Brief exercise 23-3 your answer is partially correct. try again. labor data for making one gallon of finished product in bing company are as follows. (1) price—hourly wage rate $16.98, payroll taxes $0.50, and fringe benefits $1.62. (2) quantity—actual production time 1.42 hours, rest periods and cleanup 0.30 hours, and setup and downtime 0.16 hours. compute the following. (round answers to 2 decimal places, e. g. 1.25.) (a) standard direct labor rate per hour. $ (b) standard direct labor hours per gallon. hours (c) standard labor cost per gallon. $

Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest.extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of

During the current year, luis university received a $50,000 gift from an alumna who specified that it must be used to pay travel costs for faculty to attend health care conferences in foreign countries. during the year the university spent $8,000 to support travel to a health care conference in italy. the $8,000 disbursement will cause a net decrease in which class of net assets?

How much more output does the $18 trillion u.s. economy produce when gdp increases by 3.0 percen?