Answer:
option (C) 32,750 hours
Explanation:
Data provided in the question:
Actual manufacturing overhead cost = $250,000
Overapplied overhead = $12,000
Predetermined overhead rate = $8.00 per direct labor-hour
Now,
The total Manufacturing Overhead applied last year
= Actual manufacturing overhead cost + Overapplied overhead
= $250,000 + $12,000
= $262,000
Therefore,
Direct Labor Hours worked last year =
or
=
= 32,750 hours
Hence,
The correct answer is option (C) 32,750 hours
Answer:
The answer is: $151.49
Explanation:
To determine how much money did Irvine have at the beginning of the day we just add all his expenses to his account balance at the end of the day:
= $95.06 + $8.75 (novel) + $21.66 (shirt) + $9.13 (lunch) + $16.89 (potted plant)
= $151.49 was the amount of money Irvine had at the beginning of the day.
Answer:
Option A is correct one.
<u>Managing & Franchising s asset turnover ratio at 17.6% suggests inefficiency when compared to Hotel Ownership</u>
Explanation:
The ratio of the operating return on sales for hotel ownership is:
474/1886 = 0.25
The asset turn-over for hotel ownership is :
1886/492.5 = 0.38 = 38%
Now, for managing and franchising :
The ratios are:
Operating return to sales = 113/ 120 = 0.94
Asset Turnover = 120/680 = 0.1765 = 17.65%.
Answer:
Rational is based on the logical preference. Being irrational does not means that the choice is made based on monetary preference. It is more logical than monetary.
Explanation:
The two friends took same courses in college but after the completion of college degree one decides to go for MBA and other pursues PhD in English. The expected earnings of MBA are higher than PhD but one of friend who chooses the PhD has not considered the logical decision making based on money. He might have chose the PhD because he is more interested in becoming a professor rather than a business professional.
Answer:
13.70%
Explanation:
We use the PMT formula which is to be shown in the attachment
Given that,
Present value = $1,326.50
Future value = $1,000
Rate of interest = 9.8% ÷ 2 = 4.9%
NPER = 18 years × 2 = 36 years
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the PMT is
= $68.48 × 2
= $136.92
Now the coupon rate is
= $136.92 ÷ $1,000
= 13.70%