Answer:
$60 per unit
Explanation:
Total overheads:
= Overheads of fabrication department + Overheads of assembly department
= $90,500 + $109,700
= $200,200
Total labor hours:
= Blinks + Dinks
= (1,013 × 4) + (1,859 × 5)
= 4,052 + 9,295
= 13,347
Overhead rate per hour = Total overheads ÷ Total labor hours
= $200,200 ÷ 13,347
= $15 per hour
Total overhead cost for blinks:
= Total hours for blinks × rate per hour
= 4,052 × $15 per hour
= $60,780
Overhead cost per unit for Blinks:
= Total overhead cost for blinks ÷ Total units
= $60,780 ÷ 1,013
= $60 per unit
Answer:
The beta is 1
Explanation:
The computation of beta using the CAPM model is shown below:
As we know that
Expected rate of return = Risk free rate of return + Beta × Market risk premium
9.5% = 5% + Beta × 9.0%
9.5% - 5% = Beta × 9.0%
9.0% = Beta × 9.0%
So, the beta is 1
We simply applied the above formula so that the correct value could come
And, the same is to be considered
When we use the IRS rule which states the standard deduction amount should be greater than $900 or the income earned by the taxpayer for the year in addition with $300 (should not be exceeding the regular standard deduction). Income earned by Toby is $2,897, then add
$300 into it.
The correct standard deduction amount would then be $3,197 ($2,897 +300)=$3197.
Standard deduction is the deduction given by the income tax authorities to the tax payer.
Internal revenue bulletin is the instrument used by the IRS for announcing all the rules.
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Answer: $489,000
Explanation:
Amount of sales required = (Fixed cost + Desired operating income ) / Contribution margin ratio
Contribution margin ratio for Cover-to-Cover Company:
= Contribution margin / sales
= 77,800/ 389,000
= 20%
Desired operating income = Current income + income increase
= 58,350 + 20,000
= $78,350
Amount of sales required:
= (19,450 + 78,350) / 20%
= $489,000
A useful way of standardizing financial statements is to choose a base year and then express each item relative to that amount.
Below, this is further discussed.
<h3>Financial statements: What are they?</h3>
Financial statements, in general, are official records of the financial activity and condition of a company, an individual, or another organization. Structured and simple-to-comprehend presentations of pertinent financial data are made.
In summary, Selecting a base year and then expressing each item according to that sum is a helpful method for standardizing financial reporting.
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