What’s the Acronym? (A acronym is like LOL, or OMG)
Answer:
Future value (FV) = $57,908
Present value (PV) = $8,860
Number of years (n) = 18 years
Interest rate = ?
FV = PV(1 + r)n
$57,908 = $8,860(1 + r)18
$57,908 = $8,860(1 + r)18
<u>$57,908</u> = (1 + r)18
$8,860
6.535891648 = (1 + r)18
18√6.535891648 = 1 + r
1.10993 - 1 = r
r = 0.10992 = 10.99%
Explanation:
In this case, we will apply the future value of a lump sum (single investment) formula. The present value, future value and number of years are given with the exception of interest rate. Thus, interest rate is made the subject of the formula.
The economy is consider to be at full employment.
The pre-determined overhead rate per direct labor dollar for Dept. B is 1.35.
<h3>What is manufacturing overhead?</h3>
Manufacturing overhead costs are the cost associated with running a manufacturing facility.
Examples of factory overhead include
- indirect labor costs
- factory rent
- depreciation of plants and machinery
- Sales and administrative cost
<h3>What is direct labour cost?</h3>
The direct labour cost is the cost directly involved in the production of goods and services.
<h3>What is the pre-determined overhead rate per direct labor dollar for Dept. B?</h3>
The pre-determined overhead rate per direct labor dollar for Dept. B = Estimated manufacturing overhead / Estimated direct labor cost
= $162,000 / $120,000 = 1.35
To learn more about overhead costs, please check: brainly.com/question/8054214
