Answer:
Option (C) is correct.
Explanation:
Variable overhead per unit:
= Variable overhead ÷ Total units produced
= $70,000 ÷ 10,000
= $7 per unit
Fixed overhead per unit:
= Fixed overhead ÷ Total units produced
= 120,000 ÷ 10,000
= $12 per unit
Total product cost:
= Direct materials + Direct labor + Variable overhead + Fixed overhead
= 10 + 6 + 7 + 12
= $35 per unit
Answer:
$366,287.15
Explanation:
Annual salary = $32000
No. of years (n) = 30 years
Increment in salary = $600
Deposit rate = 10%
Interest rate (r) = 7% or 0.07
Growth rate (g) = Increment in salary \div annual salary
Growth rate = $600 \ $32000
Growth rate = 0.01875
First deposit = $32000 x 10% = $3200
Future worth = [First deposit \ (r - g)] x [(1 + r)n - (1 + g)n]
Future worth = [$3200 \ (0.07 - 0.01875)] x [(1 + 0.07)30 - (1 + 0.01875)30]
Future worth = [$3200 \ 0.05125] x [(1.07)30 - (1.01875)30]
Future worth = $62439.0243902 x [7.6122550423 - 1.7459373366]
Future worth = $62439.0243902 x 5.8663177057
Future worth = $366287.15
Hence, the future worth at retirement is $366,287.15
Answer:
Dr cash $310,831
Dr discount on bonds payable $29,169
Cr bonds payable $340,000
On 30th June 2021
Dr interest expense $ 15,542
Cr cash $15,300
Cr discount on bonds payable $242
On 31st December 2021
Dr interest expense $ 15,554
Cr cash $15,300
Cr discount on bonds payable $254
Explanation:
The bond issued at a discount is the first bond whose cash proceeds of $310,831 were less than face value of $340,000.
Discount=face value -cash proceeds=$340,000-$310,831=$29,169.00
Find attached bond amortization schedule.
Answer:
51 % increase
Explanation:
Stock A price= $23.00
Stock A price after 6 months= $47.00
Increase in price of Stock A= $47 - $23
= $24
Percentage increase in stick price = <u>$24</u> x 100%
$47
= 0.510 x 100%
= 51%
The percentage increase in the price of Stock A is 51%
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