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Levart [38]
3 years ago
6

True or false FICO is a credit score.

Business
2 answers:
Elza [17]3 years ago
6 0
True. But its a different type of Credit Score
lara31 [8.8K]3 years ago
5 0
True according to my research.
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White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermin
const2013 [10]

Question not complete

Direct Labour Cost is missing

Direct Labor Cost ----- $50,000.00 $270,000.00

Answer:

a.

Overhead Rate (Cutting Department) = $5.5 per machine hour = $5.5 per machine hour

Overhead Rate (Finishing Department) = $12.2 per labour hour

b. Total Manufacturing Cost = $644

c. Yes

Explanation:

a. Compute the predetermined overhead rate to be used in each department.

Given

Cutting Department

The Cutting Department bases its rate on machine-hours

Manufacturing Overhead Costs = $264,000

Machine Hours = 48,000

Finishing Department

The Finishing Department bases its rate on direct labor-hours.

Manufacturing Overhead Costs = $366,000

Direct Labour Cost = $270,000

Overhead Rate (Cutting Department) = Manufacturing Overhead Cost/Machine Hours

Overhead Rate (Cutting Department) = $264,000/48,000

Overhead Rate (Cutting Department) = $5.5 per machine hour

Overhead Rate (Finishing Department) = Manufacturing Overhead Cost/Machine Hours

Overhead Rate (Finishing Department) = $366,000/$270,000

Overhead Rate (Finishing Department) = 1.36

Overhead Rate (Finishing Department) = 136% direct labour cost

b.

The Cutting Department bases its rate on machine-hours

Given

Machine hours = 80 machine hours

Overhead Rate = $5.5 per machine hours ------ Calculated

The Finishing Department bases its rate on direct labor-hours.

Given

Direct Labour Cost = 150

Overhead Rate = 136% labour cost ------ Calculated

Overhead Applied (Cutting Department) = 80 * 5.5

Overhead Applied = 440

Overhead Applied (Finishing Department) = 136% * 150

Overhead Applied = $204

Total Overhead Applied = $440 + $204

Total = $644

c. Yes

If they use a plantwide rate based on direct labor cost and if the jobs has longer machine hours and small amount of labor cost they will be charged less overhead cost.

6 0
2 years ago
What happens when a country's money loses its function as a store value?
irina1246 [14]
No one is able to get any profit
6 0
3 years ago
Just as depository institutions differ from non-depository Institutions, there are also differences between the structure and ac
bezimeni [28]

Answer: A. True

B. True

C. False

Explanation:

A. Both Mutual Savings Banks and Credit Unions are owned by the their depositors. Credit Unions are owned and operated by members for the purpose of creating banking services for themselves at a cheaper cost.

Mutual Savings Banks are also owned by members who felt that traditional banks did not favour them.

B. Demand Deposit accounts exist in both commercial banks and Credit Unions but with different names. In Commercial banks they are known as Checking accounts for the most part but Credit Unions call them Share Draft Accounts and members of the Union can use these accounts by writing drafts like Commercial banks allow cheques.

C. While Credit Unions were formed usually for people in the same organisations or people with a common bond, Mutual Savings Banks were generally meant to uplift the lower economic classes so they did not share a common bond as Credit Union members do.

5 0
3 years ago
Suppose a State of California bond will pay $1,000 eight years from now. If the going interest rate on these 8-year bonds is 5.5
aksik [14]

Answer:

The bond is worth $651.59 today

Explanation:

FV = $1000

N = 8

I/Y = 5.5%

Present Value = ?

PV = FV*(1+r)^(-n)

PV =  $1000 * (1 + 0.055)^-8

PV =  $1000 * (1.055)^-8

PV =  $1000 * 0.651599

PV = $651.59

5 0
2 years ago
When the expenditure approach is used to measure GDP, the major components of GDP are:a. consumption, investment, indirect busin
dangina [55]

Answer:

d. consumption, investment, government consumption and gross investment, and net exports.

Explanation:

GDP = PFCE + GFCE + GDCF + NX

By Expenditure method, GDP = expenditure by all sectors of economy - households, private firms, government, rest of world ; i.e :-

Private Final Consumption Expenditure  (Consumption) + Government Final Consumption Expenditure (Government Consumption) + Gross Domestic Capital Formation (Gross Investment) + Net Exports

3 0
3 years ago
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