Answer:
C. 2 percent.
Explanation:
The computation of the annual real rate of interest is presented below:
Provided that
Nominal annual interest rate = 8%
Inflation rate = 5%
So, the annual real rate of interest is
Real rate of return = {( 1 + nominal annual rate of return) ÷ ( 1 + inflation rate)} - 1
= {( 1 + 0.08) ÷ ( 1 + 0.05)} - 1
= 2%
Answer:
As a result, the IFRS test is more strict than U.S. GAAP.
Answer:
Option (d) : $24.8 and $15.7
Explanation:
As per the data given in the question,
Number of units produced = 10,000
Number of units sold = 6,000
Cost per unit = Amount/ 10,000
Absorption Variable
Direct material $5.2 $5.2
Direct Labor $8 $8
Variable manufacturing overhead $2.5 $2.5
Fixed manufacturing overhead $9.1 $9.1
Unit product cost $24.8 $15.7
Answer:
The answer is C: Hyperinflation
Explanation:
Hyperinflation is high and accelerating form of inflation. It results in quick decline of the local currency`s real value. It also leads to increased prices of all goods and consumables
From the data,
In June 1922, 1 german Mark was equal to 0.003125 USD (1/320)
Whereas in December, 1922, the same german Mark was equal to 0.000125 USD. (1/8000)
Answer:
Note: The full question is attached as picture below
Overhead Cost of one Month = Total Overhead Cost / 12 Month
Overhead Cost of one Month = $403,200 / 12 month
Overhead Cost of one Month = $33,600
So, Overhead Chargeable Per Month is $33,600
PARTICULARS AMOUNT
Direct Materials $26,000
Direct Labor $21,000
Manufacturing overhead Applied <u>$33,600</u>
Total Manufacturing Expenses $80,600
Less: Job Work in Process
Direct Materials $3,000
Direct Labor $1,500
Cost of Goods Sold before proration $76,100
of over or under allocated overhead
