Answer:
Direct material= $5,600
Explanation:
<u>First, we need to calculate the direct labor added to Work in Process:</u>
Direct labor= allocated overhead / predetermined overhead rate
Direct labor= 6,400 / 0.8
Direct labor= $8,000
<u>Now, by difference, the direct materials:</u>
Direct material= Ending balance - allocated overhead - direct labor
Direct material= 20,000 - 6,400 - 8,000
Direct material= $5,600
Answer:
$18,117.58
Explanation:
the question requires that we find the minimum price Hank would need to receive his first car.
loan = $28,000
rate = 0.08/12 = 0.0067
the monthly payment can be calculated as:
loan /[0.0067/1-(1/(0.0067)^60))]
= 28000/[1-1/(1.0067^60)/0.0067]
= 28000/(1-(1/1.0067)^60)/0.0067
= $567.74
The minimum price can be calculated as:
pmt = 567.74 x [(1-(1/1.0067^36))/0.0067) x 0.0067
= $18,117.58
<span>Which sentence is best? The keys to a good singing performance are practice, preparation, and singing skill. This question is just based on which sentence sounds and is written in the most grammatically correct way.
</span>
Answer:
Tony will pay interest of $16.5 as part of the first loan payment
Explanation:
Monthly loan payment includes the interest portion of the month and and principal payment for the month.
As per given data
Amount of Loan = $3,300
Interest rate = 6% annually = 0.5% monthly
Loan Payment per month = $146.26
First calculate the monthly interest on the due balance
Interest payment = Amount due x Interest rate
Interest payment = $3,300 x 0.5% = $16.5
Now calculate the principal payment after deducting the interest portion from the monthly payment.
Principal Payment = $146.26 - $16.5 = $129.76
Answer:
The simple rate of return on the investment is closest to 7.41%.
Explanation:
This can be calculated as follows:
Equipment cost = $135,000
Annual profit = Annual sales revenue - Annual operating expenses - Annual depreciation on the equipment = $75,000 - $38,000 - $27,000 = $10,000
Therefore, we have:
Simple rate of return on the investment = Annual profit / Equipment cost = $10,000 / $135,000 = 0.0741, or 7.41%
Therefore, the simple rate of return on the investment is closest to 7.41%.