Answer:
Predetermined OH rate is $37.09
Explanation:
Firstly, we need to get the value for predetermined Fixed OH rate.
Predetermined Fixed OH rate = Estimated Fixed overhead / Estimated machine hours
= $2,347,090 / 79,000
= $29.71 per machine hour
Predetermined OH rate = Predetermined Fixed OH rate + Predetermined Variable OH rate
= $29.71 + $7.38
= $37.09
Therefore, the predetermined OH rate is $37.09
Answer:
a. In this weak situation, Frank’s laziness trait is activated. In this strong situation, Daniel’s neurotic trait is activated.
Explanation:
A trait can be defined as the characteristics of a person that describes his nature and his behavior. It is the result of one's genes or are influence from surrounding or nature.
A neurotic trait of a person helps the person to deal with the stress. It is a tendency towards shyness, anxiety, etc.
In the context, it is given that both Frank and Daniel volunteered themselves for cleaning a district warehouse. They were assigned the northwest corner of the warehouse to clean. Daniel found a push-broom and started sweeping and cleaning the floor, while Frank waited for Trixie to arrive who will assigned them their job.
In this situation, it shows the laziness trait of Frank who felt too lazy to start his work before someone assigning them to him while Daniel is active and it shows his neurotic trait because of which Daniel started his job and did not waited for Trixie to come.
Thus the correct option is (a).
Answer:
b . Direct expense
Explanation:
Direct expense is an expense whose cost can be easily identified with a department due to the fact that the expense is incurred for the benefit of the department solely. This means that this expense can be traced directly to a department.
Also, some expenses are known to be directly related to buying of materials , products for use whether in a department or a company; such expenses are classified as direct expenses.
Examples of direct expense includes cost of raw materials , rent of factory, wages etc.
Answer:
c. federal funds
Explanation:
As this case is concerned, Bank Of The North pay the interest to Helper Bank for the loan as per the Federal Fund rate.
Federal fund rate is the rate of interest on which one bank gives short term or overnight loan to other banks. The interest rate at which federal funds are being borrowed and lent is known as the federal fund rate. This rate is set based on the principle of demand and supply. For instance, if the demand is higher than the supply, this rate will go up.
Answer:
4 months.
Explanation:
This is because the months for which interest have been accrued are March, April, May, and June of year 1. These are 4 months in total.
Therefore, Finch's debt service fund should include interest payable on the general obligation bonds for 4 months.