Mortgage lenders can make money in a variety of ways, which includes origination fees, discount points, yield spread premiums, closing costs, loan servicing and mortgage-backed securities.
Yield spreads are the spreads which include the spread of the rate which any lender pays for money borrowed by them from larger banks and the rate which they charge from borrowers.
Closing costs are the fees which the lenders may take from th8e borrower include application, underwriting, processing, loan lock, and other fees.
Lenders always use their funds when they extend mortgages, they charge an origination fee of 0.5% to 1% of the loan value for extending this , which becomes due with mortgage payments.
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Answer:
calculates contribution margin while the absorption costing income statement calculates gross margin
focuses on fixed and variable expenses, while an absorption costing income statement focuses on period and product costs
Explanation:
variable costing income statement can be regarded as statement whereby all variable expenses are been removed from revenue so that separately-stated contribution margin can be gotten. And all fixed expenses are also removed so that net profit/ loss for that particular period can be known. While absorption costing income statement utilize absorption costing in creating
income statement.
Interesting question!, Let me help you here
In the Toyota product system... waste and inefficiency are known as ''Muda'', translated as ''Waste'' in English.
The ongoing effort to reduce this is known as ''kaizen'' or 'reduction' in English
I hope this helps you
Answer:
cost of goods manufactured= $356,200
Explanation:
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
<u></u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
Overhead:
Depreciation on plant 63,400
Property taxes on plant 23,100
Factory supplies used 31,700
Total overhead= $118,200
cost of goods manufactured= 13,800 + 125,700 + 116,100 + 118,200 - 17,600
cost of goods manufactured= $356,200