Answer:
2.50%; 15%
Explanation:
Profit margin = (Net income ÷ sales) × 100
= ($10,000 ÷ $400,000) × 100
= 2.50%
Total long-term debt to total assets ratio = 40%
So,
= Total equity ÷ Total assets
= 60%
Equity multiplier = Total assets ÷ Total equity
= 1.66667
ROA = 9%
ROE (return on equity):
= (Profit margin × Total assets turnover) × Equity multiplier
= ROA × Equity multiplier
= 9% × 1.66667
= 15%
<span>On the off chance that purchasers don't purchase to a lesser extent a decent when their earnings rise, the positive qualities being referred to must be a typical decent. For an ordinary decent, the salary and substitution impacts both suggest that the purchaser will purchase less if the value rises.</span>
Answer:
The total factory overhead to be charged to the desk lamps is $235,000
Explanation:
solution attached below
Answer:
Actual Quantity= 60,000 hours
Explanation:
<u>First, we need to calculate the direct labor rate variance and the standards direct labor hours:</u>
Total Labor Cost Variance= efficiency variance + rate variance
-12,000 = 6,000 + rate variance
-18,000= rate variance
Variable manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity
-18,000= (11.7 - 12)*actual quantity
-18,000 = -0.3*actual quantity
60,000= actual quantity
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