Political action committees.
501(c) organizations.
527 organizations.
Political parties.
Explanation:
they can come from any of them
What is true about customer/human needs? Select one: Oa were not invented by marketers, but they are part of the human makeup Ob Included are the basic physical needs for food, clothing, warmth, and safety, as well an social needs for belonging, affection, fun, and relaxation Ocall are true Od There are esteem needs for prestige, recognition, and fame, and individual needs for knowledge and self-expression Oe is a state of felt deprivation
Answers
The option which is true about customer/human needs is that they include the basic physical needs for food, clothing, warmth, and safety, as well as social needs for belonging, affection, fun, and relaxation. The correct option is b.
What are customer/human needs?Human needs are the things that people require to survive and thrive. They involve everything from the basic physical necessities for survival like food, clothing, and warmth, to social needs for belonging, affection, fun, and relaxation.
Marketers didn't come up with the concept of human needs. Instead, customer needs are an inherent part of the human nature. For example, Maslow's hierarchy of needs outlines a hierarchy of needs that people must fulfill to survive and thrive.
The different types of human needs are as follows:
Basic physical needs for food, clothing, warmth, and safetySocial needs for belonging, affection, fun, and relaxationEsteem needs for prestige, recognition, and fameIndividual needs for knowledge and self-expressionTherefore, the correct option is b.
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Sparks Corporation uses a predetermined overhead application rate of $.30 per direct labor hour. During the year it incurred $345,000 dollars of actual overhead, but it planned to incur $360,000 of overhead. The company applied $363,000 of overhead during the year. How many direct labor hours did the company plan to incur
Answers
The number of direct labor hours the company planned to incur is 400,000 hours.
Predetermined overhead application rate = $0.30 per direct labor hour
Actual overhead incurred = $345,000 dollars
Overhead planned to be incurred = $360,000
Overhead applied during the year = $363,000
Let the number of direct labor hours Sparks Corporation planned to incur be 'x'.
Therefore, overhead planned per direct labor hour = $360,000/x
Overhead applied per direct labor hour = $0.30
Therefore, using the formula for overhead application, we can write:
Overhead applied = Overhead rate × Direct labor hours
or$363,000 = $0.30 × DLDL
= $363,000/$0.30
= 1,210,000/3
Thus, DL = 403,333.3333 hours
x = $360,000/$0.30
= 1,200,000/3
= 4,00000
Hence, the number of direct labor hours the company planned to incur 400,000 hours.
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Again, how do you pay taxes?