Answer: 35 years
Explanation:
Where,
A - the ending amount,
P - the beginning amount (or "principal")
r - the interest rate (expressed as a decimal)
n - the number of compounding a year
t - the total number of years
n=1, t=?, P = $50,000, r=0.09, A= $1,000,000
Therefore,
Taking log on both sides
log(20) = t log(1.09)
1.30103 = 0.0374264979 t
t = 34.7622
So answer is 35 years.
The depreciation expense under straight-line method for 2022 is $5225.
<h3>What is the depreciation expense?</h3>
The straight-line depreciation allocates the depreciation expense evenly over the useful life of an asset.
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
(115,000 - $10,500) / 5 = $20,900
Depreciation expense in 2022 = 3/12 x 20,900 = $5225
To learn more about straight line depreciation, please check: brainly.com/question/6982430
Answer:
$12,400
Explanation:
The computation of the total Manufacturing Overhead is shown below:
= Glue for frames + Plant depreciation + plant foreman's salary + plant janitors wages + Oil for manufacturing equipment
= $350 + $6,000 + $4,500 + $1,400 + $150
= $12,400
This cost is always reported only indirect cost with respect to the factory or production overhead cost
Answer:
The lowest price that Division East will accept for the component is:
$1.48 per unit.
Explanation:
a) Data:
Variable product cost = $1.48
Full cost = $2.01 (Variable + Fixed costs)
Market price = $4.94
b) The variable product cost of $1.48 is the direct cost for producing the component, which includes the direct materials, direct labor, and direct overhead. The full cost of $2.01 includes other fixed costs (indirect materials, indirect labor, and indirect overhead), which cannot be directly traced to the component. The market price is the selling price, which includes the full cost and the profit margin (markup) which is added as compensation for the manufacturing effort.
Answer:
the no of tons started and completed is 3700
Explanation:
The computation of the no of tons started and completed is given below:
Units Completed = Beginning Work in Process Units Completed + Units started and Completed during October
3,900 = 200 + Units started and Completed during October
So,
Units started and Completed during October = 3,700
Hence, the no of tons started and completed is 3700