Answer:
Overhead at the end of the year was $3,570 under-applied
Explanation:
For computing the ended overhead amount, first, we have to compute the predetermined overhead rate. The formula is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)
= $521,220 ÷ 21,900 hours
= $23.8
Now we have to find the actual overhead which equals to
= Actual direct labor-hours × predetermined overhead rate
= 21,750 hours × $23.8
= $517,650
So, the ending overhead equals to
= Actual manufacturing overhead - actual overhead
= $521,220 - $517,650
= $3,570 under-applied
Answer: True
Explanation: Capital budgeting is a tool used for evaluating the profitability of long term investments by the company. In the process of capital budgeting, the incremental expected cash inflows are compared with the initial cash outflow of the project using time value of money analysis.
In time value of money analysis the expected cash inflows are discounted back to the present time by using a particular rate, and then that present value is deducted from outflow to ascertain the profit.
The coordinates of point M after the partition is (2, 3.25).
<h3>
What are coordinates and how to determine coordinates?</h3>
- A coordinate system in geometry is a system that uses one or more integers, or coordinates, to define the position of points or other geometric components on a manifold such as Euclidean space.
We have:
- Endpoints = (-1,1) and (7,7)
- Ratio, m : n = 3 : 5
The coordinates of point M is then calculated using:
So, we have:
Evaluate the sum and the product:
Evaluate the product:
The coordinates of point M is (2, 3.25)
Therefore, the coordinates of point M after the partition is (2, 3.25).
Know more about coordinates here:
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Answer:
4.16%
Explanation:
to calculate Singapore's economic growth rate we can use the future value formula (we could also use the rule of 72 but it is not very exact):
future value = present value x (1 + r) ⁿ
- future value = 900
- present value = 450
- n = 17
- r = ?
900 = 450 (1 + r)¹⁷
(1 + r)¹⁷ = 900 / 450 = 2
1 + r = ¹⁷√2 = 1.0416
r = 1.0416 - 1 = 0.0416 or 4.16%
