A. It is decreased by 50,000 (I'm 50% sure)
6% of 50,000 is 3,000
Janice have adjustable rate mortgage.
An adjustable-rate mortgage or ARM is a home loan with a variable interest rate. With the ARM, the initial interest rate is fixed for a period of time.
After that, the interest rate is applied on the outstanding balance resets periodically at yearly or even monthly intervals.
ARMs are also known as variable-rate mortgages and floating mortgages. The interest rate for ARMs is reset based on a benchmark or index, plus an additional spread is also there which is called an ARM margin.
To know more about ARM here:
brainly.com/question/12345275
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Answer: $32.23 per labor-hour
Explanation:
To solve the question, we need to first calculate the estimated total manufacturing overhead which will be:
= $906,732 + ($6.76 per labor-hour × 35,600 labor-hours)
= $906732 + $240656
= $1,147,388
Predetermined overhead rate will then be:
= $1,147,388 / 35,600 labor-hours
= $32.23 per labor hour
