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3 years ago

Sobota Corporation has provided the following partial listing of costs incurred during August:

Business

1 answer:

QveST [7]3 years ago

4 0

Answer:

a. $365,000

b. $346,800

Explanation:

The computations are shown below:

a. For product cost:

= Direct materials used + Direct labor + manufacturing overhead

where,

Manufacturing overhead = Indirect labor + Property taxes, factory + Depreciation of production equipment

= $45,000 + $18,900 + $42,200

= $106,100

So, the product cost would be

= $168,100 + $90,800 + $106,100

= $365,000

b. For period cost

= Marketing salaries + Administrative travel + Sales commissions + Advertising

= $51,700 + $100,800 + $50,000 + $144,300

= $346,800

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3 years ago

Read 2 more answers

(a) Bank of Marienfield started its first day of operations with $150 million in capital. It received a total of $100 million i

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Here, we are going to prepare the balance sheet of Bank of Marienfield using the information given in the question..

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Given Information

Capital = $150 Million

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Loan from bank= $50 Million

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Total liabilities = $300 Million

Additional given Information

Commercial loan = $150 Million

Investment in shares = $120 Million

Investment in Treasury bonds = $20 Million

Required reserve = Checkable deposit * Required reserve rate

Required reserve = $100 Million * 10%

Required reserve = $10 Million

Excess reserve = Total liabilities - (Commercial loan + Investment in shares + Investment in Treasury bonds + Required reserve)

Excess reserve = $300 Million - ($150 Million + $120 Million + $20 Million + $10 Million)

Excess reserve = $300 Million - $300 Million

Excess reserve = $0 Million

Balance sheet of Bank of Marienfield.

Assets Amount Liability Amount

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Excess Reserve $0 Checkable deposit $100 million

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Investment in shares $120 million

Invest. Treasury bond $20 million

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3 years ago

Jordan routinely eats an early lunch around 11:00 am. even if there's no clock in sight, jordan can tell when it's almost 11:00

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3 years ago

A company issued 6%, 10-year bonds with a face amount of $90 million. The market yield for bonds of similar risk and maturity is

Leviafan [203]

Answer:

The bonds sold at: $122,106,600 dollars

Explanation:

We will calculate the present value of the coupon payment and the maturirty at market rate of 7%

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C 2.7(90 millions x 6% / 2 payment per year)

time 20 10 years and 2 payment per year

discounted at market rate: 7% divide by 2 payment per year: 0.035

$2.7 \times \frac{1-(1+0.035)^{-20} }{0.035} = PV\\$

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$\frac{Maturity}{(1 + rate)^{time} } = PV$

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Total $122.1066

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3 years ago