Answer:
C) $6.40 per direct labor hour.
Explanation:
The overhead application rate is used to estimate the manufacturing overhead for a specific project or reporting period.
overhead application rate = direct labor cost per hour / (total direct labor costs / total overhead costs)
overhead application rate = $16 / ($475 / $190) = $16 / $2.50) = $6.40
Answer:
<u>d. Occupational Safety and Health Act.</u>
Explanation:
When a company provides necessary instruments for the safety of employees in carrying out their tasks, this means a provision of the Occupational Health and Safety Act.
This is a US labor law that was enacted in 1970 and governs federal occupational health and safety law in the private sector and the federal government in the United States.
The main objective of this law is to ensure that the employer offers adequate protection to employees exposed to unhealthy working conditions, stress, excessive noise levels, exposure to toxic products, mechanical hazards, etc.
Answer:
Production Cost Report;Cost Reconciliation schedule,Equivalent units of Production;Unit Production Costs;Physical Units
Explanation:
Production Cost Report:A summary of both production quantity and cost data for a production department.
Cost Reconciliation schedule:Shows that the total costs accounted for equal the total costs to be accounted for.
Equivalent units of Production:Work done during a period expressed in fully completed units.
Unit Production Costs: Costs expressed in terms of equivalent units of production.
Physical Units:Actual units to be accounted for during a period, irrespective of any work performed.
Total Units Accounted for:Units transferred out during the period plus units in ending work in process.
Total manufacturing cost per unit:Unit materials costs plus unit conversion costs.
Units Transferred out:Total units accounted for minus units in ending work in process.
The market price of a security is $50. Its expected rate of return is 14%, and the market price of the security is mathematically given as
MR=27.368
<h3>What will be the market price of the security if its correlation coefficient with the market portfolio doubles?</h3>
Generally, the equation for expected rate return is mathematically given as
RR=(Rf+beta*(Rm-Rf)
Therefore
RR=(Rf+beta*(Rm-Rf)
Beta= (13-7)/8
Beta=0.75
In conclusion, the market price of a security
MR=DPs/RR
Where
Po=DPS/RR'
DPS=40*0.13
DPS=$5.23
and
RR=&+1.5*8
RR=19%
Hence
MR=$5.23/0.19
MR=27.368
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