Answer:
predetermined overhead per pound of finished product <em>$4.48</em>
Explanation:
Despite the fact suggesting otherwise; we are told Candy's management will stick to a 80% of direct labor predetermined overhead rate:
if a pound of finished product has a direcrt labor of $5.60 then the factory overhead is:
cost driver x predetermined rate
$5.60 direct labor x 80%
5.6 x 0.8 = <em>4.48</em>
Answer:
$108,622.60
Explanation:
Calculation for the amount Janine's IRA will worth when she needs to start withdrawing money from it when she retires
Based on the information given we were told that She has the amount of $5,000 in an IRA, which is a vital part of her retirement nest egg in which She has well believes that her IRA will increase at an annual rate of 8%.
Secondly we were told that she is 25 age and plan to retire at the age of 65 which means that the number of years until her retirement will be 40 years(65 years-25 years)
Now let calculate how much she will be worth using this formula
Amount worth= Present value in IRA*(Annual rate increase)^ Numbers of years until retirement
Let plug in the formula
Amount worth=5,000 *(1 + 0.08)^40 =
Amount worth=5,000*(1.08)^40
Amount worth =5,000*21.72452
Amount worth= $108,622.60
Therefore Janine's IRA will be worth $108,622.60 when she needs to start withdrawing money from it when she retires.
Answer:
How much are total liabilities at the end of the year?$80,000
Explanation:
Beg Balance deb cre End.Balance
Total assets 120000 105000 225000
Liabilities 80000 80000
Equity 40000 40000
Earning 120000 120000
Dividens paid 15000 -15000
Total equity 40000 15000 120000 145000
0 120000 -120000 0
Answer:
$24.09
Explanation:
[Sales units quantity × (Selling price per unit - Variable cost per unit)] - Fixed costs - Depreciation = Earning before interest and taxes
Sales units quantity 16,000
Selling price per unit $29
Fixed costs $52,000
Depreciation $12,000
Earning before interest and taxes $14,600
Variable cost per unit ?
[16,000 × ($29 - Variable cost per unit )] - $52,000 - $12,000 = $14,600
$29 - Variable cost per unit = ($14,600 + $52,000 + $12,000)/16000
Variable cost per unit = $29 - $4.91
Variable cost per unit = $24.09
