Answer:
$1.25
Explanation:
With regards to the above and given that;
Direct material = $510 310
Direct labor = $410 $670
Manufacturing overhead?
Work in process = Direct material + Direct labor + manufacturing overhead
$3,250 = $820 + $1,080 + MOH
$3,250 - $1,900 = MOH
MOH = $1,350
Overhead rate = MOH/Direct labor hour
= $1,350/1080
= $1.25
Online banking --> much faster
Answer:
28.3%
Explanation:
The formula to calculate the final amount for compound interest is:

where
A is the final amount
P is the principal
r is the rate of return
n is the number of times the interest is compound in a time t
t is the time
Here we have:
P = $12,000 is the principal
A = $87,881 is the final amount
t = 8 y is the time (8 years)
n = 1 , since interest is compounded every year
Therefore, solving for r, we find the rate of return:
![\frac{A}{P}=(1+r)^t\\r=\sqrt[t]{\frac{A}{P}}-1=\sqrt[8]{\frac{87,881}{12,000}}-1=0.283=28.3\%](https://tex.z-dn.net/?f=%5Cfrac%7BA%7D%7BP%7D%3D%281%2Br%29%5Et%5C%5Cr%3D%5Csqrt%5Bt%5D%7B%5Cfrac%7BA%7D%7BP%7D%7D-1%3D%5Csqrt%5B8%5D%7B%5Cfrac%7B87%2C881%7D%7B12%2C000%7D%7D-1%3D0.283%3D28.3%5C%25)
Answer:
The average cost will be "$201". The further explanation is given below.
Explanation:
<u>At May 31, FIFO LIFO Average cost</u>
<u>The ending inventory </u> $220 $180 $201
Going to end Inventory Computation together under Quarterly inventory management system will be:
At $11 = $220
At $9 = $180
$10.06 = $201.2 i.e $201.