Answer:
The correct answer is D
Explanation:
Computation of allocation of factory overhead cost for the Job NO 117:
Now, computing the rate of overhead allocation as:
Pre- determined rate of overhead allocation = Estimated aggregate overhead / estimated number of labor hours
where
Estimated aggregate overhead is $95,000
Estimated number of labor hours is 9,500 hours
Putting the values above:
= $95,000 / 9,500 hours
= $10 per hour.
Computing the overhead cost to be allocated to Job No 117 as:
Overhead cost to be allocated to Job No 117 = Number of direct labor hours × pre- determined rate of overhead
where
Number of direct labor hours is 2,300 hours
Pre- determined rate of overhead allocation is 10 per hour
Putting the values above:
= 2,300 hours × $10 per hour
= $23,000
Answer: Income elasticity of demand for steak in cape charles is 1.16
Explanation:
Income elasticity of demand measures the responsiveness of quantity demanded to a change in consumers income. When the proportionate change in quantity demanded is less than the proportionate change in income, demand is said to be income inelastic.
Income elasticity of demand for steak in cape charles is 1.16
Answer:
The following people work in office environment within schools
School Secretary
Librarian
Teacher
Explanation:
School secretary keeps the records of the students and he is responsible for principal work orders. Secretary always have an office within the school premises. Similarly teachers are also part of school and they are always there during working hours. Librarian is the in-charge of school library so he can also be considered as a part of the school official staff.
Answer:
7.1
Explanation:
Interest rate = Coupon payment / Face value
8% semi annually will be 16% = 160 / 1000
At 90% of par, loan interest = 160 / 900
= 18% or 9% semi annually
Therefore the after tax cost of debt which is given by kd(1-t) = 9% (1 – 0.21)
Cost of debt = 7.1% or 7.1
Answer:
Monthly deposit= $45,172.20
Explanation:
Giving the following information:
Travis International has a one-time expense of $1.13 million that must be paid two years from today. The firm can earn 4.3 percent, compounded monthly, on its savings.
To calculate the monthly deposit, we need to use the following variation of the future value formula:
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
i= 0.043/12= 0.003583
n= 2*12= 24
A= (1,130,000*0.003583)/ [(1.003583^24)-1]
A= 45,172.20