Answer:
Cost of Goods Sold will decrease by $2,679 after proration.
Explanation:
Under-applied or over applied overhead:
= Overhead incurred - Overhead applied
= $76,000 - $79,700
= (-$3,700)
Therefore, the Cost of Goods Sold after the proration:
= (over applied overhead × Overhead applied to COGS) ÷ Total overhead applied to cost of goods sold and finished goods
= ($3,700 × $57,700) ÷ ($57,700 + $22,000)
= $213,490,000 ÷ $79,700
= $2,679
Hence, the Cost of Goods Sold will decrease by $2,679 after proration.
Answer:
C
Explanation:
I go with see because i feel that is the Way to go .
Answer:
Conversion Costs per unit = $ $599,123/ 110080= $ 5.442
Explanation:
Conversion costs of $ $599,123
Units % of Completion EUP
D.M C.C D.M C.C
Units completed 106,000 100 100 106,000 106,000
<u>Ending Inventory 13,600 100 30 13,600 4080</u>
T<u>otal Equivalent Units Of Production 119600 110,080</u>
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Conversion Costs per unit = $ $599,123/ 110080= $ 5.442
Another way of finding out is through using the beginning inventory and the units started but as we do not have the % of completion for started units it cannot be computed.
B. 0.5% - 2% based on average tax return rates in the US
Answer:
The higher discount rate lower the banks incentive to borrow from the Fed, lowering the quantity of reserves, and causing the money supply to fall.
This is because a higher discount rate makes borrowing from the Fed more expensive. Some of the money that would have been borrowed from the fed becomes bank reserves, and some other becomes loanable funds that increase the money supply. As a result, if banks borrow less from the fed, the money supply falls (or grow less).
The Fed Funds rate is the rate that banks charge one another for short-term overnight loans.
This occurs when banks are stripped of cash, and rely on other banks to meet their cash requirements for the day.
When the Fed buys government bonds, the reserves in the banking system increases, the banks demand for the reserves decreases, and the federal funds rate falls.
When the Fed buys government bonds, it is essentially creating money. This money enters the banking system in the form of reserves, of which some are loaned out, creating even money. Demand for the borrowed reserves falls because banks now need less of it, and as a result, their price: the federal funds rate, also falls.
Explanation:
