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Deffense [45]
2 years ago
5

Lowden Company has a predetermined overhead rate of 160% and allocates overhead based on direct material cost. During the curren

t period, direct labor cost is $50,000 and direct materials cost is $80,000. How much overhead cost should Lowden Company should apply in the current period?
Business
1 answer:
sleet_krkn [62]2 years ago
3 0

Based on the direct materials cost and the predetermined overhead rate, Lowden company should apply an oevrhead cost of $128,000.

<h3>How much overhead should be applied?</h3>

This can be found as:

= Direct materials x Predetermined overhead rate

Solving gives:

= 80,000 x 160%

= $128,000

In conclusion, the overhead cost to be applied is $128,000.

Find out more on predetermined overhead rates at brainly.com/question/26372929.

#SPJ1

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3 years ago
Simon Software Co. is trying to estimate its optimal capital structure. Right now, Simon has a capital structure that consists o
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Answer:

14.35%

Explanation:

Simon Software Co

rs= 12%

D/E = 0.25

rRF= 6%

RPM= 5%

Tax rate = 40%.

We are going to find the firm’s current levered beta by using the CAPM formula which is :

rs = rRF+ RPM

12%= 6% + 5%

= 1.2

We are going to find the firm’s unlevered beta by using the Hamada equation:

=bU[1 + (1 −T)(D/E)]

Let plug in the formula

1.2= bU[1 + (0.6)(0.25)]

1.2=(1+0.15)

1.2= 1.15bU

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We are going to find the new levered beta not the new capital structure using the Hamada equation:

b= bU[1 + (1 −T)(D/E)]

Let plug in the formula

= 1.0435[1 + (0.6)(1)]

=1.0435(1+0.6)

=1.0435(1.6)

= 1.6696

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rs= rRF+ RPM(b)

Let plug in the formula

= 6% + 5%(1.6696)

= 14.35%

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