Answer: $1,591.80
Explanation:
This is an annuity as the deposits are constant.
The Future value of an annuity is;
= Annuity * Future value interest factor of annuity, 6% , 3 years
= 500 * 3.1836
= $1,591.80
Answer:
Management's assessment of the design and operation of the company's internal controls over financial reporting should be:
integrated.
Explanation:
A company's assessment of internal controls over financial reporting should be integrated to focus on the effectiveness of internal controls and the reliability of the financial statements. The effectiveness of internal controls reduces the risk of fraudulent activities by all internal parties. Similarly, the reliability of the financial statements will ensure public confidence and engender unbiased, error-free, and faithful representation of financial performance and position to aid decision making by market participants.
Answer:
$371,650
Explanation:
Use the costs formula provided to find the flexed manufacturing overhead cost for March.
A flexed budget amount is a budgeted amount adjusted to actual level of activities as follows.
Actual Activity is given as 6,150 machine-hours
Manufacturing overhead cost = $45,700 + $53 x 6,150 machine-hours
= $371,650
Therefore,
The manufacturing overhead in the flexible budget for March would be closest $371,650
Answer:
c. $2.50
Explanation:
Calculation to determine The unit relevant cost per unit for Seymour's decision is
Unit relevant cost per unit=Variable cost/Number of banton units manufacture
Let plug in the formula
Unit relevant cost per unit=$750,000/350,000 units
Unit relevant cost per unit=$2.50
Therefore The unit relevant cost per unit for Seymour's decision is $2.50
Both must be familiar with the new and old products as well as updates and quick fixes. However those in corporate are in charge of developing new products and keeping the older ones updated.
