Answer:
(1) 22%
(2) 56%
Explanation:
Given that,
Direct labor = $536,000;
Direct materials = $211,000;
Factory overhead = $119,000
(1) Predetermined overhead rate as a percent of direct labor is simply calculated by dividing the factory overhead by its direct labor cost.
Predetermined overhead rate as a percent of direct labor:
= (Factory overhead ÷ Direct labor) × 100
= ($119,000 ÷ $536,000) × 100
= 0.22 × 100
= 22%
(2) Predetermined overhead rate as a percent of direct materials is simply calculated by dividing the factory overhead by its direct material cost.
Predetermined overhead rate as a percent of direct material:
= (Factory overhead ÷ Direct material) × 100
= ($119,000 ÷ $211,000) × 100
= 0.56 × 100
= 56%
Based on the stock's price in 2020, the employee will most likely not bother to exercise the options.
<h3>When are options exercised?</h3>
Options are exercised by employees or other parties when the market price of the underlying stock is more than the price that the option can be redeemed at because this would lead to profit.
The underlying stock here is trading at $40 which is less than the price of redeeming the option so the employee will not exercise the options.
Find out more on exercising options at brainly.com/question/25750529
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Answer:
Following is attached the solution for each part of the question given.
I hope it will help you a lot!
Explanation:
Answer:
b one or two products are under costed.
Explanation:
If a company produces three products, & one product is over costed. Then, The company must have had one or two products, that are under costed.
As, if the company under costs a product. Then, it over costs the other products, for covering the lack of profit margins arising from under costing of former product.
Answer:
A disgruntled customer will tell 9 - 15 people about their experience.
Explanation:
According to a study carried out by the White House Office of Consumer Affairs, a dissatisfied consumer tells 9-15 people about their experience. However, with the advent of social media and the internet, this number can sky-rocket into thousands and possibly millions depending on how viral the complaint becomes.
This is the more reason why organizations should endeavor to provide good customer service so that their brand will not be dragged into the mud by disgruntled customers.