Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July for the two rackets is as follows: Junior Pro Striker
Production budget 7,400 units 18,600 units

Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows:

Forming Department Assembly Department
Junior 0.2 hour per unit 0.4 hour per unit
Pro Striker 0.35 hour per unit 0.7 hour per unit

The direct labor rate for each department is as follows:

Forming Department $14 per hour
Assembly Department $12 per hour

Required:
Prepare the direct labor cost budget for July.

Answer and Explanation:

The preparation of the direct labor cost budget for July month is as follows:

Particulars               Forming Dept             Assembly Dept

Production                    7,400 units               18,600 units

Hours required junior    1,480                            2,960

                                       (7,400 units × 0.2)   (7,400 units × 0.4)

Hours required pro       6,510                         13,020

                                       (18,600 units × 0.35)   (18,600 units × 0.7)

Total hours                      7,990                         15,980

Total hours rate                $14                           $12

Total direct labor cost     $111,860                     $191,760

both are integral parts of a corporate balance sheet. the cash flow statement, or statement of cash flows, measures the sources of a company's cash and its uses of cash over a specific time period. the income statement measures a company's financial performance, such as revenues, expenses, profits or losses over a specific time period (in fact, it's sometimes called a statement of financial performance).

a cash flow statement shows exactly how much money a company has received and how much it has spent, traditionally over a period of one month. it captures the current operating results and changes on the balance sheet, such as increases or decreases in accounts receivable or accounts payable, and does not include noncash accounting items such as depreciation and amortization. the cash flow generally comes from revenue received as a result of business activity, but it may be augmented by funds available as a result of credit. a cash flow statement is used to determine the short-term viability and liquidity of a company, specifically how well it is positioned to pay its bills and vendors.

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants