Lancelot Manufacturing is a small textile manufacturer using machinehours as the single indirectcost rate to allocate manufactur
ing overhead costs to the various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the Case High School band jacket job. Company Case High School Job Direct materials Direct labor Manufacturing overhead costs Machinehours mh mh What is the bid price for the Case High School job if the company uses a % markup of total manufacturing costs?
1 answer:
Answer:
$3,927
Explanation:
For the computation of bid price first we need to follow some steps which is shown below:-
Manufacturing overhead rate = Overhead cost ÷ Machine hours
= 45,000 ÷ 100,000
= $0.45
Total manufacturing cost charged to the school
= 2,000 + 400 + (900 × 0.45)
= $2,805
Markup cost = $2,805 × 0.4
= $1,122
Bid price of job = Total manufacturing cost charged to school + Markup cost
= $2,805 + $1,122
= $3,927
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Answer:
current price = $33.28
for 3 year current price = $37.54
for 15 year current price = $60.82
Explanation:
given data
dividend = $1.95 per share
rate = 4.1 %
return = 10.2 %
to find out
current price , price in 3 year and 5 year
solution
we will apply here current price formula that is
current price = dividend / ( return rate - rate ) ...............1
put here value
current price = 1.95 × (1.041) / ( 10.2 - 4.1 )
current price = 2.03 / 0.061
current price = $33.28
and
for 3 year from equation 1
current price = dividend / ( return rate - rate )
current price = 1.95 × / ( 10.2 - 4.1 )
current price = 2.29 / 0.061
current price = $37.54
and
for 15 year
from equation 1
current price = dividend / ( return rate - rate )
current price = 1.95 × / ( 10.2 - 4.1 )
current price = 3.71 / 0.061
current price = $60.82