Answer:
$ 44000
Explanation:
Given:
Actual overhead manufacturing cost, Ac = $ 352000
Actual direct labor hours, Ah = 56000
Estimated manufacturing overhead cost, Ec = $ 330000
Estimated direct labor hour, Eh = 60000
Now,
Predetermined Overhead Rate = Ec/Eh
on substituting the values in the above formula we get
= $ 330000/60000 = 5.5
also,
Underapplied Overhead = Ac + (Ah × Predetermined Overhead Rate)
on substituting the values in the above formula we get
Underapplied Overhead = 352000 - (56000 × 5.5)
or
Underapplied Overhead = $ 44000
Answer:
Explanation:
N = 4 (5-year bond - 1 year (ago))*2 = 8
I% = YMT= 8/2 = 4
PMT = (1,000)(.07) = 70/2 = 35
FV=1,000
Calculating PV, PV=966.34
Answer:
$373.10
Explanation:
The principle amount is $350... PV
Interest rates 6.5 % ...r
Duration one year...n
The formula for calculating compound interest
FV = PV x ( 1 + r ) n
Since 6.5 % is compounded twice year: r becomes 6.5/ 2 and n will n x2
FV = 350(1+0.065 )2
=$350 x 1.06605625
=$350 x 1.066
=$373.10
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Answer:
A) is used to determine minimum legal capital balances at issuance
Explanation:
The par value of stock represents the minimum amount that must be paid per share. Par value is also referred as the Face Value or Nominal Value of common stock. The Par Value of common stock is derived by Par value per share * No. of Issued Shares.
