Answer:
See below
Explanation:
Required 1
Overhead rate
= Overhead costs ÷ Direct material cost
= [$612,000 ÷ $1,800,000] × 100
= 34%
Required 2
Total cost of job in process
$90,000
Less: Materials cost of job in process
($27,000)
Less: Overhead applied (34% × $27,000)
($9,180)
Direct labor cost
$53,820
Answer:
Please find the detailed answer below.
Explanation:
PART 1:.
a. Deposit = money supply - currency held
$6,000,000 - $2,000,000
= $4,000,000
b. Bank reserve is reserve-deposit ratio x deposit
0.25 x $4,000,000
=$1,000,000
c. Monetary base = currency held + bank reserve
$2,000,000 + $1,000,000
=$3,000,000
d. Money multiplier= money supply/monetary base
$6,000,000/$3,000,000
=2
PART 2.
a. Bank reserve
$4,000,000 + $1,000,000
=$5,000,000
b. Money supply= currency held + bank deposit
Currency held= base - reserve
$10,000,000 - $5,000,000
= $5,000,000
Therefore money supply is
$5,000,000 + $20,000,000
=$25,000,000
c. Money multiplier= money supply/monetary base
$25,000,000/$10,000,000
=2.5
Answer:
B. $275,000
Explanation:
The second machine will be depreciate over time as it can later be used for operational purposes or another research projects. The first, as can only be used for a research project It should be considered expenses for the entire amount regardless of the useful life.
Machine B useful life 10 years
depreciation expense: cost / useful life
250,000 / 10 = 25,000
machine A 250,000 + 25,000 depreciation for machine B = 275,000 total
Answer:
The correct answer is option b.
Explanation:
The terms of trade is the ratio at which two countries exchange their goods. It is the ratio of exports and imports of a country. Terms of trade reflect the health of the economy.
It measures the number of goods a country can import in exchange for the goods it is exporting.
An increase in the price of exported goods will increase the terms of trade for a country. While an increase in the price of imported goods will cause it to decline.
<u>Solution and Explanation:</u>
<u>The following is the selling and administrative expense structure of the Fazel company for the year. According to the given information and the data:</u>
The Variable selling expenses (19730000* 3%) 591900
The Fixed Expenses
The Salaries expense 960000
The Utilities expense 365000
The Office space expense 230000
The Advertising expense 1200000
The Total Fixed expense 2755000
The Total selling & admin Expense 3346900
<u>Note:</u> the variable expense is calculated by multiplying the total sales given in the question with the percentage of the commission given
