Answer:
$34.73 per direct labor hour
Explanation:
Predetermined overhead rate
= Estimated manufacturing overhead / Estimated labor hour
= [$1,245,216 + ( 43,600 × $6.17 ) ] / 43,600
= [$1,245,216 + $269,012] / 43,600
= $1,514,228 / 43,600
= $34.73 per direct labor hour
Therefore, the predetermined overhead rate for the recently completed year was closest to $34.73 per direct labor hour.
The simple money multiplier if the banks in Ruritania have a required reserve ratio of eight percent will be 12.5.
<h3>What is the significance of money multiplier?</h3>
Money multiplier can be referred to or considered as the total derived after division, finding the reciprocal of the required reserve ratio of an any commercial bank or any financial institution as such. In the above case, the money multiplier will be computed as 1 / 8 × 100 = 12.5.
Therefore, the significance regarding the simple money multiplier has been aforementioned.
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Answer: $18,100 unfavorable
Explanation: It should be noted that the total variable overhead variance for the month of June is $18,100. Nonetheless, to our surprise it appears unfavourable despite the fact that Speaker City uses a standard variable overhead rate of hours per unit at a cost of per hour.
Answer:
19%
Overvalued
Explanation:
Computation for the return the firm should earn
Using this formula
The firm's required return=Risk-free rate+Beta×( Expected return-Risk-free rate)
Let plug in the formula
The firm's required return = 4% + 1.5 x (14% - 4%)
The firm's required return =4%+1.5×10%
The firm's required return =0.19*100
The firm's required return =19%
Based on the above calculation the firm's required return is 19% in which the manager believes a 16% return will be achieved which means that manager is saying the firm is OVERVALUED relative to their own estimate.