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Marrrta [24]
3 years ago
11

Bob Burgers allocates manufacturing overhead to jobs based on direct labor hours. The company has the following estimated costs

for the upcoming​ year:Direct materials used $ 50 comma 100 Direct labor costs $ 70 comma 700 Wages of factory janitors $ 39 comma 900 Sales supervisor salary $ 51 comma 500 Utilities for factory $ 17 comma 000 Rent on factory building $ 13 comma 900 Advertising expense $ 5 comma 480 The company estimates that 2 comma 200 direct labor hours will be worked in the upcoming​ year, while 1 comma 700 machine hours will be used during the year. The predetermined manufacturing overhead rate per direct labor hour will be​ (Round your answer to the nearest​ cent.)A.$ 58.08.
Business
1 answer:
Mademuasel [1]3 years ago
5 0

Answer:

The predetermined manufacturing overhead rate per direct labor hour will be $32

Explanation:

The formula to compute the predetermined manufacturing overhead rate  is shown below:

= (Estimated manufacturing overhead) ÷ (Estimated direct labor hours)

where,

Estimated manufacturing overhead =  Wages of factory janitors + Utilities for factory + Rent on factory building

= $39,900 + $17,000 + $13,900

= $70,800

And, the estimated direct labor hours is 2,200 machine hours

Now put these values to the above formula  

So, the value would equal to

= $70,800 ÷ 2,200 machine hours

= $32.18

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For fixed-rate bonds it's important to realize that the value of the bond has a(n)-Select relationship to the level of interest
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Answer:

Answer is explained in the explanation section below.

Explanation:

It's necessary to remember that the value of fixed-rate bonds is inversely proportional to the level of interest rates. The value of the bond decreases as interest rates rise; moreover, the value of the bond rises as interest rates fall. A Bond with a lower coupon sells for less than its face value. When the going rate of interest is higher than the coupon rate, this condition arises. The value of the asset would increase over time. A higher coupon bond is one that sells for a higher price than its face value. When the going rate of interest is lower than the coupon rate, this condition arises. Its value will gradually decrease until it reaches its maturity value. A par value bond that sells at par, with a coupon rate equal to the current interest rate. The coupon is usually set at the going market rate on the day the bond is sold, so it sells at par at first.

Calculations:

C = Coupon Payments = $60 (Par Value x Coupon Rate)

n = number of years = 10

i = market rate or required yield = 7% = 0.007

K = number of coupon payments in 1 year = 1

P = value at maturity or par value = 1000

Present value of ordinary annuity formula:

Bond Price = C/k * [\frac{1 - \frac{1}{(1 + \frac{i}{k})^{nk}  } }{\frac{i}{k} } ] + \frac{P}{(1 + \frac{i}{k})^{nk}  }

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C = Coupon Payments = $60 (Par Value x Coupon Rate)

n = number of years = 10

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K = number of coupon payments in 1 year = 2

P = value at maturity or par value = 1000

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Bond Price = C/k * [\frac{1 - \frac{1}{(1 + \frac{i}{k})^{nk}  } }{\frac{i}{k} } ] + \frac{P}{(1 + \frac{i}{k})^{nk}  }

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