Answer
Material purchase budget ($)= $475,500
Explanation:
The material purchases budget is determined by adding the the closing stock of materials to the material usage budget and subtracting the opening inventory of materials.
Material purchase budget= Material usage budget + closing inventory - opening inventory
Material usage budget = Production budget × standard quantity per unit
= 53,00 × 6 yards = 318,000
Material purchase budget(quantity) = 318000 + 30,000 - 31,000 = 317,000
Material purchase budget ($) = Material purchase budget (in quantity) × standard price
= 317,000× $1.50 = $475,500
Material purchase budget ($)= $475,500
Answer:
Total allocated costs= $7,784.21
Explanation:
<u>To allocate overhead to Product U94W, we need to use the following formula:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Assembling products= 8.90*389= $3,462.1
Processing customer orders= 31.23*53= $1,655.19
Setting up batches= 43.72*61= $2,666.92
Total allocated costs= $7,784.21
You charge $500 on each of your two credit cards.
One is American Express with an interest rate of 15.99%.
The other is Chase Sapphire with an interest rate of
20.99%. Assuming that you are only making the minimum
payment of $25 to each of the credit card companies,
which card will you pay off first
Answer:
Explanation:
first of all we need to identify required rate of return
as per the given date in the question we can apply Capita asset pricing model to identify the Ke that is cost of equity.
We have
Ke = Rf+(Rm-Rf)*beta
Ke=2%+(7%-2%)*1.39
Ke=2%+(5%)*1.39
Ke=2%+6.95
Ke=8.95
Now we need to identify the share price after five year with same return
Share price = 862*(1+8.95%)^5
Share price after five year = 1323.255
Answer:
b.$39,200
Explanation:
Calculation to determine Paul's allowable itemized deductions for 2020
Using this formula
2020 itemized deductions=State income taxes+Real estate taxes+Gambling losses
Let plug in the formula
2020 itemized deductions=$13,500+$18,900+$6,800
2020 itemized deductions=$39,200
Therefore Paul's allowable itemized deductions for 2020 are $39,200